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B+
NoAgentList RatingHow are grades calculated? Info

$838,000

1209 Welch St # A, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,388 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$314.03 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size2,431 sqft

Building Information

Year Built2006
Garage Spaces2

Land Information

APN1252390010002
Lot Number2
SubdivisionRetreat Two
Land UseResidential
Legal DescriptionLT 2 BLK 1 RETREAT TWO
Census Tract410501
Assessed Land Value$230,945
Assessed Improvement Value$455,577
Assessment Year2025

About this property

Gorgeous light-filled 3 level 3BR/3.5 BA townhome in the heart of Montrose! Gated backyard oasis with refreshing pool & plenty of space to entertain/play/grill out. First level includes foyer, BR/Study with private en-suite & access to the backyard retreat. The stairway leading to the main level passes wall to ceiling windows overlooking the pool. Main level includes newly remodeled cook’s kitchen with fun and fresh custom cabinets, quartz counters & view of the pool, spacious dining area and living area with two sets of double french doors, balcony, gas fireplace & built-in bookcases and updated powder bath. Pass another set of floor to ceiling windows as you make your way to the 3rd level. You’ll find a spacious primary BR with updated & modern private bath including a freestanding tub and floating Restoration Hardware cabinetry & closet with built-ins & drawers. The third bedroom with view of the backyard and private en suite is large enough for a king bed and sitting or work area!

Investor Tools

Property Icon
$838,000
Estimated Property Value
$765,683Estimated Mortgage Balance
$104,437Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,028 /month
Positive
Cash Flow Estimate:
$1,676 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,175/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,906
$686,522
2025
$230,945
$455,577
$686,522
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,906
$686,522

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerant Mortgage Llc
Conventional
$765,683
No
First
Jul 27, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$733,563
$127,437
14%
88%
$4,229/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$4,229/mo
$-1,649/mo
3.7%

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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