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$231,000

NAL Estimated Property Value

1609 Montrose Dr, River Oaks, TX, 76114

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,150 Sq Ft
price_per_sqft$195.65 / sqft
Year BuiltBuilt in 1943

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Other
FlooringTile, Vinyl

Exterior

Lot Size5,445 sqft

Building Information

Year Built1943
Stories1
Garage Spaces1

Land Information

APN34510-9-32
Lot Number32
SubdivisionRiver Oaks Addition (River Oak
Land UseResidential
Legal DescriptionRIVER OAKS ADDITION (RIVER OAK BLOCK 9 LOT 32
Census Tract110500
Assessed Land Value$32,682
Assessed Improvement Value$180,492
Assessment Year2025

About this property

Darling 3.2 Remodeled Craftsman Bungalow in River Oaks Addition just minutes from Downtown! The front porch welcomes you into the large living with all-new flooring and fresh paint. The eat-in kitchen has a sunny breakfast room that is spacious enough for entertaining with room for a large dining table. The remodeled kitchen has a gas range, a built-in microwave, new countertops, a new backsplash, and freshly painted cabinetry. The master ensuite has a walk-in shower with a custom vanity and direct access to the owner-added indoor utility room. Secondary beds are all large with spacious closets and direct access to the hall bath with a shower tub combo and custom vanity. The large yard is private and perfect for creating backyard memories. The detached garage is currently used for additional storage. Owners added 3rd bed, insulation, all new LVP flooring, and HVAC system, and replaced the roof.

Investor Tools

Property Icon
$231,000
Estimated Property Value
$217,865Estimated Mortgage Balance
$13,135Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,386 /month
Positive
Cash Flow Estimate:
$462 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$406/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,717
$213,174
2025
$32,682
$180,492
$213,174
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,717
$213,174

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Fha
$220,924
Yes
First
Jul 21, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,865
$13,135
5%
94%
$1,378/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,378/mo
+$549/mo
10.0%

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: River Oaks

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1609 Montrose Dr | Property Details | No Agent List