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$239,000

NAL Estimated Property Value

1601 S Shepherd Dr Apt 58, Houston, TX, 77019

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths850 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$294.12 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringBamboo, Carpet, Tile

Building Information

Year Built1978
Stories2

Land Information

APN1141710010007
SubdivisionRiver Oaks Gardens Condo 3rd Amend
Land UseResidential
Legal DescriptionTH 58 BLDG B .004327 INT COMMON LAND & ELE RIVER OAKS GARDENS CONDO 3RD AMEND
Census Tract410401
Assessed Land Value$44,358
Assessed Improvement Value$189,105
Assessment Year2025

About this property

Located in the pulse of the River Oaks Shopping area, this cool, hip and stylish renovated 2-story condo with first floor living and a private patio features new bamboo wood flooring throughout the first floor as well as well a wood burning fireplace and half bath for your guests. The updated kitchen features quartz countertops, stainless appliances and updated cabinetry. The primary bedroom features new carpet (2022) and a spa like bath with new soaking tub and decorative tile surround. Vivant security system, Pex plumbing (2022), recessed lighting and new paint are other notable features of this posh unit. Fabulous location within minutes to trendy restaurants, bars, downtown and Buffalo Bayou.

Investor Tools

Property Icon
$239,000
Estimated Property Value
$116,985Estimated Mortgage Balance
$122,015Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$356/month
$354/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,072
$233,463
2025
$44,358
$189,105
$233,463
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,072
$233,463

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Conventional
$122,750
No
First
Oct 25, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$116,985
$116,478
49%
49%
$736/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,090/mo
+$550/mo
8.2%

Learn About the Market: Opportunity in Houston

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Explore

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 58 | Property Details | No Agent List