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$555,000

NAL Estimated Property Value

1506 Ovid Street, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,422 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$376.23 / sqft
Year BuiltBuilt in 1926

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Dryer, Refrigerator, Washer

Exterior

Exterior FeaturesBalcony
Lot Size6,024 sqft

Building Information

Year Built1926

Land Information

APN1398730010003
Lot Number3
Land UseResidential
Legal DescriptionLT 3 BLK 1 TRUXILLO GARDENS
Census Tract510100
Assessed Land Value$391,690
Assessed Improvement Value$163,310
Assessment Year2025

About this property

Here is a great opportunity to own two completely remodeled historic houses on an oversized lot in a destination neighborhood, the First Ward Arts District. Currently, the houses are successful Airbnbs. You could also buy and hold, or live in one and rent the other to help offset the note. There isn't a thing to do but move in! You will be one block from the amazing hike and bike trail, which will take you easily through the neighborhood to the Heights, Buffalo Bayou Park, Downtown, EaDo and many more destinations. It's also an easy walk to several art galleries and studios, breweries, and a metric ton of fantastic restaurants. Both houses feature modern plumbing and wiring, metal roofs, washer and dryer, energy efficient windows and tankless water heaters. Come take a look, would you?

Investor Tools

Property Icon
$555,000
Estimated Property Value
$0Estimated Mortgage Balance
$555,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,330 /month
Positive
Cash Flow Estimate:
$1,110 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,091/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,315
$555,000
2025
$391,690
$163,310
$555,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,315
$555,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$555,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
N/A
+$1,960/mo
4.2%

City: Houston

1506 Ovid Street | Property Details | No Agent List