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$1,557,250

NAL Estimated Property Value

2031 Cortlandt St, Houston, TX, 77008

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,477 Sq Ft
price_per_sqft$406.23 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,599 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN0200660000005
Lot Number5
SubdivisionHouston Heights
Land UseResidential
Legal DescriptionLT 5 BLK 70 HOUSTON HEIGHTS
Census Tract511502
Assessed Land Value$561,000
Assessed Improvement Value$996,250
Assessment Year2025

About this property

Classic Heights bungalow with plenty of updates on standard 6600 SF Heights lot located on a pristine, beautifully maintained, premier block at 20th and Cortlandt. 3 Bedroom 2 Bath, 2 Story Heights Home. New Wood Floors, New Water Heater 2020, Upstairs Bath Renovated 2020, Back Porch New Roof & Patio 2019, New Main Sewer Line 2017, New Washer Line 2021, Working Wood Fireplace, Roof replace approx. 2011, AC Replaced approx. 2011. Park with tennis court, basketball court and full playground just steps away. Location is very attractive within walking distance of 19th Street shopping and restaurants.

Investor Tools

Property Icon
$1,557,250
Estimated Property Value
$1,087,140Estimated Mortgage Balance
$470,110Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,344 /month
Positive
Cash Flow Estimate:
$3,115 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,477/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,936
$1,557,250
2025
$561,000
$996,250
$1,557,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$21,936
$1,557,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of Houston
Building Or Construction Loan
$1,168,750
No
First
Aug 26, 2022
Aug 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,087,140
$470,110
30%
70%
$7,008/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$7,008/mo
$-4,128/mo
2.2%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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2031 Cortlandt St | Property Details | No Agent List