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$885,653

NAL Estimated Property Value

1038 Usener St, Houston, TX, 77009

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,152 Sq Ft
price_per_sqft$367.1 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Convection Oven, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringTile, Wood

Exterior

Lot Size5,502 sqft

Building Information

Year Built1920
Stories2
Garage Spaces2

Land Information

APN0512040010023
Lot Number10
SubdivisionUsener
Land UseResidential
Legal DescriptionLT 10 BLK 1 USENER
Census Tract510301
Assessed Land Value$495,000
Assessed Improvement Value$390,653
Assessment Year2025

About this property

Located in the Woodland Heights sits 1038 Usener…a picture-perfect 3 bed/2.5 bath expanded Craftsman bungalow with 1st floor study/4th bedroom. Welcoming front porch overlooks the fenced yard. Open floorplan features large living room with fireplace, built-ins and hardwood floors. Large dining room adjoins to the well-appointed kitchen which offers quartz counters, s/s appliances, abundant cabinet space, island and pantry. Mudroom area too! 1st floor primary bedroom includes a walk-in closet and spa-like bath with quartz counter, double sinks and shower/soaking tub combination. Two charming secondary bedrooms upstairs with hardwoods and nice natural light. Hallway bathroom with shower/tub as well. Tankless water heater! Turfed backyard is ideal for all of your outdoor activities + deck. Automatic driveway gate to the covered parking. Zoned to Travis Elementary (buyer to verify eligibility) and close to Stude Park, exercise trails, area restaurants/shops and minutes to downtown.

Investor Tools

Property Icon
$885,653
Estimated Property Value
$620,465Estimated Mortgage Balance
$265,188Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,314 /month
Positive
Cash Flow Estimate:
$1,771 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,865/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,955
$885,653
2025
$495,000
$390,653
$885,653
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,955
$885,653

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homespire Mortgage Corp
Conventional
$660,000
No
First
Feb 2, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$620,465
$265,188
29%
70%
$3,958/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$3,958/mo
$-2,236/mo
2.3%

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1038 Usener St | Property Details | No Agent List