1133Days on Market

1view

$2,700

1119 Panama St, Houston, TX, 77009

On Market

3 Beds

2 Bath

1,282 Sq Ft

Single Family Residence

$2.11 / sqft

Built in 1983

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Free-Standing Range, Gas Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Oven

FlooringVinyl

Exterior

Lot Size4,500 sqft

Building Information

Year Built1983

Stories1

Garage Spaces1

Land Information

APN0260450000008

Lot Number8

SubdivisionMaxey & Plunkett

Land UseResidential

Legal DescriptionLT 8 MAXEY & PLUNKETT

Census Tract210400

Assessed Land Value$175,500

Assessed Improvement Value$259,455

Assessment Year2025

About this property

FULLY FURNISHED & beautifully renovated! Stylish 3-bedroom, 2-bath home is move-in ready. Previously a successful Airbnb, it comes fully equipped, right down to sheets & towels. Sophisticated gray & white details create a warm, inviting feel throughout. The open-concept living area features a dramatic vaulted ceiling & flows into kitchen & dining space. This stunning kitchen features quartz countertops & stainless-steel appliances. The spacious primary suite includes walk-in closet & spa-inspired bath- 2 sinks, abundant lighting, & oversized shower. Two additional bedrooms share the renovated hall bath. A recent front-loading washer and dryer are included. Outside, enjoy the fenced backyard, hammock, & even a unique outdoor shower. For parking, two automatic gates each lead to a private driveway/parking spot. Located in Houston’s Near Northside, just east of the Heights & about a block from the METRO Rail Line. Easy access to Downtown, Heights, Museum District, Texas Med Center.

Investor Tools

$251,158Estimated Mortgage Balance

$184,608Estimated Equity

42% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,610 /month

Positive

Cash Flow Estimate:

$870 /month

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Berkshire Hathaway HomeServices Premier Properties

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$629/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,378

$434,955

2025

$175,500

$259,455

$434,955

Tax History

Year

Tax Paid

Assessed Value

2024

$5,378

$434,955

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rocket Mortgage Llc

Conventional

$260,100

First

Jun 17, 2024

Jul 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$251,158

$183,797

42%

58%

$1,560/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$1,560/mo

+$162/mo

4.8%

Learn About the Market: Opportunity in Houston

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