Last 24 Hours
$499,777
9811 Porto Rico Rd, Houston, TX, 77041
On Market
2 Beds
1 Bath
1,108 Sq Ft
Single Family Residence
$135.38 / sqft
Built in 1940Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 2
Bathrooms Full 1
HeatingExterior
Lot Size14,074 sqft
Building Information
Year Built1940
Stories1
Land Information
APN0903210000124
Lot Number124,125
SubdivisionCarverdale
Land UseResidential
Legal DescriptionLTS 124 & 125 BLK 6 CARVERDALE SEC 7
Census Tract521600
Assessed Land Value$168,600
Assessed Improvement Value$7,622
Assessment Year2024
About this property
Cleared 21,140 square foot lot composed of 3 separate lots is perfect for commercial or residential development. Easy access to major highways (Beltway 8, Interstate-290, Highway 6, and Interstate-10). Remodel the existing house and build on the other 2 lots or build 3 new side-by-side townhomes, on the 3 lots. So many options! Great investment! Strong comps in neighborhood.
Investor Tools
$0Estimated Mortgage Balance
$218,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,999 /month
Positive
Cash Flow Estimate:
$1,000 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$368/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,325
$176,222
2024
$168,600
$7,622
$176,222
No
Tax History
Year
Tax Paid
Assessed Value
2023
$3,325
$176,222
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$218,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,710/mo
N/A
+$1,710/mo
9.4%
12.4%