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Owner Contacts

$1,389,000

NAL Estimated Property Value

105 Payne St, Houston, TX, 77009

Off Market

6 Beds

5 Bath

3,314 Sq Ft

$420.94 / sqft

Built in 1920

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 6

Bathrooms Full 4

Garage Available

Heating Central

Cooling

AppliancesDisposal, Wine Refrigerator, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator

FlooringCarpet, Tile, Wood

Exterior

Lot Size7,701 sqft

Building Information

Year Built1920

Garage Spaces2

Land Information

APN0152150050025

SubdivisionGrota Home

Land UseResidential

Legal DescriptionTR 7 BLK 31 GROTA HOME

Census Tract510301

Assessed Land Value$770,000

Assessed Improvement Value$522,940

Assessment Year2025

About this property

Charming Heights Property with updated Main Home and Leased Bungalow! Welcome to Payne Street, a unique property featuring two homes on one lot—perfect for modern living and generating rental income. Located minutes from Downtown, Heights restaurants, bars, and the White Oak bike/hike trail. MAIN HOME: This beautifully updated main home offers 3,314 sq. ft - 4 bedrooms, 4 baths, a playroom, office, and both front and back porches. Additional highlights include kitchen with island seating, luxurious primary bathroom, ensuite bedrooms, and hardwood floors throughout. Wired for video security, home speakers, and Cat 6 internet in every room. Stylishly modernized, this home is ready for move-in! RENTAL/GUEST HOME: The rental home is a picture-perfect Heights bungalow with original hardwood floors, a charming kitchen, tall ceilings, and a lovely backyard deck, great for entertaining. 1,056 sq. ft Currently leased for $2,100/month. * All per seller.

Investor Tools

$1,389,000

Estimated Property Value

$0Estimated Mortgage Balance

$1,389,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$8,370 /month

Positive

Cash Flow Estimate:

$2,790 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,323/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$20,930

$1,292,940

2025

$770,000

$522,940

$1,292,940

Tax History

Year

Tax Paid

Assessed Value

2024

$20,930

$1,292,940

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$1,405,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

N/A

+$2,226/mo

1.9%

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