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$207,000

NAL Estimated Property Value

2205 Mckinney St Apt 509, Houston, TX, 77003

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths940 Sq Ft
price_per_sqft$255.32 / sqft
Year BuiltBuilt in 1929

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringConcrete

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1929

Land Information

APN1291930000043
SubdivisionHerrin Lofts Condo
Land UseResidential
Legal DescriptionUNIT 509 .0198 INT COMMON LAND & ELE HERRIN LOFTS CONDO
Census Tract310101
Assessed Land Value$39,075
Assessed Improvement Value$166,584
Assessment Year2025

About this property

Are you a sports fan? Do you work Downtown? Do you want to live in the middle of it all -- this may just be what you are looking for. This condo is located in a lovely mid-rise building originally built in the 1920's but redone/updated about 20 years ago. PRIME location near two of Houston's largest stadium, Minute Maid Park and SHELL ENERGY stadium (think baseball and soccer...). This is a spacious one-bedroom property with ample storage space and a large balcony. The complex also has a large, quaint common area that residents have turned into a small oasis.

Investor Tools

Property Icon
$207,000
Estimated Property Value
$163,774Estimated Mortgage Balance
$43,226Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$471/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,613
$205,659
2025
$39,075
$166,584
$205,659
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,613
$205,659

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$168,000
No
First
Dec 9, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$163,774
$50,226
23%
79%
$1,008/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,508/mo
$-178/mo
7.7%

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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2205 Mckinney St Apt 509 | Property Details | No Agent List