Last 24 Hours
$105,000
508 Burke Rd, Pasadena, TX, 77506
$119,820 ARV
On Market
Just Added
2 Beds
1 Bath
1,088 Sq Ft
Single Family Residence
$96.51 / sqft
Built in 1953Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 2
Bathrooms Full 1
Garage Available
HeatingExterior
Lot Size6,046 sqft
Building Information
Year Built1953
Stories1
Land Information
APN0805020000024
Lot Number24
SubdivisionRed Bluff Terrace
Land UseResidential
Legal DescriptionLT 24 BLK 23 RED BLUFF TERRACE SEC 4
Census Tract322800
Assessed Land Value$57,048
Assessed Improvement Value$77,560
Assessment Year2025
About this property
Investment opportunity in Pasadena! The property features a functional single-story layout and plenty of potential for renovation or investment. Conveniently located near local amenities and major roadways. Bring your vision and explore the possibilities this property has to offer!
Investor Tools
$67,306Estimated Mortgage Balance
$133,694Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$119,820
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,206 /month
Positive
Cash Flow Estimate:
$402 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$84/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6
$134,608
2025
$57,048
$77,560
$134,608
No
Tax History
Year
Tax Paid
Assessed Value
2024
$6
$134,608
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$75,000
No
First
May 24, 2021
Jun 2036
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$67,306
$133,694
66%
33%
$450/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$450/mo
+$857/mo
7.8%
12.4%