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$320,000

NAL Estimated Property Value

1601 S Shepherd Dr Apt 13, Houston, TX, 77019

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths1,178 Sq Ft
price_per_sqft$267.32 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Refrigerator, Dishwasher, Washer/Dryer
FlooringWood

Exterior

Exterior FeaturesStorage

Building Information

Year Built1978
Stories2

Land Information

APN1141710180004
SubdivisionRiver Oaks Gardens Condo 3rd Amend
Land UseResidential
Legal DescriptionTH 13 BLDG S .006346 INT COMMON LAND & ELE RIVER OAKS GARDENS CONDO 3RD AMEND
Census Tract410401
Assessed Land Value$63,418
Assessed Improvement Value$256,582
Assessment Year2025

About this property

Beautifully updated two-story condo in the heart of River Oaks. This 2 bedroom/2.5 bath condo has beeen updated with hardwoods throughout, kitchen with stainless steel appliances, granite countertops, and new plumbing and light fixtures. The bathrooms have been updated with new tile floors, marble countertops, and large steam shower in master bath. Two assigned parking spaces under covered carport off of patio. Beautifully maintained grounds with private walkways and pool. Prime location that is within walking distance to River Oaks Shopping Center with restaurants, shopping, and a movie theatre.

Investor Tools

Property Icon
$320,000
Estimated Property Value
$262,842Estimated Mortgage Balance
$57,158Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$223/month
$466/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,081
$320,000
2025
$63,418
$256,582
$320,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,081
$320,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Republic State Mortgage Co
Conventional
$295,850
No
First
Aug 5, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$262,842
$57,158
17%
82%
$1,774/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,240/mo
$-280/mo
7.3%

Learn About the Market: Opportunity in Houston

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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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1601 S Shepherd Dr Apt 13 | Property Details | No Agent List