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$681,000

NAL Estimated Property Value

1215 Northwood Street, Houston, TX, 77009

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,739 Sq Ft

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2,862 sqft

Building Information

Year Built2024
Garage Spaces2

Land Information

APN1420860010003
Lot Number3
Land UseResidential Single Family
Legal DescriptionLT 3 BLK 1 ESTATES AT NORTHWOOD
Census Tract511600
Assessed Land Value$185,900
Assessed Improvement Value$448,922
Assessment Year2025

About this property

Property has been subdivided into 3 lots. See attachments. Don't miss this outstanding investment opportunity in a coveted corner lot near Greater Heights, offering immense potential for residential development. Located conveniently just 10 minutes from downtown Houston, this property is surrounded by numerous businesses and eateries, with swift access to FWY 45 and FWY 610. The location is unbeatable: a short walk to Montie Park, only a mile to the Farmers Market, a quick 10-minute drive to downtown, and 5 minutes away from the historic Heights area, bustling with restaurants, bars, and shops. This is your chance to be at the heart of all that Houston has to offer.

Investor Tools

Property Icon
$681,000
Estimated Property Value
$762,580Estimated Mortgage Balance
$681,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,086 /month
Positive
Cash Flow Estimate:
$1,362 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$608/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,890
$634,822
2025
$185,900
$448,922
$634,822
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,890
$634,822

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$768,150
No
First
Dec 5, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$762,580
N/A
0%
112%
$4,606/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$4,606/mo
$-2,884/mo
3.0%

City: Houston

1215 Northwood Street | Property Details | No Agent List