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$407,000

1221 Wagner St, Houston, TX, 77007

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,831 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$228.84 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Oven, Microwave, Free-Standing Range, Gas Cooktop, Dishwasher
FlooringSlate, Tile, Wood

Exterior

Lot Size1,599 sqft

Building Information

Year Built2013
Garage Spaces1

Land Information

APN1332010010003
Lot Number3
Land UseResidential
Legal DescriptionLT 3 BLK 1 CITY VIEW LOFTS AT WAGNER
Census Tract510202
Assessed Land Value$136,000
Assessed Improvement Value$258,234
Assessment Year2025

About this property

This well designed 2 BR/2.5 BA soft contemporary home is privately situated on a corner lot in the heart of Rice Military. The home features high ceilings, amazing natural light, neutral finishes, & functional space. A guest bedroom w/ ensuite bath is located on the 1st floor & offers access to spacious outdoor space w/ pavers & artificial turf. The 2nd floor open concept living features HW floors, powder room, dry bar, & can accommodate multiple arrangements w/ oversized furniture. A well-appointed kitchen features a large island w/ breakfast bar & built-in sink, SS appliances, & great storage. The 3rd floor primary retreat has private access to a large balcony & offers great natural light, a large walk-in closet, & loft area which is great for a home office or gym. The spa-like primary bath features dual sinks, walk-in shower, jetted tub, & private water closet. Conveniently located near many of the best shopping & dining venues Houston has to offer, this home will not disappoint.

Investor Tools

Property Icon
$407,000
Estimated Property Value
$305,000Estimated Mortgage Balance
$117,793Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,514 /month
Positive
Cash Flow Estimate:
$838 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$631/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,543
$394,234
2025
$136,000
$258,234
$394,234
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,543
$394,234

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Republic State Mortgage Co
Conventional
$305,000
No
First
Jul 21, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$289,207
$128,793
30%
71%
$1,829/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,829/mo
+$131/mo
5.8%

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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