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$560,000

NAL Estimated Property Value

1340 Fairview Ave, Houston, TX, 77006

$643,654 ARVInfo
Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,768 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$173.05 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringCarpet, Wood

Exterior

Exterior FeaturesBalcony
Lot Size2,156 sqft

Building Information

Year Built1999
Stories3
Garage Spaces2

Land Information

APN0180430000001
SubdivisionHyde Park Extn
Land UseResidential
Legal DescriptionTR 1 BLK 1 HYDE PARK EXTN
Census Tract410501
Assessed Land Value$204,820
Assessed Improvement Value$308,180
Assessment Year2025

About this property

Location! It doesn't get better than this! Close to Downtown, Medical Center, shopping, restaurants, night life and so much more!! This small townhouse community is on a beautiful, treelined street in the heart of Montrose. Two large bedrooms with on suite baths, with two spaces that could easily convert into a third bedroom. The kitchen is opened up to a large living area, breakfast nook and a fantastic balcony directly off the dining room making it perfect for entertaining! Gorgeous office space on the first floor looking out onto a large fenced in side yard with a beautiful vine covered wrought iron fence. The primary bedroom is absolutely magnificent with a large seating area or additional office space. There is also a fourth floor landing that could easily be turned into a rooftop terrace with a beautiful view of downtown. This end unit brings in tons of natural light. New roof and other improvements in 2021-2022. Don't miss out on this very special property!!

Investor Tools

Property Icon
$560,000
Estimated Property Value
$305,933Estimated Mortgage Balance
$254,067Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$643,653
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,360 /month
Positive
Cash Flow Estimate:
$1,120 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$790/month
$630/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,677
$513,000
2025
$204,820
$308,180
$513,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,677
$513,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Momentum Bank
Conventional
$320,000
No
First
Jan 12, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$305,933
$249,067
44%
55%
$1,919/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,549/mo
+$31/mo
5.5%

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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1340 Fairview Ave | Property Details | No Agent List