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$783,395

NAL Estimated Property Value

1508 Rutland St, Houston, TX, 77008

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,212 Sq Ft
price_per_sqft$536.3 / sqft
Year BuiltBuilt in 1935

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringTile, Wood

Exterior

Exterior FeaturesBack Green Space
Lot Size6,599 sqft

Building Information

Year Built1935

Land Information

APN0201390000022
Lot Number22
SubdivisionHouston Heights
Land UseResidential
Legal DescriptionLT 22 & TR 23A BLK 143 HOUSTON HEIGHTS
Census Tract511301
Assessed Land Value$594,000
Assessed Improvement Value$189,395
Assessment Year2025

About this property

Welcome to the highly desired Heights lifestyle in this quintessential 2/1 bungalow! Inside, enjoy open concept living, dining, & kitchen areas with a multitude of windows allowing for lots of natural light. Two generous first floor bedrooms are connected by a full bathroom. Do not miss the unique second-story loft space that can be used as a 3rd bedroom, guest suite, home office, gym or climate-controlled storage. Convenient in-home laundry is just off of the kitchen. Outside, you will marvel at the mature trees that can be enjoyed from the expansive outdoor patio. Detached from the main home is a flex space with a bathroom, offering endless opportunities for guest quarters, a home office, studio, gym, etc. This full size 6,600 sf lot with convenient alley access offers endless options for expansion or new construction. Unbeatable location, walkable to nearby attractions including the Heights Hike & Bike Trail, 19th/20th Street nightlife, & numerous parks, restaurants, & shops.

Investor Tools

Property Icon
$783,395
Estimated Property Value
$0Estimated Mortgage Balance
$783,395Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,700 /month
Positive
Cash Flow Estimate:
$1,567 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,213/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,638
$783,395
2025
$594,000
$189,395
$783,395
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,638
$783,395

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$783,395
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
N/A
+$1,690/mo
2.6%

City: Houston

1508 Rutland St | Property Details | No Agent List