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$495,000

NAL Estimated Property Value

1213 De Soto St, Houston, TX, 77091

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,305 Sq Ft
Year BuiltBuilt in 1940

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size43,429 sqft

Building Information

Year Built1940

Land Information

APN0551800000009
Lot Number9
SubdivisionHighland Heights Annex
Land UseResidential
Legal DescriptionLT 9 BLK 13 HIGHLAND HEIGHTS ANNEX SEC 2
Census Tract531800
Assessed Land Value$399,538
Assessed Improvement Value$46,665
Assessment Year2025

About this property

Prime 2-Acre Development Opportunity in a Dedicated Opportunity Zone Two adjacent parcels totaling ±2 acres, with over 120 ft of frontage, present a rare development opportunity in a rapidly growing area. Located outside the flood zone and within a federally designated Opportunity Zone, this combined site is ideal for a ±30-home residential project. Parcel 1 (055-180-000-0008): is fenced and cleared. Parcel 2 (055-180-000-0009): Features a partially wooded landscape and an existing single-family residence, which the seller is willing to remove upon buyer’s request. Surveys for both tracts are available and demonstrate the strong potential of this well-positioned land assembly. Whether you’re a builder, developer, or investor, this is a chance to capitalize on a high-growth corridor with strategic upside.

Investor Tools

Property Icon
$495,000
Estimated Property Value
$214,665Estimated Mortgage Balance
$280,335Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,600 /month
Positive
Cash Flow Estimate:
$2,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$390/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,206
$446,203
2025
$399,538
$46,665
$446,203
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,206
$446,203

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Bank Of New York Mellon Trust Co Na
Stand Alone Second / Subordinate Position
$106,400
No
First
Aug 10, 2017
Sep 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$214,665
$231,538
51%
43%
$1,508/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,508/mo
$-201/mo
3.2%

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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1213 De Soto St | Property Details | No Agent List