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$796,000

NAL Estimated Property Value

1743 Michigan St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,530 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$401.96 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Gas Oven, Gas Range, Dishwasher, Refrigerator
FlooringTile, Wood

Exterior

Lot Size5,001 sqft

Building Information

Year Built1930
Stories1
Garage Spaces1

Land Information

APN0513830000021
Lot Number21
SubdivisionMeineke
Land UseResidential
Legal DescriptionLT 21 BLK 46 MEINEKE SEC 1
Census Tract410402
Assessed Land Value$550,000
Assessed Improvement Value$131,494
Assessment Year2025

About this property

Tour this rare 3 bedroom jewel in the heart of Montrose. With beautiful period hardwood floors, the living and dining rooms create an inviting entry with ample natural light and room to entertain. A floor plan that flows, featuring a gas fireplace in the living room, gourmet kitchen with stainless steel appliances and granite countertops, expanded primary suite with terrific privacy and separation from spacious secondary bedrooms. Fully fenced property with generous backyard space that includes covered patio, maintenance-free crushed granite, irrigation system and detached garage. Tucked away on a quiet street within walking distance of Wilson Montessori, Cherryhurst Park and restaurants and shops along Dunlavy and Westheimer. All info per Seller.

Investor Tools

Property Icon
$796,000
Estimated Property Value
$418,313Estimated Mortgage Balance
$377,687Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,776 /month
Positive
Cash Flow Estimate:
$1,592 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,573/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,890
$681,494
2025
$550,000
$131,494
$681,494
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,890
$681,494

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Liberty 1 Lending Inc
Conventional
$420,750
No
First
Jan 30, 2026
Mar 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$418,313
$407,687
49%
53%
$2,523/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,523/mo
$-563/mo
3.0%

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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1743 Michigan St | Property Details | No Agent List