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$1,579,099

NAL Estimated Property Value

1116 W Drew St, Houston, TX, 77006

Off MarketInfo
Beds4 Beds
Baths6 Bath
Baths4,222 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$367.12 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Wine Refrigerator, Double Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size5,001 sqft

Building Information

Year Built2015
Stories1
Garage Spaces2

Land Information

APN0370830000042
Lot Number42
SubdivisionWestover
Land UseResidential
Legal DescriptionLT 42 WESTOVER
Census Tract410501
Assessed Land Value$550,000
Assessed Improvement Value$1,029,099
Assessment Year2025

About this property

Beautifully appointed, soft contemporary home in the heart of Montrose. White oak hardwoods and beamed ceilings enhance the open living spaces. Home office with pocket doors is off the entry. Double-sided gas fireplace connects the living and dining rooms. Wet bar with beverage cooler for easy entertaining. Chef’s kitchen with gas range, pot filler, granite counters, and ample storage, plus a cozy desk nook. Covered patio with outdoor kitchen and private fenced yard. Upstairs features four bedrooms with en-suite baths and walk-in closets, plus a versatile game room and half bath. The serene primary suite offers a spa-like bath with dual vanities, soaking tub, and glass shower. Large laundry room is on the second floor. Premier location with excellent walkability—close to restaurants, nightlife, Buffalo Bayou, downtown, and the Medical Center.

Investor Tools

Property Icon
$1,579,099
Estimated Property Value
$1,418,169Estimated Mortgage Balance
$160,930Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,475 /month
Positive
Cash Flow Estimate:
$3,158 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,294/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,631
$1,579,099
2025
$550,000
$1,029,099
$1,579,099
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,631
$1,579,099

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$1,425,000
No
First
Dec 4, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,418,169
$160,930
10%
90%
$8,774/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$8,774/mo
$-5,434/mo
2.5%

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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1116 W Drew St | Property Details | No Agent List