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$167,000

1016 Avenue E, South Houston, TX, 77587

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths896 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.56 / sqft
Year BuiltBuilt in 1942

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher

Exterior

Lot Size7,100 sqft

Building Information

Year Built1942

Land Information

APN0341470910001
Lot Number1
SubdivisionSouth Houston
Land UseResidential
Legal DescriptionLT 1 BLK 291 SOUTH HOUSTON
Census Tract321401
Assessed Land Value$85,200
Assessed Improvement Value$47,450
Assessment Year2025

About this property

COMPLETELY UPDATED 2 BEDROOM 1 BATH HOME ON A HUGE LOT!! FRESH INTERIOR/EXTERIOR PAINT!! NEW WOOD LAMINATE FLOORS!! NEW TILE IN THE KITCHEN AND RESTROOMS!! NEW BACK DECK AND FRONT PORCH!! RECESSED LIGHTING THROUGHOUT!! NEW CEILING FANS! HUGE BACKYARD! WONT LAST LONG!

Investor Tools

Property Icon
$167,000
Estimated Property Value
$127,500Estimated Mortgage Balance
$47,137Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,002 /month
Positive
Cash Flow Estimate:
$334 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$217/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,767
$132,650
2025
$85,200
$47,450
$132,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,767
$132,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Investors Mortgage Finance Llc
Conventional
$127,500
No
First
Feb 1, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$119,863
$47,137
28%
72%
$765/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$765/mo
+$542/mo
9.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: South Houston

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1016 Avenue E | Property Details | No Agent List