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$1,702,942

NAL Estimated Property Value

1206 W Drew St, Houston, TX, 77006

Off MarketInfo
Beds4 Beds
Baths6 Bath
Baths4,098 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$377.99 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Gas Oven, Microwave, Gas Range, Dishwasher, Oven, Refrigerator
FlooringCarpet, Stone, Tile, Wood

Exterior

Exterior FeaturesBalcony, Outdoor Kitchen
Lot Size5,001 sqft

Building Information

Year Built2014
Stories1
Garage Spaces2

Land Information

APN0370820000036
Lot Number36
SubdivisionWestover
Land UseResidential
Legal DescriptionLT 36 WESTOVER
Census Tract410501
Assessed Land Value$550,000
Assessed Improvement Value$1,152,942
Assessment Year2025

About this property

Stunning modern masterpiece in the heart of Montrose. This home has a true wow factor. When you step through the gated entry you are welcomed by a fabulous outdoor living area with a summer kitchen, spacious patio, hot tub and a full bath. As you enter the home you are greeted with wide plank hardwood floors throughout, high ceilings, tons of windows all with custom coverings. Kitchen is fully equipped with an island, breakfast bar, soft close cabinets, a Bertazzoni 48" gas range, 48" SubZero built-in fridge, 24" Bosch dishwasher, 30" Bosch stainless built-in microwave. All open to the family room complete with a gas fireplace. Four bedrooms are upstairs with en suite bathrooms and walk-in closets with a bonus room at the front of the home. Elevator capable. Enjoy this premier location with Houston's best restaurants, coffee shops, entertainment and more all within walking distance. Easy access to the Buffalo Bayou with miles of trails.

Investor Tools

Property Icon
$1,702,942
Estimated Property Value
$1,175,606Estimated Mortgage Balance
$527,336Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,218 /month
Positive
Cash Flow Estimate:
$3,406 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,017/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$27,684
$1,702,942
2025
$550,000
$1,152,942
$1,702,942
No

Tax History

Year
Tax Paid
Assessed Value
2024
$27,684
$1,702,942

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$1,188,000
No
First
Jul 2, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,175,606
$527,336
30%
69%
$7,024/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$7,024/mo
$-3,684/mo
2.4%

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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1206 W Drew St | Property Details | No Agent List