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$665,000

NAL Estimated Property Value

1401 Ashland St, Houston, TX, 77008

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,288 Sq Ft
price_per_sqft$485.25 / sqft
Year BuiltBuilt in 1926

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Dryer, Refrigerator, Washer
FlooringWood

Exterior

Exterior FeaturesSide Yard
Lot Size4,251 sqft

Building Information

Year Built1926
Stories1

Land Information

APN0201470000039
SubdivisionHouston Heights
Land UseResidential
Legal DescriptionTRS 17B & 18A BLK 151 HOUSTON HEIGHTS
Census Tract511301
Assessed Land Value$382,500
Assessed Improvement Value$178,218
Assessment Year2025

About this property

Spectacular updates and charm await in this thoroughly updated Heights 2BD/2BA craftsman on a corner lot. A fenced landscaped yard and covered porch welcome you inside to discover white oak floors, bright windows, and tall ceilings with crown molding, fans and recessed and designer lighting. Relax alongside lovely built-ins in the living room, entertain in the dining room and enjoy a renovated kitchen with custom cabinetry, marble and granite counters, SS appliances and adjacent lounge. The serene primary bedroom features a gorgeous en suite bath with a glass shower. A secondary bedroom and a guest bath with a clawfoot tub complete the layout. Outside, a wraparound yard with a deck, patio and new wood fencing welcomes al fresco dining. Updates include a new gas furnace, water heater, insulation, sheetrock/paint and closets, plus newer AC, roof and radiant barrier. Driveway with motorized gate. Outstanding location close to Heights dining, Hike and Bike Trail and M-K-T.

Investor Tools

Property Icon
$665,000
Estimated Property Value
$596,750Estimated Mortgage Balance
$68,250Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,990 /month
Positive
Cash Flow Estimate:
$1,330 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$955/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,137
$560,718
2025
$382,500
$178,218
$560,718
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$8,137
$560,718

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Midfirst Bank
Open End Mortgage / Open End With Future Advance Clause
$637,000
No
First
Dec 1, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$596,750
$70,250
10%
90%
$3,820/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$3,820/mo
$-2,130/mo
3.0%

Learn About the Market: Opportunity in Houston

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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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