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$212,000

1605 Warwick Rd, Houston, TX, 77093

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths995 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.73 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size8,699 sqft

Building Information

Year Built1940

Land Information

APN0681310020024
Lot Number24
SubdivisionWalden Place
Land UseResidential
Legal DescriptionLT 24 BLK 2 WALDEN PLACE
Census Tract221800
Assessed Land Value$36,866
Assessed Improvement Value$101,600
Assessment Year2025

About this property

Handy man or handy woman's special. This cute charmer will make a great starter home or investment property. The 2 additional apartments can be leased for additional income and would also be great spaces for virtual learning labs, man caves, she sheds, whatever you can dream up. Home is being sold AS IS and NO repairs will be made. Room sizes are approximate.

Investor Tools

Property Icon
$212,000
Estimated Property Value
$170,000Estimated Mortgage Balance
$56,758Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,272 /month
Positive
Cash Flow Estimate:
$424 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$291/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,434
$138,466
2025
$36,866
$101,600
$138,466
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,434
$138,466

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gilberto Robles Etux
Seller Carryback / Seller Financing / Seller Take-Back
$170,000
No
First
Oct 29, 2021
Nov 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$155,242
$39,758
20%
73%
$1,020/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,020/mo
+$287/mo
7.4%

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 Warwick Rd | Property Details | No Agent List