Last 24 Hours
$700,000
511 Marcella St, Houston, TX, 77091
On Market
Just Added
4 Beds
4 Bath
1,040 Sq Ft
Built in 1948Property Lead Type:
BankruptcyAbsentee OwnerHigh EquityMove-In Ready
Highlights
Interior
Bedrooms 4
Bathrooms Full 4
HeatingExterior
Lot Size23,605 sqft
Building Information
Year Built1948
Land Information
APN0410500090040
SubdivisionAbst 94 S W Allen
Land UseResidential
Legal DescriptionTR 17L ABST 94 S W ALLEN
Census Tract530600
Assessed Land Value$311,050
Assessed Improvement Value$70,915
Assessment Year2025
About this property
Great property located in the growing area of Independence Heights. Conveniently located with quick access to major freeways, restaurants, shopping and amenities. This property, located towards the end of a cul-de-sac street, has multiple options for future use such as Single Family, Multi-Family, Townhomes and more. Take a look at this area with all the new construction going on and you will see why Independence Heights is developing so rapidly.
Investor Tools
$113,434Estimated Mortgage Balance
$268,531Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,200 /month
Positive
Cash Flow Estimate:
$1,400 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$462/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,631
$381,965
2025
$311,050
$70,915
$381,965
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,631
$381,965
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
2012 Cottage Llc
Unknown
$154,000
No
First
Nov 26, 2014
Dec 2039
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$113,434
$268,531
70%
30%
$924/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$924/mo
+$1,302/mo
7.0%
12.4%