7view

Owner Contacts

$942,000

NAL Estimated Property Value

1040 Gibbs St, Houston, TX, 77009

Off Market

4 Beds

4 Bath

3,125 Sq Ft

$287.97 / sqft

Built in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Bathrooms Half 1

Garage Available

Heating Central

Cooling

AppliancesWater Heater, Disposal, Electric Oven, Microwave, Gas Range, Dishwasher

FlooringCarpet, Tile, Wood

Exterior

Lot Size3,598 sqft

Building Information

Year Built2024

Garage Spaces2

Land Information

APN0351030650003

Lot Number4

SubdivisionSunset Heights

Land UseResidential

Legal DescriptionLT 4 & TR 3 BLK 65 SUNSET HEIGHTS

Census Tract511502

Assessed Land Value$270,000

Assessed Improvement Value$659,221

Assessment Year2025

About this property

The Warwick floorplan is one of Sandcastle Homes specialty floorplans. It has four bedrooms, three full bathrooms and one-half bathroom. The kitchen is an impressive focal point, featuring two islands and a cozy breakfast area. Additionally, a private study is situated downstairs, adjacent to the dining room, providing a quiet space for work or relaxation. On the second floor, you'll find the luxurious Primary Bath, complete with two walk-in closets, double vanities, a standing shower, and a relaxing tub for ultimate comfort. The second floor also houses a spacious gameroom, offering an ideal area for entertainment and leisure, along with the other three bedrooms to accommodate your family or guests. The Warwick floorplan truly combines functionality and elegance to create a remarkable living space. Move In Ready September 2024!

Investor Tools

$942,000

Estimated Property Value

$753,348Estimated Mortgage Balance

$188,652Estimated Equity

27% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,652 /month

Positive

Cash Flow Estimate:

$1,884 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$795/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,836

$929,221

2025

$270,000

$659,221

$929,221

Tax History

Year

Tax Paid

Assessed Value

2024

$4,836

$929,221

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Homexpress Mortgage Corp

Conventional

$774,000

First

Nov 20, 2024

Dec 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$753,348

$285,652

27%

80%

$4,641/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$4,641/mo

$-2,415/mo

2.8%

Learn About the Market: Opportunity in Houston

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