$138,000
NAL Estimated Property Value2016 Main St Apt 911, Houston, TX, 77002
Off Market
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Refrigerator, Dishwasher
FlooringTile
Exterior
Exterior FeaturesBalcony, Playground
Building Information
Year Built1965
Stories1
Garage Spaces1
Land Information
APN1145880090011
Subdivision2016 Main Condo 3rd Amend
Land UseResidential
Legal DescriptionUNIT 911 FLOOR 9 .0018 INT COMMON LAND & ELE 2016 MAIN CONDO 3RD AMEND
Census Tract410602
Assessed Land Value$26,190
Assessed Improvement Value$111,653
Assessment Year2025
About this property
Gorgeously updated studio unit with tons of updates. Ceramic tile flooring, wood cabinetry, and a wonderfully designed bathroom make this condo a marvelous home. You will love the balcony view of downtown Houston. All utilities are included along with 24-hour security and one assigned parking garage space. An on-site laundry room, exercise room, and pool are just some of the amenities in this beautiful complex. The location of this unit puts you close to shopping, restaurants, schools, parks, and sporting events. Call today for your private showing.
Investor Tools
$138,000
Estimated Property Value
$71,498Estimated Mortgage Balance
$66,502Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$828 /month
Positive
Cash Flow Estimate:
$276 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$267/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,519
$137,843
2025
$26,190
$111,653
$137,843
No
Tax History
Year
Tax Paid
Assessed Value
2024
$2,519
$137,843
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Regions Bank
Commercial
$91,000
No
First
Apr 29, 2016
May 2031
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$71,498
$66,345
48%
52%
$546/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
$546/mo
+$984/mo
13.3%
