B+

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Owner Contacts

$768,000

NAL Estimated Property Value

1005 S Shepherd Dr Apt 605, Houston, TX, 77019

Off Market

2 Beds

2 Bath

2,336 Sq Ft

Condos / Townhouses

$299.23 / sqft

Built in 2000

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringCarpet, Wood

Exterior

Exterior FeaturesPlayground, Storage, Dog Run, Balcony

Building Information

Year Built2000

Land Information

APN1207800000047

SubdivisionRenoir Condo

Land UseResidential

Legal DescriptionUNIT 605 .012195 INT COMMON LAND & ELE RENOIR CONDO

Census Tract410300

Assessed Land Value$130,454

Assessed Improvement Value$556,146

Assessment Year2025

About this property

Newly renovated 2-story condo at the Renoir Lofts in River Oaks! Distinctive 6th floor unit has expansive 2-story living area with 19' ceilings and floor to ceiling windows. An entertainers dream with over $100k in designer upgrades & 20' balcony with exquisite views of Downtown Houston. Impeccable Chef's kitchen updated with NEW Quartz countertops, waterfall island, & SS appliances. Guest suite downstairs with Murphy bed flanked by built-in closets (can also be used as a study or secondary living area). 2nd floor loft can be used as home office and secondary living area which leads to Primary Bedroom featuring 18' walk in custom closet, and fully renovated spa-like bathroom with stand alone tub and oversized shower! Two New HVACS (2020) Water heater (2024) Freshly Painted (2024) Refinished Hardwoods/Carpet Upstairs (2024) Washer/Dryer (2022) Storage unit & 2 private parking spaces included. Walkable distance to Autry Park, Allen Parkway & River Oaks Shopping and Dining.

Investor Tools

$768,000

Estimated Property Value

$557,754Estimated Mortgage Balance

$210,246Estimated Equity

23% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,608 /month

Positive

Cash Flow Estimate:

$1,536 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,433/month

$1,000/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$13,356

$686,600

2025

$130,454

$556,146

$686,600

Tax History

Year

Tax Paid

Assessed Value

2024

$13,356

$686,600

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cadence Bank Na

Conventional

$568,000

First

Oct 17, 2024

Nov 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$557,754

$169,246

23%

73%

$3,591/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$4,591/mo

$-2,011/mo

4.0%

Learn About the Market: Opportunity in Houston

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