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Owner Contacts

$1,062,000

NAL Estimated Property Value

1971 W Mckinney St, Houston, TX, 77019

Off Market

4 Beds

5 Bath

1,900 Sq Ft

Single Family Residence

$592.11 / sqft

Built in 1936

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesWater Heater, Disposal, Water Softener, Double Oven, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Instant Hot Water, Dryer, Refrigerator, Washer

FlooringTile, Wood

Exterior

Lot Size5,001 sqft

Building Information

Year Built1936

Land Information

APN0600720050037

Lot Number37

SubdivisionTemple Terrace

Land UseResidential

Legal DescriptionLT 37 BLK 5 TEMPLE TERRACE

Census Tract410201

Assessed Land Value$475,000

Assessed Improvement Value$587,000

Assessment Year2025

About this property

Impressive Temple Terrace property has a combined total of 3,654 sq ft of living space. The main residence has been gutted & renovated with 2BD/2BA (1,904SF) and a thoroughly updated 2BD/2.5BA guest house (1,750 SF) that is tenant occupied. The main house features an open layout with refinished floors, 9-foot ceilings, LED lighting and double-glazed windows. Large living and dining areas flow to an open gourmet kitchen with custom cabinetry and upscale appliances. A study, bedroom and bath complete the main level. Above, the updated owner's suite boasts vaulted ceilings, WIC and spa bath. Across the patio, the three-level guest house includes updated floors and window treatments. 2 bedroom & 1.5 bath on the ground floor. The second floor has 1 full bath, living/dining room and updated kitchen open to a 20X18 terrace. The top floor includes a study and closet. Exceptional storage, long driveway and great location close to shopping, dining, River Oaks Shopping Center and Buffalo Bayou.

Investor Tools

$1,062,000

Estimated Property Value

$968,713Estimated Mortgage Balance

$93,287Estimated Equity

8% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$6,750 /month

Positive

Cash Flow Estimate:

$2,250 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,359/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$11,000

$1,062,000

2025

$475,000

$587,000

$1,062,000

Tax History

Year

Tax Paid

Assessed Value

2024

$11,000

$1,062,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Midfirst Bank

Open End Mortgage / Open End With Future Advance Clause

$1,000,000

First

Aug 5, 2024

Aug 2049

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$968,713

$93,287

91%

$5,996/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$5,996/mo

$-3,416/mo

2.9%

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