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$616,029

NAL Estimated Property Value

1118 Thompson St, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,470 Sq Ft
price_per_sqft$246.96 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Dryer, Refrigerator, Washer
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size1,442 sqft

Building Information

Year Built2018
Garage Spaces2

Land Information

APN0250410010012
Lot Number12
SubdivisionMagnolia Par R/P
Land UseResidential
Legal DescriptionLT 12 BLK 1 MAGNOLIA PAR R/P
Census Tract510601
Assessed Land Value$194,796
Assessed Improvement Value$421,233
Assessment Year2025

About this property

Step into this exquisite single-family home nestled in the vibrant Rice Military, where you'll be welcomed by a spacious, airy floor plan seamlessly connecting the living, dining, and kitchen areas. Despite its proximity to a train track, rest assured that this home is situated in a serene no-blow zone, offering a shield against power outages during inclement weather, a rare and invaluable feature. The kitchen is a chef's dream, featuring high-end stainless steel appliances, stylish quartz countertops, a wet bar, and a spacious walk in pantry. You'll love the flexible bonus space, ready to be transformed into a home office, game room, or whatever suits your lifestyle best. With three spacious bedrooms, each with its own en-suite bathroom, this home offers privacy and comfort for everyone in the family or visiting guests. The gated courtyard offers the luxury of greenery without the hassle of maintenance, as it's beautifully kept by the HOA. Don't miss out, schedule your tour today!

Investor Tools

Property Icon
$616,029
Estimated Property Value
$368,111Estimated Mortgage Balance
$247,918Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,696 /month
Positive
Cash Flow Estimate:
$1,232 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,045/month
$1,950/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,461
$616,029
2025
$194,796
$421,233
$616,029
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,461
$616,029

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Legend Lending Corp
Conventional
$380,000
No
First
Aug 1, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$368,111
$247,918
40%
60%
$2,279/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$4,229/mo
$-1,649/mo
5.0%

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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1118 Thompson St | Property Details | No Agent List