NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$594,000

NAL Estimated Property Value

1039 Louise St, Houston, TX, 77009

Off Market

2 Beds

1 Bath

1,200 Sq Ft

Single Family Residence

$458.33 / sqft

Built in 1935

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher

FlooringWood

Exterior

Lot Size5,998 sqft

Building Information

Year Built1935

Garage Spaces2

Land Information

APN0350150230001

Lot Number1

Land UseResidential

Legal DescriptionLT 1 BLK 7 STUDES SEC 1 2ND AMEND

Census Tract511502

Assessed Land Value$450,000

Assessed Improvement Value$14,796

Assessment Year2025

About this property

Location, Location, Location! Just minutes to shops, restaurants, and Downtown! Beautiful, meticulously maintained Heights Bungalow located on an oversized corner lot. Stunning wrap around front porch! Large, detached 2 car garage with 1/2 bathroom. Per Owner: Privacy fence installed just 1 year ago creating a peaceful backyard experience. Foam insulation installed under the home around 1.5 years ago for energy efficiency. House was leveled around 2 years ago. Newly resurfaced wood floors throughout. New deck in the back yard around 2 years ago. New garage doors installed around 1 year ago. Fresh, Clean and ready to move in! Washer/dryer conveniently located in the home and will convey.

Investor Tools

$594,000

Estimated Property Value

$489,964Estimated Mortgage Balance

$104,036Estimated Equity

17% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,564 /month

Positive

Cash Flow Estimate:

$1,188 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$824/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,920

$464,796

2025

$450,000

$14,796

$464,796

Tax History

Year

Tax Paid

Assessed Value

2024

$6,920

$464,796

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Pennymac Loan Services Llc

Conventional

$528,650

First

Jun 8, 2022

Jul 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$489,964

$104,036

17%

82%

$3,170/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$3,170/mo

$-1,863/mo

2.6%

Learn About the Market: Opportunity in Houston

Explore

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.

Explore This Area