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$2,122,000

NAL Estimated Property Value

1402 Banks Street, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,311 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$330.72 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Private PoolPrivate Pool
Lot Size6,299 sqft

Building Information

Year Built1992
Garage Spaces2

Land Information

APN0731210000008
Lot Number8
SubdivisionRanch Estates
Land UseResidential
Legal DescriptionLT 8 RANCH ESTATES
Census Tract411901
Assessed Land Value$738,000
Assessed Improvement Value$455,056
Assessment Year2025

About this property

Welcome to 1402 Banks Street. This classic traditional 3-bedroom plus office offers a perfect blend of style, comfort, and convenience. High ceiling entry, with stairs case to the second-floor landing. The heart of the home is the well-equipped kitchen, perfect for culinary enthusiasts, and overlooks the sparkling pool and professional outdoor kitchen. The downstairs has beautiful original hardwoods throughout the living and dining—a large master suite with fireplace, separate tub and shower, and lots of closet space. The owners built an amazing addition over the garage that would be perfect for an office, game room, or quarters. It has high ceilings, a large open loft, a private balcony overlooking the pool as well as a separate entrance. This location does NOT get any better! Minutes walk to Rice U, The Med Center, and Super close to downtown, Montrose, West U, and the Galleria.

Investor Tools

Property Icon
$2,122,000
Estimated Property Value
$180,207Estimated Mortgage Balance
$1,941,793Estimated Equity
91% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,732 /month
Positive
Cash Flow Estimate:
$4,244 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,194/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,718
$1,193,056
2025
$738,000
$455,056
$1,193,056
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,718
$1,193,056

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$184,000
No
First
Mar 7, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$180,207
$1,941,793
91%
8%
$1,104/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$1,104/mo
+$1,476/mo
1.5%

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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1402 Banks Street | Property Details | No Agent List