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$797,000

NAL Estimated Property Value

1405 Michigan Street, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,540 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$255.87 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size3,123 sqft

Building Information

Year Built2021
Garage Spaces2

Land Information

APN0180300080002
Lot Number2
Land UseResidential
Legal DescriptionLT 2 BLK 1 HYDE PARK 9TH PAR R/P
Census Tract410402
Assessed Land Value$296,875
Assessed Improvement Value$419,468
Assessment Year2025

About this property

The Lisbon Floor Plan, built by Sandcastle Homes, is a freestanding, 2-story home in Montrose! The 1st floor offers an open-concept layout with a large living and dining area. Step into your dream kitchen featuring a huge island, plenty of cabinet space, and a walk-in pantry. Upstairs, you will find all of the bedrooms, as well as the utility room. The Master Bedroom boasts 2 separate generously sized walk-in closets and a gorgeous Master Bath. This home has a 2-car garage and a private driveway. Be blown away by the large back yard, custom cabinets, wood floors throughout the living and dining, and stairs, and Bosch stainless steel appliances. This home will be Move-In-Ready in November 2021.

Investor Tools

Property Icon
$797,000
Estimated Property Value
$502,541Estimated Mortgage Balance
$294,459Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,782 /month
Positive
Cash Flow Estimate:
$1,594 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,322/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,879
$716,343
2025
$296,875
$419,468
$716,343
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,879
$716,343

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eave Inc
Conventional
$548,250
No
First
Dec 13, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$502,541
$294,459
36%
63%
$3,288/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$3,288/mo
$-708/mo
3.9%

City: Houston

1405 Michigan Street | Property Details | No Agent List