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Owner Contacts

$575,000

NAL Estimated Property Value

1020 W Gardner St, Houston, TX, 77009

Off Market

2 Beds

1 Bath

1,092 Sq Ft

Single Family Residence

$2.29 / sqft

Built in 1926

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher

FlooringTile, Wood

Exterior

Lot Size5,001 sqft

Building Information

Year Built1926

Stories1

Garage Spaces1

Land Information

APN0620990000005

Lot Number5

SubdivisionNorth Norhill

Land UseResidential

Legal DescriptionLT 5 BLK 120 NORTH NORHILL

Census Tract511400

Assessed Land Value$450,000

Assessed Improvement Value$125,000

Assessment Year2025

About this property

HIGHEST & BEST APPLICATION DUE 5PM SUNDAY! This timeless charming bungalow with incredible curb appeal is not to be missed! Situated on a quiet Norhill block with curb and guttered streets with plenty of parking and mature trees. Fall in love with the high ceilings, beautiful pine hardwoods, abundant natural light, crown molding, generous closets/storage, updated kitchen, and utilities in house! Outdoor features welcoming front porch w/porch swing, full-width fenced back yard perfect for kids, pets and entertaining, freshly painted over-sized deck, 1-car garage w/extra storage space and automatic iron gate for privacy! Improvements worth noting: tankless water heater (2017), concrete driveway (2011), recent fence (2019), under-house spray foam insulation, new AC/furnace, and new roofs (2021). Unbeatable location offers walkability to many neighborhood parks, local shops & restaurants on Studewood!

Investor Tools

$575,000

Estimated Property Value

$269,938Estimated Mortgage Balance

$305,062Estimated Equity

54% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,450 /month

Positive

Cash Flow Estimate:

$1,150 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$992/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,033

$575,000

2025

$450,000

$125,000

$575,000

Tax History

Year

Tax Paid

Assessed Value

2024

$9,033

$575,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Amerant Mortgage Llc

Conventional

$280,000

First

May 13, 2024

Jun 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$269,938

$322,062

54%

47%

$1,679/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$1,679/mo

$-372/mo

2.7%

Learn About the Market: Opportunity in Houston

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