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$319,900

$329,900

122 E 31st 1/2 Street, Houston, TX, 77018

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,545 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$207.06 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

BankruptcyDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Range, Dishwasher

Exterior

Lot Size5,001 sqft

Building Information

Year Built2024

Land Information

APN0621390000059
Lot Number59,60
Land UseResidential
Legal DescriptionLTS 59 & 60 STARKWEATHER
Census Tract530300
Assessed Land Value$140,000
Assessed Improvement Value$403,544
Assessment Year2025

About this property

122 E 31st 1/2 St is under contract, but 124 E 31st 1/2 St is available. BUYDOWN OPTIONS AVAILABLE. Located right next to Garden Oaks and Whole Foods. Low maintenance yard with a nicely designed landscaping that doesn't require yard cutting. It's beautifully designed and built to meet City of Houston Historic guidelines for Independence Heights. Interior has 10' ceilings, real wood double pane windows, high end cabinetry and finishes, high-end flooring, spacious bathrooms, & 3 generously sized bedrooms. This 2025 construction home is conveniently located right next to Garden Oaks, Oak Forest, Whole Foods, 610, and so much more. Primary bedroom suite features a sliding glass door that leads you into the bathroom, with a private water closet, an abundance of high end cabinetry, and an oversized shower with designer tile and 2 shower heads. Kitchen comes with a gas range and SS fridge, microwave, and dishwasher. There's recessed lighting throughout the interior, and front up-lighting

Investor Tools

$497,084Estimated Mortgage Balance
$46,460Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,261 /month
Positive
Cash Flow Estimate:
$1,087 /month

Interested in this property?

Evan Compean

Compean Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$471/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,929
$543,544
2025
$140,000
$403,544
$543,544
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,929
$543,544

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quest Trust Co
Stand Alone Second / Subordinate Position
$195,000
No
First
Jan 7, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$497,084
$46,460
8%
91%
$3,179/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$3,179/mo
$-1,457/mo
3.8%

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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122 E 31st 1/2 Street | Property Details | No Agent List