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$258,000

NAL Estimated Property Value

1601 S Shepherd Dr Apt 259, Houston, TX, 77019

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths956 Sq Ft
price_per_sqft$277.2 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Microwave, Free-Standing Range, Refrigerator, Dishwasher, Oven
FlooringLaminate

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1978
Stories1

Land Information

APN1141710050009
SubdivisionRiver Oaks Gardens Condo 3rd Amend
Land UseResidential
Legal DescriptionTH 259 BLDG F .004977 INT COMMON LAND & ELE RIVER OAKS GARDENS CONDO 3RD AMEND
Census Tract410401
Assessed Land Value$46,041
Assessed Improvement Value$196,279
Assessment Year2025

About this property

COMPLETELY REMODELED CONTEMPORARY UNIT WITH GORGEOUS GREY HUES ,RECESSED LIGHTING,PENDANTS LIGHTS , MODERN KITCHEN AND UPDATED BATHROOMS.UNIT IS ON THE 2ND FLOOR AND EVEN HAS A BALCONY TO SIT AND RELAX. THE THE COZY AND YET MODERN HOME HAS AN OPEN CONCEPT KITCHEN WITH EXPANSIVE GRANITE COUNTER TOPS,WHITE CABINETS ,MODERN FAUCET AND STAINLESS STEEL APPLIANCES.THE LIGHT AND BRIGHT LIVING ROOM EVEN HAS A GRANITE ACCENT FIREPLACE AND A DOOR LEADING TO THE BALCONY THAT HAS A STORAGE CABINET .THE CUTE BATHROOMS HAVE VESSEL SINKS,GRANITE COUNTERS, NEW FIXTURES ,TOILETS AND VANITIES.NOTHING TO DO HERE. JUST MOVE IN.LOCATED IN THE PRESTIGIOUS DISTRICT OF RIVER OAKS WITH WALKING DISTANCE TO RESTAURANTS , EATERIES , SHOPPING AND MINUTES AWAY FROM DOWNTOWN HOUSTON.

Investor Tools

Property Icon
$258,000
Estimated Property Value
$0Estimated Mortgage Balance
$258,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$441/month
$425/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,000
$242,320
2025
$46,041
$196,279
$242,320
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,000
$242,320

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$246,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$425/mo
+$1,535/mo
9.1%

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 259 | Property Details | No Agent List