B+

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Owner Contacts

$346,846

NAL Estimated Property Value

1522 Drew St, Houston, TX, 77004

Off Market

2 Beds

2 Bath

1,858 Sq Ft

Condos / Townhouses

$182.45 / sqft

Built in 2002

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

Exterior

Lot Size1,951 sqft

Building Information

Year Built2002

Stories3

Garage Spaces2

Land Information

APN0190830010004

Lot Number4

SubdivisionHolman Outlot 19 Par R/P

Land UseResidential

Legal DescriptionLT 4 BLK 1 HOLMAN OUTLOT 19 PAR R/P

Census Tract312501

Assessed Land Value$77,265

Assessed Improvement Value$269,581

Assessment Year2025

About this property

Charming and contemporary town home located near 288/ I-45 exchange in central Midtown with extra street parking for guest. On Drew St you get beautiful tree lined avenues just a few blocks south of Downtown, along with easy access to popular restaurants and nightlife. 2 bedrooms and 2 full baths. 2 car garage with guest bedroom on the 1st floor. Open concept living, dining and kitchen on the 2nd. The primary bed and bath are on the 3rd floor, as well as, a nice study/media room. Close to all the sports and concert venues plus the zoo, parks, METRO rail and museum/ theatre district. Also, close to HCC, UH, TSU and Rice. This home features a kitchen island, wood flooring, vaulted ceilings. A gated front courtyard area and inside it comes with stainless steel kitchen appliances. Also, Low HOA fee that covers the landscaping for the property.

Investor Tools

$346,846

Estimated Property Value

$259,746Estimated Mortgage Balance

$87,100Estimated Equity

25% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,081 /month

Positive

Cash Flow Estimate:

$694 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$471/month

$200/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,919

$346,846

2025

$77,265

$269,581

$346,846

Tax History

Year

Tax Paid

Assessed Value

2024

$3,919

$346,846

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Republic State Mortgage Co

Conventional

$264,000

First

Jun 24, 2025

Aug 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$259,746

$87,100

25%

75%

$1,583/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$1,783/mo

$-476/mo

4.5%

Learn About the Market: Opportunity in Houston

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