$145,075
NAL Estimated Property Value2016 Main St Apt 2115, Houston, TX, 77002
Off Market
Property Lead Type:
Off-Market ListAbsentee Owner
Highlights
Interior
AppliancesDisposal, Microwave, Electric Range, Refrigerator, Dishwasher
FlooringCarpet, Vinyl
Exterior
Exterior FeaturesStorage, Balcony
Building Information
Year Built1965
Stories1
Land Information
APN1145880210015
Subdivision2016 Main Condo 3rd Amend
Land UseResidential
Legal DescriptionUNIT 2115 FLOOR 21 .0026 INT COMMON LAND & ELE 2016 MAIN CONDO 3RD AMEND
Census Tract410602
Assessed Land Value$27,564
Assessed Improvement Value$117,511
Assessment Year2025
About this property
21st floor unit in need of remodeling, including unit's air handler. Selling in its present condition with contents, except for a few reserved items to be removed before closing. Stunning view of downtown Houston. Living room and bedroom look out on this wonderful view. HOA monthly fee includes: electricity, water, trash, internet & cable. The common areas include a pool, hot tub, gym, lounge area, party/reception room, washer & dryer coin-operated facility. There is one assigned parking space and one storage locker. No vacation rentals.
Investor Tools
$145,075
Estimated Property Value
$123,031Estimated Mortgage Balance
$22,044Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$870 /month
Positive
Cash Flow Estimate:
$290 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$286/month
$645/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,707
$145,075
2025
$27,564
$117,511
$145,075
No
Tax History
Year
Tax Paid
Assessed Value
2024
$2,707
$145,075
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Paramount Residential Mortgage Group
Conventional
$133,475
No
First
Mar 17, 2022
Apr 2052
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$123,031
$22,044
15%
85%
$801/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
$1,446/mo
+$84/mo
12.7%
