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$213,000

NAL Estimated Property Value

1407 Fairbanks St, Houston, TX, 77009

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths950 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$242.11 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal
FlooringLaminate

Exterior

Lot Size5,001 sqft

Building Information

Year Built1945

Land Information

APN1328390010001
Lot Number1
Land UseResidential
Legal DescriptionLT 1 BLK 1 ROSSI PROPERTY
Census Tract210700
Assessed Land Value$150,000
Assessed Improvement Value$47,717
Assessment Year2025

About this property

Embrace Life, Commute Less! This delightful bungalow, just minutes from downtown, provides convenient access to major highways. It's a short distance from top attractions like sports stadiums, the theater district, and the Medical Center. The home boasts stunning hardwood floors throughout, a modern kitchen with granite countertops and new cabinets, as well as fresh tile and paint in every room. The roof is only two years old. With a four-car driveway, there’s ample parking, and the fully fenced property features a stylish wrought iron fence with an automatic driveway gate. Pedestrian gate is keyed. A 8'x8' storage shed is available in the backyard. Enjoy peaceful mornings sitting on the charming front porch with a cup of coffee, or unwind in the afternoon with a refreshing drink. Best of all, this home has never flooded! Don’t miss out on this cozy gem – schedule your showing today!

Investor Tools

Property Icon
$213,000
Estimated Property Value
$154,491Estimated Mortgage Balance
$58,509Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,380 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$402/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,764
$197,717
2025
$150,000
$47,717
$197,717
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,764
$197,717

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Angel Oak Mortgage Solutions Llc
Conventional
$157,500
No
First
Apr 11, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,491
$60,509
28%
73%
$945/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$945/mo
+$777/mo
9.7%

City: Houston

1407 Fairbanks St | Property Details | No Agent List