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$499,700

118 Velasco St, Houston, TX, 77003

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,907 Sq Ft
price_per_sqft$262.03 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringMarble, Wood

Exterior

Lot Size1,699 sqft

Building Information

Year Built2024
Garage Spaces2

Land Information

APN1448670010005
Lot Number5
Land UseResidential
Legal DescriptionLT 5 BLK 1 VANTAGE ON VELASCO
Census Tract310101
Assessed Land Value$64,000
Assessed Improvement Value$181,165
Assessment Year2025

About this property

Luxury new construction perfectly positioned minutes from Daikin Park, Downtown Houston, Toyota Center, and EaDo. This 3-story home with a private rooftop deck delivers unobstructed downtown skyline views. Entertain on your covered rooftop retreat featuring a wood-paneled ceiling, ceiling fan, artificial turf, and dual French doors opening into a spacious gameroom. The chef's kitchen impresses with a calacatta quartz waterfall island, floor-to-ceiling white shaker cabinetry, gold hardware, and gas range. The primary suite features a black freestanding soaking tub, frameless glass shower with full marble tile surround, dual floating vanities with LED mirrors, and a crystal chandelier. Custom his and her walk-in closets complete the retreat. Engineered hardwood floors, glass-panel staircase, and smart home features throughout. First-floor bedroom and bath ideal for guests or home office. Walk to Astros games, dinner in EaDo, or a show at Toyota Center. No HOA.

Investor Tools

$0Estimated Mortgage Balance
$495,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,998 /month
Positive
Cash Flow Estimate:
$999 /month

Interested in this property?

Antonio Maari

OakHouse Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$318/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,339
$245,165
2025
$64,000
$181,165
$245,165
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,339
$245,165

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$400,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,710/mo
N/A
+$2,710/mo
6.6%

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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118 Velasco St | Property Details | No Agent List