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Days on Market
264
Views
N/A
Saves
N/A
Property Estimate
$240,000
ROI
11.37%
LT Rental Confidence
High
Cap Rate
8.6%
Rent / Price
.99%
Address:
515 Tallowood Rd UNIT 9, Houston, TX 77024
Property Type
Townhouse
Area
1,392 sqft
Bed & Bath
2bd / 3ba
Property Condition
Turn-Key
L
Contact Realtor
Luis Chavez

Property Report

May take a moment to make the report.

Research Market
Research Market
TX 77024
Local Property Manager
Meadows Property Group
Property photo
Area
1392 sqft
Bed
2
Bath
3
Property Estimate
$240,000
Return on Investment
11.37%ROI

Property Details

HOA Cost
None
Year Built
1970
Price Per Square Foot
$172 /sqft
Lot Size
3 acres
Property Parking
N/A
Public Transport Score
N/A
Bike Score
N/A
Walkability
N/A

Seller Description

Tallowood townhomes offers convenient living in a sought after Memorial area zoned to highly rated schools. This u is an end unit that offers bright natural light. The generous sized living space is downstairs with a half bath. Upstairs offers 2 bedrooms and 2 separate bathrooms with one shower. There is an abundance of storage which includes a large walk in storage closet near the kitchen. Great patio area with a gate to one of your designated parking spots. Clean and ready for move in. Two assigned parking spaces. Enjoy the community amenities, and an HOA that includes exterior grounds, electricity, water, sewer, gas and trash!

Schools

School District:
N/A

Frostwood Elementary School

School Rating
10 /10
Grades
PK-5
Distance
0.9 miles

Memorial Middle School

School Rating
10 /10
Grades
6-9
Distance
0.3 miles

Memorial High School

School Rating
8 /10
Grades
9-12
Distance
1.8 miles

Climate Risk

  • Flood Risk

    Risk Level
    Moderate
    Risk Score
    5/10
    Insurance:
    Critical

  • Fire Risk

    Risk Level
    Very Low
    Risk Score
    1/10
    Insurance:
    Not Critical

  • Wind Risk

    Risk Level
    Very High
    Risk Score
    9/10
    Insurance:
    Critical

  • Air Risk

    Risk Level
    Low
    Risk Score
    3/10

  • Heat Risk

    Risk Level
    Very High
    Risk Score
    9/10

ROI Breakdown

Return on Investment
11.37%ROI
Total Income
$2,374
Total Expenses
$1,473
Total Appreciation
$582,543

Income

Monthly

Income
Monthly Income$2,374
Total Income
$2,374

Expenses

Monthly

Expenses
Mortgage$809
PMI$0
Maintenance$119
Cap Ex$166
Property Tax$5
Property Management$190
Home Insurance$84
HOA$0
Vacancy$100
Total Expenses
$1,473

Appreciation

30 yrs

Appreciation
Annual House Appreciation3%
Total Appreciation
$582,543

Return on Investment

30 yrs

Return on Investment
Total Initial Cost$63,600
Total Expenses$830,350
Total Appreciation$582,543
Selling Fee (6%)$34,953
Total Income$1,892,710
Total ROI
11.37%

Rental Opportunities

Zillow

Long-Term Rental Information

Average Monthly Revenue
$2,374
Average Monthly Expense
$1,473
Monthly Property Tax
$5
Estimated Monthly Profit
$901
LT Rental Confidence
High
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Short-Term Rental Information

Average Monthly Rate
$6,335
Average Monthly Expense
$4,426
Average Nightly Rate
$500
Average Monthly Occupancy
42%
Estimated Monthly Profit
$1,908
ST Rental Confidence
N/A

Historical and Forecasting Property Data

Comparable Properties Nearby