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$399,999

2007 Bailey Street, Houston, TX, 77006

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,292 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$309.6 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Dishwasher

Exterior

Lot Size1,847 sqft

Building Information

Year Built2000

Land Information

APN1209270010007
Lot Number7
SubdivisionSutton-Gillette Townhomes
Land UseResidential
Legal DescriptionLT 7 BLK 1 SUTTON-GILLETTE T/H SEC 10
Census Tract410502
Assessed Land Value$166,140
Assessed Improvement Value$166,144
Assessment Year2025

About this property

Investor’s Delight! Tenant-occupied with steady rental income, this beautifully maintained 2-bedroom, 1.5-bath home in the desirable Sutton-Gillette/Midtown area offers an excellent investment opportunity. The open-concept first floor seamlessly connects the kitchen, dining, and living areas, creating an inviting space for everyday living and entertaining. Rich red oak flooring enhances the main living spaces, while granite countertops add style and durability to the kitchen and baths. Enjoy a private, fenced backyard patio—perfect for relaxing outdoors. Located just minutes from Downtown Houston and within walking distance of shopping, restaurants, nightlife, parks, and schools, this property combines convenience, charm, and strong investment potential. A rare opportunity to own an income-producing property in one of Houston’s most vibrant neighborhoods.

Investor Tools

$240,507Estimated Mortgage Balance
$121,493Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Jay Kavathia

Momin Properties LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$522/month
$843/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,454
$332,284
2025
$166,140
$166,144
$332,284
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,454
$332,284

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Conventional
$247,100
No
First
Dec 17, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,507
$121,493
33%
66%
$1,482/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,325/mo
$-365/mo
6.5%

City: Houston

2007 Bailey Street | Property Details | No Agent List