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Owner Contacts

$240,000

1606 Ruthven St, Houston, TX, 77019

Pending

3 Beds

2 Bath

1,166 Sq Ft

Single Family Residence

$205.83 / sqft

Built in 1930

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Heating Central

Cooling

AppliancesElectric Oven, Microwave, Electric Range

FlooringTile, Wood

Exterior

Lot Size3,999 sqft

Building Information

Year Built1930

Stories1

Land Information

APN0050440000009

SubdivisionBaker W R Ssbb

Land UseResidential

Legal DescriptionTRS 9 & 10A BLK 86 BAKER W R SSBB

Census Tract410101

Assessed Land Value$320,000

Assessed Improvement Value$244,472

Assessment Year2025

About this property

INVESTORS WELCOME! HCAD value is listed as $564,472. This 1930s cottage was originally a 3 bedroom 2 bath home. Current owner converted it to a duplex with 2 bedrooms and 1 bath in front, 1 bedroom 1 bath on back side of house. Back unit has water damage from the hot water heater and walls have been removed to the studs. Front unit is not damaged. Pictures of the back unit show the damage. This property is ready for a rehab or tear down and rebuild. Appointments are required as there is an alarm system. Call Listing Agent with any questions about the property. Great opportunity for a flip, buy and hold or tear down and build a new home. Seller will consider all reasonable offers.

Investor Tools

$289,659Estimated Mortgage Balance

$274,813Estimated Equity

48% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,387 /month

Positive

Cash Flow Estimate:

$1,129 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$989/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,044

$564,472

2025

$320,000

$244,472

$564,472

Tax History

Year

Tax Paid

Assessed Value

2024

$9,044

$564,472

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Mortgagepros Llc

Conventional

$293,958

First

Aug 25, 2025

Sep 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$289,659

$274,813

48%

51%

$1,763/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$1,763/mo

+$817/mo

5.5%

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