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Days27Days on Market
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$152,000

1518 Munger St, Houston, TX, 77023

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,071 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$141.92 / sqft
Year BuiltBuilt in 1935

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size6,251 sqft

Building Information

Year Built1935
Stories1
Garage Spaces1

Land Information

APN0542490000005
Lot Number5
SubdivisionBroadmoor
Land UseResidential
Legal DescriptionLT 5 BLK 13 BROADMOOR
Census Tract310600
Assessed Land Value$156,250
Assessed Improvement Value$54,798
Assessment Year2025

About this property

Classic 1935 brick bungalow situated on a 6,250 SF lot in the Broadmoor subdivision of Greater Eastwood. This 1,071 SF home features a functional 2-bedroom, 1-bathroom floor plan, a central living area with a masonry fireplace, and central electric cooling. The exterior boasts durable brick veneer siding and a fully detached frame garage providing covered vehicle storage alongside a deep driveway for off-street parking. Connected entirely to city utilities with no MUD taxes. Ideal central location inside the loop with rapid access to I-45, Downtown Houston and the University of Houston campus.

Investor Tools

Property Icon
$245,000
Estimated Property Value
$160,500Estimated Mortgage Balance
$162,959Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,470 /month
Positive
Cash Flow Estimate:
$490 /month

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Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$105/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$30
$211,048
2025
$156,250
$54,798
$211,048
No

Tax History

Year
Tax Paid
Assessed Value
2024
$30
$211,048

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Financial Freedom Senior Funding Corp
Reverse Mortgage / Hecm
$160,500
No
First
Dec 31, 2008
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$82,041
$162,959
66%
33%
$647/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$647/mo
+$660/mo
6.4%

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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1518 Munger St | Property Details | No Agent List