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$703,407

NAL Estimated Property Value

1223 Rutland St, Houston, TX, 77008

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,032 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$4.07 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Oven, Microwave, Gas Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher
FlooringMarble, Wood

Exterior

Lot Size6,599 sqft

Building Information

Year Built1940
Stories1
Garage Spaces2

Land Information

APN0201790000011
Lot Number11
SubdivisionHouston Heights
Land UseResidential
Legal DescriptionLT 11 & TR 12A BLK 183 HOUSTON HEIGHTS
Census Tract511301
Assessed Land Value$594,000
Assessed Improvement Value$109,407
Assessment Year2025

About this property

Step into this charming 1940s bungalow nestled in the heart of the Heights! Perfectly positioned on a wide, sidewalk-lined street, this home offers the ideal blend of historic charm and modern comfort. Enjoy being just steps away from the Heights Hike & Bike Trail, top-rated restaurants like Loro and Sofia, and local shops. Inside, you’ll find timeless hardwood floors (no carpet!), a spacious island kitchen with quartz countertops, a pantry, stainless steel appliances, utility room, and generous storage. The elegant bathroom features marble countertops, double sinks, and finishes that bring a touch of luxury to everyday living. Both bedrooms are comfortably sized with great closet space (a rarity in the Heights). The backyard offers plenty of room to relax, and garage fits two cars. Nested on top of the garage is a one bedroom apartment with full kitchen and utility. This move-in ready home has been thoughtfully updated throughout—just bring your furniture and make it yours!

Investor Tools

Property Icon
$703,407
Estimated Property Value
$402,008Estimated Mortgage Balance
$301,399Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,220 /month
Positive
Cash Flow Estimate:
$1,407 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,220/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,123
$703,407
2025
$594,000
$109,407
$703,407
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,123
$703,407

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Delmar Financial Co
Conventional
$307,172
No
First
Jun 12, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$402,008
$301,399
42%
57%
$2,711/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$2,711/mo
$-1,021/mo
2.9%

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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1223 Rutland St | Property Details | No Agent List