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$251,000

NAL Estimated Property Value

1207 Homer St, Houston, TX, 77091

$326,300 ARVInfo
Off MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths1,392 Sq Ft
price_per_sqft$164.51 / sqft
Year BuiltBuilt in 1938

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
AppliancesRange, Disposal, Dishwasher, Refrigerator
FlooringLaminate, Tile

Exterior

Lot Size7,000 sqft

Building Information

Year Built1938
Garage Spaces2

Land Information

APN0630740800003
Lot Number3
SubdivisionHighland Heights Annex
Land UseResidential
Legal DescriptionLT 3 BLK 4 HIGHLAND HEIGHTS ANNEX SEC 10
Census Tract531800
Assessed Land Value$82,500
Assessed Improvement Value$88,857
Assessment Year2025

About this property

PLEASE DO NOT DISTURB TENANTS! Properties being sold As-Is. Property features 4 houses (1207, 1209, 1211 & 1211 1/2 Homer). 1 Home needs a lot fo work - the other 3 are ready to lease. Seller will make no repairs! Two adjoining properties being sold together by the same owner. 1207 and 1211 Homer Street. 2 Homes currently leased - the other 2 are vacant. Property features 4 houses. (3) 2 bedroom/ 1 bathroom and (1) 3 bedrooms/1 bath home. Property can bring in $2450 w/ all units occupied. Great cash flow but rents can be raised with a little TLC to the Homes.

Investor Tools

Property Icon
$251,000
Estimated Property Value
$298,797Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$326,300
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,506 /month
Positive
Cash Flow Estimate:
$502 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$253/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,776
$171,357
2025
$82,500
$88,857
$171,357
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,776
$171,357

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Accelerated Funding Llc
Commercial
$328,450
No
First
Aug 26, 2021
Sep 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$298,797
N/A
0%
119%
$1,970/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,095/mo
$1,970/mo
$-875/mo
5.2%

Learn About the Market: Opportunity in Houston

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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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1207 Homer St | Property Details | No Agent List