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$301,565

NAL Estimated Property Value

1308 Avenue M, South Houston, TX, 77587

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,981 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$133.77 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher

Exterior

Lot Size13,499 sqft

Building Information

Year Built1964
Stories1
Garage Spaces2

Land Information

APN0340970920005
Lot Number5,6
SubdivisionSouth Houston
Land UseResidential
Legal DescriptionLTS 5 & 6 BLK 192 SOUTH HOUSTON
Census Tract321402
Assessed Land Value$92,880
Assessed Improvement Value$208,685
Assessment Year2025

About this property

Come view this house with land on 2 /12 lots. An opportunity to own a unique property like this one doesn't come around very often. This property includes Travertine tile, also original wood floors. Huge living room! Custom cabinets with exotic granite. New backsplash, fixtures and stainless steel appliances! Huge washer and dryer room almost the same size as some of the bedrooms. Walk in closet with purse and shoe racks. Tile surround shower in the master bathroom including the ceiling tiled. Driveway that goes all the way to the back fence of the yard. Can fit 11-13 vehicles. A remodel done by a great designer. This house is ready to move in and is wanting you in it. Welcome home.

Investor Tools

Property Icon
$301,565
Estimated Property Value
$219,025Estimated Mortgage Balance
$82,540Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,809 /month
Positive
Cash Flow Estimate:
$603 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$420/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,530
$301,565
2025
$92,880
$208,685
$301,565
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,530
$301,565

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
East West Bank
Conventional
$238,500
No
First
Jan 14, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$219,025
$82,540
27%
73%
$1,430/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,430/mo
+$292/mo
6.9%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: South Houston

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1308 Avenue M | Property Details | No Agent List