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$346,000

NAL Estimated Property Value

1502 Scharpe St, Houston, TX, 77023

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,792 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.03 / sqft
Year BuiltBuilt in 1923

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesGas Oven, Gas Cooktop, Gas Range, Dryer, Refrigerator, Washer

Exterior

Lot Size6,251 sqft

Building Information

Year Built1923
Stories2

Land Information

APN0542510000001
Lot Number1
SubdivisionBroadmoor
Land UseResidential
Legal DescriptionLT 1 BLK 15 BROADMOOR
Census Tract310600
Assessed Land Value$156,250
Assessed Improvement Value$181,716
Assessment Year2025

About this property

Beautiful 2 story home, with 4 bedrooms, 2 baths. The 5th bedroom is downstairs and can be used as an office or game room. Formal living and dining area and hardwoods throughout. Corner lot, with great location, easy access to 45, downtown, University of Houston.

Investor Tools

Property Icon
$346,000
Estimated Property Value
$562,164Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,076 /month
Positive
Cash Flow Estimate:
$692 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$707/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,752
$337,966
2025
$156,250
$181,716
$337,966
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,752
$337,966

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Success Mortgage Partners Inc
Conventional
$284,240
No
First
May 2, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$562,164
N/A
0%
162%
$3,432/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$3,432/mo
$-1,206/mo
7.7%

Learn About the Market: Opportunity in Houston

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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 Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1502 Scharpe St | Property Details | No Agent List