Last 24 Hours
$395,000
509 Gale St, Houston, TX, 77009
On Market
2 Beds
1 Bath
1,240 Sq Ft
Single Family Residence
$318.55 / sqft
Built in 1940Property Lead Type:
Absentee Owner
Highlights
Interior
Bedrooms 2
Bathrooms Full 1
Garage Available
Heating Central
CoolingAppliancesDisposal, Convection Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTile, Wood
Exterior
Exterior FeaturesBack Green Space
Lot Size6,625 sqft
Building Information
Year Built1940
Stories1
Garage Spaces1
Land Information
APN0660640240030
SubdivisionLindale Park
Land UseResidential
Legal DescriptionTRS 30 & 31A BLK 22 LINDALE PARK SEC 3
Census Tract210600
Assessed Land Value$194,719
Assessed Improvement Value$167,479
Assessment Year2025
About this property
For your consideration is a charming and renovated brick home in the heart of Lindale Park. At 1240 square feet, this 2/1 plus sunroom gives you plenty of space to grow. The sunroom is a perfect spot for a home office, library/reading area, or creative curated space. Full length windows allow plenty of natural light. Durable and timeless solid oak floors are throughout. This happy house is located in a fantastic deed restricted (no HOA) neighborhood within the 610 loop and walkable to the light rail red line.
Investor Tools
$228,199Estimated Mortgage Balance
$133,999Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$636/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,823
$362,198
2025
$194,719
$167,479
$362,198
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,823
$362,198
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Imperial Mortgage Inc
Conventional
$264,000
No
First
Nov 15, 2019
Dec 2049
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$228,199
$133,999
36%
63%
$1,583/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,583/mo
$-276/mo
4.3%
12.4%