$430,000
230 Busch St, Houston, TX, 77060
On Market
Property Lead Type:
High Equity
Highlights
Interior
Exterior
Lot Size25,204 sqft
Building Information
Year Built1950
Garage Spaces4
Land Information
APN0710550030138
Lot Number138,139
SubdivisionNorthfield Place
Land UseResidential
Legal DescriptionLTS 138 & 139 BLK 3 NORTHFIELD PLACE
Census Tract222402
Assessed Land Value$126,000
Assessed Improvement Value$84,598
Assessment Year2025
About this property
This unrestricted lot presents a unique investment opportunity, featuring four properties just minutes from major highways like I-45 and Beltway 8. The main house boasts 3 bedrooms and 2 baths with an open-concept layout perfect for entertaining. Enjoy the added benefit of 6 septic tanks, ensuring no issues, along with 2 water wells and 4 separate electric meters. Additionally, three manufactured homes are currently leased, generating immediate income. Don't miss out on this versatile and profitable property!
Investor Tools
$24,267Estimated Mortgage Balance
$213,733Estimated Equity
89% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,580 /month
Positive
Cash Flow Estimate:
$860 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$183/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,008
$210,598
2025
$126,000
$84,598
$210,598
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,008
$210,598
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New Century Mortgage Corp
Unknown
$57,000
No
First
Mar 4, 2005
Apr 2015
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$24,267
$213,733
89%
10%
$342/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$342/mo
+$965/mo
6.6%
