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Days35Days on Market
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$425,000

205 28th Street, Houston, TX, 77008

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,476 Sq Ft
price_per_sqft$287.94 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

High Equity

Highlights

Interior

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

Exterior

Lot Size1,616 sqft

Building Information

Year Built2017
Garage Spaces2

Land Information

APN0351090840006
Lot Number6
SubdivisionSunset Heights 2nd Par R/P
Land UseResidential
Legal DescriptionLT 6 BLK 2 SUNSET HEIGHTS 2ND PAR R/P
Census Tract511502
Assessed Land Value$135,744
Assessed Improvement Value$356,604
Assessment Year2025

About this property

Old home on the property can be renovated for residential or commercial use. Property is being sold for lot value only. Replated to 3 lots with plans to build single family homes.

Investor Tools

$352,845Estimated Mortgage Balance
$312,155Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,990 /month
Positive
Cash Flow Estimate:
$1,330 /month

Interested in this property?

Soen Sheppard

United Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$887/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,325
$492,348
2025
$135,744
$356,604
$492,348
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,325
$492,348

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$385,661
No
First
Nov 9, 2021
Dec 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$352,845
$312,155
46%
53%
$2,313/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$2,313/mo
$-83/mo
4.0%

Learn About the Market: Opportunity in Houston

Local Market Pages
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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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205 28th Street | Property Details | No Agent List