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$1,024,000

NAL Estimated Property Value

121 Payne St, Houston, TX, 77009

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,464 Sq Ft
price_per_sqft$397.73 / sqft
Year BuiltBuilt in 1900

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator, Cooktop
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Lot Size5,249 sqft

Building Information

Year Built1900
Garage Spaces2

Land Information

APN0152150050021
SubdivisionGrota Home
Land UseResidential
Legal DescriptionTR 19 BLK 31 GROTA HOME
Census Tract510301
Assessed Land Value$525,000
Assessed Improvement Value$435,391
Assessment Year2025

About this property

Beautiful Home in Woodland Heights has it all from an outdoor area featuring a gorgeous heated POOL, dining area, storage closet, and plenty of green space. The welcoming front porch leads you into the foyer with dramatic windows. The open and functional floor plan features four bedrooms and three and a half bathrooms. The kitchen is every cook’s dream, with ample counter/prep space and tons of storage. This residence features the primary suite and a secondary bedroom downstairs and two additional bedrooms up. A spacious game room overlooks the pool. Zoned to Travis Elementary, one block from Woodland Park and minutes from the hike and trails. MUST SEE!

Investor Tools

Property Icon
$1,024,000
Estimated Property Value
$686,250Estimated Mortgage Balance
$337,750Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,144 /month
Positive
Cash Flow Estimate:
$2,048 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,724/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,564
$960,391
2025
$525,000
$435,391
$960,391
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,564
$960,391

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$726,200
No
First
May 31, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$686,250
$351,750
33%
67%
$4,354/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$4,354/mo
$-2,128/mo
2.6%

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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121 Payne St | Property Details | No Agent List