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Owner Contacts

$265,771

NAL Estimated Property Value

1601 S Shepherd Dr Apt 244, Houston, TX, 77019

Off Market

2 Beds

2 Bath

956 Sq Ft

Condos / Townhouses

$230.02 / sqft

Built in 1978

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Refrigerator, Dishwasher, Washer/Dryer

FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesBalcony, Storage, Courtyard

Building Information

Year Built1978

Stories1

Land Information

APN1141710100016

SubdivisionRiver Oaks Gardens Condo 3rd Amend

Land UseResidential

Legal DescriptionTH 244 BLDG K .004977 INT COMMON LAND & ELE RIVER OAKS GARDENS CONDO 3RD AMEND

Census Tract410401

Assessed Land Value$50,496

Assessed Improvement Value$215,275

Assessment Year2025

About this property

Charming second floor condo located in the River Oaks Gardens community. Very well maintained pet friendly complex with 24 hour manned gate and patrol. Excellent location! This recently updated (4/21) condo offers two generous bedrooms with fresh carpet, formal living room w/wood burning fireplace and recent laminate wood floors (11/21), formal dining room with laminate wood floors (11/21), a large built in display cabinet, and a large private balcony. Both bathrooms have quartz topped shaker style vanities, replaced toilets, and modern fixtures. The kitchen has shaker style soft close cabinets and quartz counter tops, recent (4/21) stainless appliances, and modern fixtures. Large private shaded balcony overlooks the courtyard. Beautiful landscaping throughout the complex and a large residents swimming pool. Make this your new home today!

Investor Tools

$265,771

Estimated Property Value

$111,829Estimated Mortgage Balance

$153,942Estimated Equity

57% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,595 /month

Positive

Cash Flow Estimate:

$532 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$418/month

$369/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,688

$265,771

2025

$50,496

$215,275

$265,771

Tax History

Year

Tax Paid

Assessed Value

2024

$3,688

$265,771

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Summit Funding Inc

Conventional

$122,000

First

Dec 31, 2021

Feb 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$111,829

$153,942

57%

42%

$732/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$1,101/mo

+$859/mo

8.8%

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