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$820,000

NAL Estimated Property Value

1407 Michigan St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,540 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$253.9 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
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

APN0180300080001
Lot Number1
Land UseResidential
Legal DescriptionLT 1 BLK 1 HYDE PARK 9TH PAR R/P
Census Tract410402
Assessed Land Value$296,875
Assessed Improvement Value$468,972
Assessment Year2025

About this property

The Lisbon floorplan built by Sandcastle Homes! Freestanding, two-story home in Montrose! The first floor offers an open-concept layout with a massive family room. Step into your dream kitchen with a large island and plenty of cabinet space. Upstairs, you will find two separate generously sized walk-in closets in the master bedroom, an open game room, and two additional secondary bedrooms. This home has a private driveway and a 2-car garage. Custom cabinets, wood floors throughout the living and dining, and stairs, Bosch stainless steel appliances, are just some of our standard features. This home will be move-in ready in September 2021.

Investor Tools

Property Icon
$820,000
Estimated Property Value
$386,867Estimated Mortgage Balance
$433,133Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,920 /month
Positive
Cash Flow Estimate:
$1,640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,266/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,097
$765,847
2025
$296,875
$468,972
$765,847
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,097
$765,847

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Chevron Fcu
Conventional
$400,000
No
First
Jul 15, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$386,867
$439,133
53%
47%
$2,399/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,399/mo
+$181/mo
3.8%

City: Houston

1407 Michigan St | Property Details | No Agent List