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$531,000

NAL Estimated Property Value

1223 W 16th B, Houston, TX, 77008

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,147 Sq Ft
Condos / TownhousesCondos / Townhouses

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Dishwasher

Exterior

Lot Size1,716 sqft

Building Information

Year Built2020
Garage Spaces2

Land Information

APN1395330010005
Lot Number5
Land UseResidential
Legal DescriptionLT 5 BLK 1 SHADY GARDENS
Census Tract511202
Assessed Land Value$94,490
Assessed Improvement Value$406,092
Assessment Year2025

About this property

Located in the highly desirable Greater Heights/Shady Acres, this house gives you the ability to walk to several different restaurants, bars, and other local businesses. The home features an oversized kitchen that is great for entertaining. The cabinets offer a vast amount of storage to keep the large island clutter-free. Great attention to detail was paid when selecting the finishes of this house. Whether it be the wooden floors throughout the common areas or the tile in the master bathroom, this house is truly a must-see! See photos for the beautiful interior packages. Come to see this house and the flow of this amazingly designed floor plan. All sizes are approximate and are to be verified by the buyer.

Investor Tools

Property Icon
$531,000
Estimated Property Value
$325,094Estimated Mortgage Balance
$205,906Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,186 /month
Positive
Cash Flow Estimate:
$1,062 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$779/month
$1,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,693
$500,582
2025
$94,490
$406,092
$500,582
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,693
$500,582

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$356,000
No
First
Oct 15, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$325,094
$205,906
38%
61%
$2,135/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$3,135/mo
$-905/mo
5.0%

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 W 16th B | Property Details | No Agent List