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Owner Contacts

$882,232

NAL Estimated Property Value

1304 Ashland St, Houston, TX, 77008

Off Market

2 Beds

1 Bath

912 Sq Ft

$822.37 / sqft

Built in 1920

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Garage Available

Heating

AppliancesOven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Refrigerator

FlooringWood

Exterior

Lot Size8,712 sqft

Building Information

Year Built1920

Garage Spaces3

Land Information

APN0201710000022

Lot Number22,23

SubdivisionHouston Heights

Land UseResidential

Legal DescriptionLTS 22 & 23 BLK 175 HOUSTON HEIGHTS

Census Tract511301

Assessed Land Value$784,080

Assessed Improvement Value$98,152

Assessment Year2025

About this property

Countless possibilities on an oversized Houston Heights lot that’s only 2 blocks from the Heights Hike & Bike Trail. This centrally located lot includes a lovely main bungalow (2 BR, 1 BA, 912 SF), a smaller secondary home (1 BR, 1 BA, 480 SF), and 2 garage apartments (both 1 BR, 1 BA, 380 SF) for a total of 2152 SF of living space. A few of the many possibilities include: tear down garage/garage apts, expand the main bungalow AND add a pool, then use secondary home as guest house, pool house, or vacation rental property; rent out all 4 spaces; live in the main bungalow and rent out the other 3 spaces. This is your chance to get creative in a prime Heights location that provides a lot of rental income potential! Main house has a delightful private deck. Garage apts are above a 3+ car garage. Heights Blvd. jogging trail, Milroy Park, Love Park, Loro, Trattoria Sofia, Eight Row Flint, Lola, EQ Heights, Bacco, Savoir…all these & many more are within a few blocks.

Investor Tools

$882,232

Estimated Property Value

$686,933Estimated Mortgage Balance

$195,299Estimated Equity

22% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,293 /month

Positive

Cash Flow Estimate:

$1,764 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,633/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$15,188

$882,232

2025

$784,080

$98,152

$882,232

Tax History

Year

Tax Paid

Assessed Value

2020

$15,188

$882,232

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

American Pacific Mortgage Corp

$738,500

Yes

First

Aug 12, 2022

Sep 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$686,933

$195,299

22%

78%

$4,428/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,690/mo

$4,428/mo

$-2,738/mo

2.3%

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