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$300,000

1109 Gargan Street, Houston, TX, 77009

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,132 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$265.02 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
AppliancesDisposal, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringTile, Vinyl

Exterior

Lot Size5,001 sqft

Building Information

Year Built1930
Stories1
Garage Spaces2

Land Information

APN0032040000003
Lot Number3
SubdivisionAllen A C
Land UseResidential
Legal DescriptionLT 3 BLK 47-D ALLEN A C
Census Tract212300
Assessed Land Value$185,250
Assessed Improvement Value$36,457
Assessment Year2025

About this property

Fantastic opportunity to own an income-producing property in the rapidly growing Near Northside area, minutes from Downtown Houston. This charming vintage bungalow offers the perfect blend of character, comfort, and convenience in one of Houston’s most up-and-coming neighborhoods. Tenant-occupied & leased at $1,650/mo through 5/31/27, this property presents an excellent turnkey investment opportunity with immediate cash flow already in place. The home features durable vinyl wood-plank flooring throughout & an open-concept kitchen that flows seamlessly into the living area, creating a bright & inviting atmosphere. Large windows provide an abundance of natural light, enhancing the home’s warm & airy feel. Enjoy outdoor living on the covered front porch complete with a swing, surrounded by mature trees that add shade, charm, and curb appeal to the property. Refrigerator, washer, & dryer are included. Don’t miss this rare opportunity to secure a leased investment property!

Investor Tools

$159,251Estimated Mortgage Balance
$137,749Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

Interested in this property?

Laura Salinas

Pruneda Interests

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$525/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,820
$221,707
2025
$185,250
$36,457
$221,707
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,820
$221,707

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lendsure Mortgage Corp
Conventional
$177,106
No
First
Mar 2, 2021
Apr 2061

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$159,251
$137,749
46%
54%
$1,062/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,062/mo
+$245/mo
5.3%

City: Houston