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Owner Contacts

$487,852

NAL Estimated Property Value

1505 Reinerman Street, Houston, TX, 77007

Off Market

3 Beds

4 Bath

2,707 Sq Ft

Condos / Townhouses

$155.15 / sqft

Built in 2007

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringCarpet, Concrete, Tile, Wood

Exterior

Exterior FeaturesBalcony

Lot Size1,573 sqft

Building Information

Year Built2007

Garage Spaces2

Land Information

APN1286470010002

Lot Number2

Land UseResidential

Legal DescriptionLT 2 BLK 1 MISSION VILLAS AT REINERMAN STREET

Census Tract510602

Assessed Land Value$133,705

Assessed Improvement Value$354,147

Assessment Year2025

About this property

Gorgeous Mediterranean Home in Rice-Military/Washington Corridor. Home boasts a doublewide driveway for hassle free guest parking! Enter thru the custom iron & glass doors and you are greeted with a gorgeous floating, curved staircase and entry way that looks up to all 3 floors. Kitchen is complete with stainless steel appliances (including refrigerator), household task desk, built in wine rack and walk-in pantry. All bedrooms have private en suite baths. Primary Bathroom is oversized with double vanities, Jetted Tub and walk in Shower. The Primary Closet is enormous and features a secret room off it that can be used as an office, workout room or nursery. This home is in a "Quiet Zone" for the train and includes the Washer, Dryer and Refrigerator.

Investor Tools

$487,852

Estimated Property Value

$342,362Estimated Mortgage Balance

$145,490Estimated Equity

29% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,927 /month

Positive

Cash Flow Estimate:

$976 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,049/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,153

$487,852

2025

$133,705

$354,147

$487,852

Tax History

Year

Tax Paid

Assessed Value

2024

$10,153

$487,852

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Movement Mortgage

Conventional

$380,000

First

Mar 29, 2021

Apr 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$342,362

$145,490

29%

70%

$2,279/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$2,279/mo

+$301/mo

6.3%

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