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$1,600

1601 S Shepherd Dr Apt 22, Houston, TX, 77019

PendingInfo
Beds1 Beds
Baths1 Bath
Baths847 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.89 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Electric Oven, Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher
FlooringTile, Vinyl Plank

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1978
Stories1

Land Information

APN1141710160007
SubdivisionRiver Oaks Gardens Condo 3rd Amend
Land UseResidential
Legal DescriptionTH 219 BLDG Q .004545 INT COMMON LAND & ELE RIVER OAKS GARDENS CONDO 3RD AMEND
Census Tract410401
Assessed Land Value$37,480
Assessed Improvement Value$159,784
Assessment Year2025

About this property

Experience effortless lock-and-leave living with convenient community amenities, including 24/7 on-site security, front-door trash pickup, full exterior maintenance, and professionally maintained landscaping. The community is designed for low-maintenance living, with assigned covered parking conveniently located near the unit and dedicated visitor parking monitored by security. Located in the heart of River Oaks, residents are approximately a 5-minute walk from shopping, dining, and entertainment, including River Oaks District and the historic River Oaks Theatre. This second-floor corner unit offers a bright and private layout with a fenced private balcony. The home is move-in ready and includes all appliances.

Investor Tools

$57,484Estimated Mortgage Balance
$201,000Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,206 /month
Positive
Cash Flow Estimate:
$402 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$429/month
$470/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,137
$197,264
2025
$37,480
$159,784
$197,264
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,137
$197,264

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Home Mortgage Inc
Fha
$118,340
Yes
First
Jul 31, 2003
Aug 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$57,484
$161,516
73%
29%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$470/mo
+$1,170/mo
9.8%

City: Houston

1601 S Shepherd Dr Apt 22 | Property Details | No Agent List