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Owner Contacts

$1,176,000

NAL Estimated Property Value

1234 Omar St, Houston, TX, 77008

Off Market

3 Beds

3 Bath

2,076 Sq Ft

Single Family Residence

$529.87 / sqft

Built in 1916

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesWater Heater, Disposal, Electric Oven, Oven, Electric Range, Dishwasher

FlooringTile, Wood

Exterior

Private Pool

Lot Size6,251 sqft

Building Information

Year Built1916

Garage Spaces2

Land Information

APN0350240450004

Lot Number4

SubdivisionStude

Land UseResidential

Legal DescriptionLT 4 BLK 45 STUDES SEC 2

Census Tract510400

Assessed Land Value$562,500

Assessed Improvement Value$599,357

Assessment Year2025

About this property

Welcome to 1234 Omar, this is the one you have been waiting for! This picture-perfect Heights bungalow was extensively renovated in 2019* and is situated on a 6,250 sf lot w/ a pool plus yard space, has a full garage apartment (additional 472 sf per appraisal) and is zoned to Harvard Elementary! This impressive home offers a fantastic floor plan w/ 3 bedrooms, 2.5 baths, formal living & dining, 2nd living w/ vaulted ceiling overlooking the backyard, an open kitchen w/ quartzite counters, primary suite w/ walk-in closet & luxurious bath & a loft space that would be a great office! The outdoor space is equally as impressive w/ a saltwater & heated pool (2021*), turfed front & back yards & the garage space has been converted into an outdoor living space complete with Cloplay glass overhead door! Gated driveway fits 2 cars. 1 bed garage apartment w/ kitchen is perfect for guests! Just a few blocks from the Hike & Bike Trail & walkable to restaurants- this home truly has it all!*per seller

Investor Tools

$1,176,000

Estimated Property Value

$824,804Estimated Mortgage Balance

$351,196Estimated Equity

29% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$7,056 /month

Positive

Cash Flow Estimate:

$2,352 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,018/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$18,341

$1,161,857

2025

$562,500

$599,357

$1,161,857

Tax History

Year

Tax Paid

Assessed Value

2024

$18,341

$1,161,857

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Wells Fargo Bank Na

Conventional

$862,500

First

May 31, 2023

Jun 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$824,804

$351,196

29%

70%

$4,828/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,230/mo

$4,828/mo

$-2,598/mo

2.3%

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