B+

NoAgentList RatingHow are grades calculated?

25Days on Market

1view

$162,500

$175,000

1404 Welch St Apt 2, Houston, TX, 77006

On Market

Price Drop

1 Beds

1 Bath

645 Sq Ft

Condos / Townhouses

$251.94 / sqft

Built in 1985

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesMicrowave, Dishwasher

FlooringLaminate, Tile

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1985

Land Information

APN1215260000002

Land UseResidential

Legal DescriptionUNIT 2 .125 INT COMMON LAND & ELE MUSGRAVE MEWS CONDO

Census Tract410402

Assessed Land Value$32,426

Assessed Improvement Value$138,238

Assessment Year2025

About this property

Beautiful condo located in the heart of Montrose featuring modern finishes, an open-concept layout, and views overlooking a peaceful courtyard with fountain. Located on the first floor, this home offers wood-look flooring, recessed and pendant lighting, oversized windows, and a spacious living and dining area perfect for entertaining. Kitchen features granite countertops, updated cabinetry, breakfast bar seating, stainless steel appliances, and ample storage. Spacious bedroom includes generous closet space and an updated bath with tiled shower/tub combo and modern vanity. Stackable washer/dryer comes with the unit, and located in the primary bedroom. Conveniently located within walking distance to River Oaks Shopping Center, dining, coffee shops, and some of Montrose’s most popular restaurants and entertainment. *LOW MONTHLY FEE includes water/sewer/trash/exterior insurance/and common area upkeep. Roof was replaced 2 years ago.

Investor Tools

$22,252Estimated Mortgage Balance

$150,748Estimated Equity

87% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,038 /month

Positive

Cash Flow Estimate:

$346 /month

Interested in this property?

Evan Compean

Compean Group

Contact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$212/month

$225/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,684

$170,664

2025

$32,426

$138,238

$170,664

Tax History

Year

Tax Paid

Assessed Value

2024

$1,684

$170,664

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

New Century Mortgage Corp

Unknown

$61,200

First

Nov 10, 2003

Dec 2033

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$22,252

$150,748

87%

13%

$367/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,640/mo

$592/mo

+$1,048/mo

11.4%

Learn About the Market: Opportunity in Houston

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 This Area