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Owner Contacts

$691,000

NAL Estimated Property Value

1113 Louise St, Houston, TX, 77009

Off Market

3 Beds

3 Bath

2,140 Sq Ft

Single Family Residence

$1.68 / sqft

Built in 2019

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesWater Heater, Disposal, Ice Maker, Gas Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher

FlooringWood

Exterior

Lot Size2,500 sqft

Building Information

Year Built2019

Garage Spaces2

Land Information

APN1404530010001

Lot Number1

Land UseResidential

Legal DescriptionLT 1 BLK 1 LOUISE PLACE

Census Tract511502

Assessed Land Value$162,500

Assessed Improvement Value$437,634

Assessment Year2025

About this property

Enjoy artful newer construction living in this walkable 2 story home. Contemporary finishes and touches throughout from the lighting to the flooring. This 3 bed + 2.5 bth offers a small low-maintenance yard in the back perfect for entertaining or grilling. Open flex room usable as extra tv room/office/workout, decorative dry bar w/ dual temp wine fridge, tankless water heater, wifi thermostat, prewired sound in living room, alarm system, and water/scratch proof flooring. European style cabinetry with an oversized island. Heights HEB, Merchantile, Hike and Bike Trail are all within a mile's radius. Washer/Dryer and fridge stay with the home.

Investor Tools

$691,000

Estimated Property Value

$381,403Estimated Mortgage Balance

$309,597Estimated Equity

44% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,146 /month

Positive

Cash Flow Estimate:

$1,382 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,040/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,027

$600,134

2025

$162,500

$437,634

$600,134

Tax History

Year

Tax Paid

Assessed Value

2024

$9,027

$600,134

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First Imperial Mortgage Inc

Conventional

$429,300

First

Aug 28, 2020

Sep 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$381,403

$310,597

44%

55%

$2,574/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$2,574/mo

$-852/mo

3.0%

Learn About the Market: Opportunity in Houston

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