Last 24 Hours
$572,000
NAL Estimated Property Value1308 Welch St, Houston, TX, 77006
Off Market
2 Beds
2 Bath
1,204 Sq Ft
Single Family Residence
$2.78 / sqft
Built in 1925Property Lead Type:
Absentee OwnerHigh EquityMove-In Ready
Highlights
Interior
Bedrooms 2
Bathrooms Full 1
Heating Central
CoolingAppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher
FlooringWood
Exterior
Lot Size4,352 sqft
Building Information
Year Built1925
Stories1
Land Information
APN0370880000075
Lot Number75
SubdivisionWestover
Land UseResidential
Legal DescriptionLT 75 WESTOVER
Census Tract410501
Assessed Land Value$478,500
Assessed Improvement Value$93,500
Assessment Year2025
About this property
Natural light, 10’-ceilings and original millwork abound in this historic 2-bedroom, 1.5 bath Montrose bungalow that was impeccably restored and updated in 2018. A farmhouse kitchen, clawfoot tub and spacious front porch evoke a simpler time, while a real backyard sets this property apart. Enjoy a fully fenced yard w/automatic driveway gate. Ideally located close to Downtown and the Med Center, near Buffalo Bayou Park, Whole Foods Market and the new bike lane on Waugh! All appliances included and landlord will maintain the yard. Pets accepted on a case-by-case basis. Move-in ready!
Investor Tools
$572,000
Estimated Property Value
$281,225Estimated Mortgage Balance
$290,775Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,432 /month
Positive
Cash Flow Estimate:
$1,144 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,340/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,224
$572,000
2025
$478,500
$93,500
$572,000
No
Tax History
Year
Tax Paid
Assessed Value
2024
$13,224
$572,000
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$314,000
No
First
Dec 29, 2020
Jan 2051
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,225
$290,775
50%
49%
$1,883/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,883/mo
+$77/mo
4.1%
12.4%