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$221,000

NAL Estimated Property Value

1606 Buchanan St, Pasadena, TX, 77502

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,418 Sq Ft
price_per_sqft$162.19 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size8,638 sqft

Building Information

Year Built1953
Stories1
Garage Spaces1

Land Information

APN0771910060121
Lot Number121,122
SubdivisionSouth Pasadena Villas
Land UseResidential
Legal DescriptionLT 121 & N 12 FT OF LT 122 BLK 6 SOUTH PASADENA VILLAS
Census Tract323300
Assessed Land Value$62,453
Assessed Improvement Value$149,269
Assessment Year2025

About this property

Beautifully remodeled home with so many upgrades. Original hardwood floors throughout most rooms add to the character of this home. The kitchen has been remodeled with custom 42" soft close cabinets and granite countertops. The kitchen leads out to a huge backyard with a cozy covered patio. Luxuriously tiled spa shower with seat in primary bath. Upgrades include recent roof, new insulation, primary and secondary bath remodel, water heater, new garage door opener, security cameras and security lights. HVAC, electrical and appliances, are approximately 2 years old. LOW TAXES & NO HOA, Not in a flood zone

Investor Tools

Property Icon
$221,000
Estimated Property Value
$217,718Estimated Mortgage Balance
$3,282Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,380 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$289/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,364
$211,722
2025
$62,453
$149,269
$211,722
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,364
$211,722

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Fha
$225,834
Yes
First
May 22, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,718
$2,282
1%
99%
$1,354/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,354/mo
+$368/mo
9.4%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Pasadena

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1606 Buchanan St | Property Details | No Agent List