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$295,631

NAL Estimated Property Value

1219 Banks St Apt 7, Houston, TX, 77006

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths963 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$310.49 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Washer/Dryer
FlooringSlate

Building Information

Year Built1962
Garage Spaces1

Land Information

APN1368090000007
Land UseResidential
Legal DescriptionUNIT 7 .1509 INT COMMON LAND & ELE 1219 RESIDENCES CONDO
Census Tract411901
Assessed Land Value$56,170
Assessed Improvement Value$239,461
Assessment Year2025

About this property

Conveniently located to the Houston Medical Center, universities, major grocery stores, and all the shops and restaurants in Rice Village along with wonderful walkability of both North and South Boulevards are just a few benefits this home has to its future owners. Modern from the outside, traditional on the inside. This unit mixes the two themes elegantly, with stainless appliances, sprawling tile floors, and large windows that flood the space with natural light. A spacious master, sunroom, and serving station in the kitchen are just a few of the magnificent features this home has to offer. You will be minutes away from Houston’s Museum District, home to art for every taste, and more restaurants than you could imagine! The perfect location for the perfect home.

Investor Tools

Property Icon
$295,631
Estimated Property Value
$0Estimated Mortgage Balance
$295,631Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$639/month
$366/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,186
$295,631
2025
$56,170
$239,461
$295,631
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,186
$295,631

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$295,631
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$366/mo
+$1,594/mo
8.0%

Learn About the Market: Opportunity in Houston

Local Market Pages
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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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1219 Banks St Apt 7 | Property Details | No Agent List