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$350,275

NAL Estimated Property Value

1046 Homer St, Houston, TX, 77091

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths1,612 Sq Ft
Multi FamilyMulti Family
price_per_sqft$642.04 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringVinyl Plank

Exterior

Exterior FeaturesBalcony
Lot Size1,782 sqft

Building Information

Year Built2023
Garage Spaces2

Land Information

APN1466510010002
Lot Number2
Land UseResidential
Legal DescriptionLT 2 BLK 1 WHEATLEY COURT
Census Tract530800
Assessed Land Value$48,602
Assessed Improvement Value$301,673
Assessment Year2025

About this property

New Construction Portfolio | Oak Forest North | Income-Producing Opportunity All homes are brand-new and never occupied. Each unit offers 1,612 sq ft with 3 bedrooms, 2 bathrooms, and sleek European-inspired design. Separately metered utilities, no HOA, and only property taxes due by owner. Excellent setup for long-term rentals or short-term rental strategies (buyer to verify). Included in the sale are 1042 Homer St., 1044 Homer St., and 1046 Homer St.

Investor Tools

Property Icon
$350,275
Estimated Property Value
$234,885Estimated Mortgage Balance
$115,390Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,210 /month
Positive
Cash Flow Estimate:
$2,070 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$805/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,903
$350,275
2025
$48,602
$301,673
$350,275
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,903
$350,275

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Champions Funding Llc
Commercial
$236,600
No
First
Dec 19, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,885
$115,390
32%
67%
$1,419/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,419/mo
+$303/mo
5.9%

Learn About the Market: Opportunity in Houston

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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 Texas Explore This Area
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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1046 Homer St | Property Details | No Agent List