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$661,000

1348 Alexander St, Houston, TX, 77008

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,268 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$288.8 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1,816 sqft

Building Information

Year Built2023
Garage Spaces1

Land Information

APN1468150010001
Lot Number1
Land UseResidential Single Family
Legal DescriptionLT 1 BLK 1 RIVERWAY HEIGHTS ON ALEXANDER
Census Tract511301
Assessed Land Value$163,530
Assessed Improvement Value$481,470
Assessment Year2025

About this property

**Just Completed!** This stunning home, built by Riverway Homes, is now ready for its new owner. Featuring custom finishes, private driveways, and spacious yards, this property offers the best of both style and comfort. Inside, you’ll find beautiful hardwood floors, custom cabinetry, and a Texas-sized island that anchors the open-concept layout—perfect for entertaining. Homes in this area are selling quickly, so don’t miss out. Contact the listing agent for more details!

Investor Tools

Property Icon
$661,000
Estimated Property Value
$500,000Estimated Mortgage Balance
$172,061Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,966 /month
Positive
Cash Flow Estimate:
$1,322 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$570/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,539
$645,000
2025
$163,530
$481,470
$645,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,539
$645,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sirva Mortgage Inc
Conventional
$500,000
No
First
Feb 7, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$488,939
$172,061
26%
74%
$2,998/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$2,998/mo
$-768/mo
4.0%

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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1348 Alexander St | Property Details | No Agent List