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$450,000

1605 Mcdonald Street, Houston, TX, 77007

On MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,225 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$202.25 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dryer, Washer, Dishwasher, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size1,437 sqft

Building Information

Year Built2000
Garage Spaces2

Land Information

APN1207530010007
Lot Number7
SubdivisionAlana Park
Land UseResidential
Legal DescriptionLT 7 BLK 1 ALANA PARK
Census Tract510602
Assessed Land Value$173,567
Assessed Improvement Value$266,200
Assessment Year2025

About this property

Make this your home in a desirable neighborhood with this 3-bedroom, 3.5-bath townhouse at Alana Park. Spread across three levels, this property offers an excellent opportunity to upgrade and personalize to your taste. Featuring wood and tile flooring, built-in shelving, a cozy fireplace, and abundant natural light, the home exudes comfort and potential. The kitchen is equipped with granite countertops, a breakfast bar, pantry, and ample storage, ideal for both daily meals and entertaining. The serene primary suite offers soaring ceilings, a private balcony, dual vanities, a walk-in closet, soaking tub, and separate shower. Each secondary bedroom has its own en-suite bath for added privacy. Enjoy outdoor space or explore nearby Memorial Park and Buffalo Bayou Park. With quick access to I-10, I-610, and I-45, you're minutes from The Galleria, River Oaks, Rice Village, and Downtown. Zoned to Houston ISD, this home is perfectly located for both convenience and opportunity.

Investor Tools

Property Icon
$446,000
Estimated Property Value
$0Estimated Mortgage Balance
$365,422Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

Interested in this property?

Marta Peralta

Keller Williams Realty Metropolitan

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$722/month
$820/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,429
$439,767
2025
$173,567
$266,200
$439,767
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,429
$439,767

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America National Assn
Credit Line (Revolving) / Heloc
$31,131
No
First
N/A
Oct 2017

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$80,578
$365,422
81%
18%
$1,126/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$1,946/mo
+$634/mo
6.9%

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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