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$130,000

9025 Gaylord Drive #3, Houston, TX, 77024

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,152 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$112.85 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Electric Oven, Electric Range, Free-Standing Range, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size8.06 acres

Building Information

Year Built1978
Stories2

Land Information

APN1141880140002
SubdivisionMemorial Grove
Land UseResidential
Legal DescriptionTH 110 BLDG N .0113 INT COMMON LAND & ELE MEMORIAL GROVE CONDO
Census Tract430500
Assessed Land Value$37,290
Assessed Improvement Value$158,710
Assessment Year2025

About this property

Investor Special in Memorial Grove! Perfect for investors or buyers looking to create their ideal home. This 2-bedroom, 1.5-bath condo has been a rental property for more than 20 years and offers great potential for renovation and value enhancement. The front door opens directly to the community pool and lounge area, providing a convenient and inviting setting. Inside, the first floor features tile flooring and a spacious living area ideal for entertaining and everyday living. The kitchen is functional and ready for updating, while a convenient half bath is located downstairs. Upstairs are two bedrooms and a full bath with a tub/shower combination. Nestled in a quiet community with excellent schools and easy access to I-10, shopping, and dining, this property presents a rare opportunity to customize a home in a highly desirable location. With thoughtful updates, this could become your dream home in the heart of Memorial.

Investor Tools

$0Estimated Mortgage Balance
$213,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,278 /month
Positive
Cash Flow Estimate:
$426 /month

Interested in this property?

Antonio Cogliandro

RE/MAX Cinco Ranch

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$183/month
$475/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,125
$196,000
2025
$37,290
$158,710
$196,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,125
$196,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$213,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,520/mo
$475/mo
+$2,045/mo
14.2%

City: Houston

9025 Gaylord Drive #3 | Property Details | No Agent List