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B+
NoAgentList RatingHow are grades calculated? Info

$494,000

1509 Mcdonald St, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,139 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.19 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dryer, Refrigerator, Dishwasher, Washer
FlooringTile, Wood, Vinyl

Exterior

Lot Size1,917 sqft

Building Information

Year Built1998
Stories3
Garage Spaces2

Land Information

APN0392000000185
SubdivisionCottage Grove
Land UseResidential
Legal DescriptionTS 182B & 183A COTTAGE GROVE SEC 5
Census Tract510602
Assessed Land Value$200,422
Assessed Improvement Value$200,688
Assessment Year2025

About this property

Freshly painted interior! ! No Carpet! This well maintained, free-standing home is located nearby Memorial Park and offers a private driveway! A few of the features include a spacious living/dining combo room with high ceiling & gas log fireplace, dry bar, an island kitchen w/gas cooking, built-in cabinets, walk-in closets & private outdoor space. Quick access to I-10, restaurants, shopping & nightlife. Ready for move in!

Investor Tools

Property Icon
$494,000
Estimated Property Value
$197,800Estimated Mortgage Balance
$353,434Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,964 /month
Positive
Cash Flow Estimate:
$988 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$892/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,233
$401,110
2025
$200,422
$200,688
$401,110
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,233
$401,110

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$197,800
No
First
Jul 9, 2013
Aug 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$140,566
$349,434
71%
28%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
N/A
+$2,580/mo
6.3%

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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1509 Mcdonald St | Property Details | No Agent List