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$145,075

NAL Estimated Property Value

2016 Main St Apt 2115, Houston, TX, 77002

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths709 Sq Ft
price_per_sqft$183.36 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
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

Property Icon
$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

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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%

City: Houston

2016 Main St Apt 2115 | Property Details | No Agent List