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$2,300

1605 Lamonte Ln, Houston, TX, 77018

PendingInfo
Beds2 Beds
Baths1 Bath
Baths1,172 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.96 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Gas Range, Refrigerator, Washer, Dishwasher
FlooringTile, Wood

Exterior

Lot Size7,200 sqft

Building Information

Year Built1950
Stories1
Garage Spaces1

Land Information

APN0731000350023
Lot Number23
SubdivisionOak Forest
Land UseResidential
Legal DescriptionLT 23 BLK 53 OAK FOREST SEC 6
Census Tract531100
Assessed Land Value$374,400
Assessed Improvement Value$20,015
Assessment Year2025

About this property

Remodeled, lovely Oak Forest bungalow offers light filled rooms, refinished hardwood floors throughout, recess lights. Kitchen is light and bright with newer appliances including Fridge, washer and dryer, granite countertops, new cabinets. The Extra room off kitchen which could be a dining area/study/sitting room. Good secondary storage in the hallway. Huge yard with patio and storage building. Close to parks, schools, eateries and shopping! Come see for yourself.

Investor Tools

$254,234Estimated Mortgage Balance
$142,766Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,382 /month
Positive
Cash Flow Estimate:
$794 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$845/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,160
$394,415
2025
$374,400
$20,015
$394,415
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,160
$394,415

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Bank
Conventional
$280,000
No
First
Sep 30, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$254,234
$142,766
35%
64%
$1,679/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,679/mo
+$43/mo
5.2%

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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1605 Lamonte Ln | Property Details | No Agent List