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Owner Contacts

$418,000

NAL Estimated Property Value

1422 Southwick Street, Houston, TX, 77080

$519,915 ARV

Off Market

5 Beds

3 Bath

2,527 Sq Ft

$154.29 / sqft

Built in 1964

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Trash Compactor, Microwave, Dishwasher

FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesBalcony

Lot Size10,751 sqft

Building Information

Year Built1964

Stories1

Garage Spaces2

Land Information

APN0904020000013

Lot Number13

Land UseResidential

Legal DescriptionLT 13 BLK 3 COUNTRY ESTATES

Census Tract522202

Assessed Land Value$155,625

Assessed Improvement Value$208,464

Assessment Year2025

About this property

PRICED TO SELL!! Investors/Buyers.. Beautiful Corner Lot settled near Memorial city mall and Memorial Hermann medical center, only minutes away from the City center and downtown. Completely remodeled with NEW extra living quarters separately fenced that offers 2 bedroom and 1 bath with separate entrance and parking. You will find new roof, paint, a/c, heating, all appliances, carpet, completely redone bath and both living rooms with new water lines. Along with total makeover of the exterior including new paint and extended driveway, sidewalk, Etc.. Huge totally fenced backyard with an newly extended back porch for all your outdoor activities. NO HOA FEES OR MAINTNACE FEES or any LOT RESTRICTIONS. This is the hidden GEM in the heart of Energy Corridor! that it can easily accommodate TWO families. Or investors rental dream that offers 2 in 1 rental opportunity. Hurry!! Schedule your showing today!

Investor Tools

$418,000

Estimated Property Value

$427,109Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$519,915

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,508 /month

Positive

Cash Flow Estimate:

$836 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$531/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,281

$364,089

2025

$155,625

$208,464

$364,089

Tax History

Year

Tax Paid

Assessed Value

2024

$4,281

$364,089

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Victorian Finance Llc

Conventional

$303,920

First

Apr 15, 2022

May 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$427,109

N/A

102%

$2,723/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$2,723/mo

$-1,001/mo

4.9%

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