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$249,500

1617 Palcio Real Dr, Houston, TX, 77047

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,412 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.7 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher

Exterior

Lot Size4,269 sqft

Building Information

Year Built2006
Garage Spaces2

Land Information

APN1268000020008
Lot Number8
SubdivisionCity Park
Land UseResidential
Legal DescriptionLT 8 BLK 2 CITY PARK SEC 3
Census Tract330901
Assessed Land Value$39,642
Assessed Improvement Value$183,870
Assessment Year2025

About this property

Now is your chance to own you own private oasis. This Beautiful home is located on a corner lot in the highly desirable City Park Subdivision. Minutes to the freeway and Medical Center. Boasting Tile and Faux wood flooring throughout. Formal dining room and kitchen that opens to the living room. A great starter home for picky buyers.

Investor Tools

$108,179Estimated Mortgage Balance
$115,333Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,497 /month
Positive
Cash Flow Estimate:
$499 /month

Interested in this property?

David Chapa

Frontline Residential Services, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$483/month
$960/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,677
$223,512
2025
$39,642
$183,870
$223,512
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,677
$223,512

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Texas
Fha
$140,409
Yes
First
Feb 23, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$108,179
$115,333
51%
48%
$842/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,000/mo
$1,802/mo
+$198/mo
10.7%

City: Houston