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$612,102

NAL Estimated Property Value

2316 Watson St, Houston, TX, 77009

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,176 Sq Ft
price_per_sqft$391.16 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Free-Standing Range, Gas Range, Dishwasher, Refrigerator
FlooringTile, Wood

Exterior

Lot Size5,162 sqft

Building Information

Year Built1920
Stories1
Garage Spaces1

Land Information

APN0611900000005
Lot Number5
SubdivisionWoodland Terrace
Land UseResidential
Legal DescriptionLT 5 BLK 17 WOODLAND TERRACE
Census Tract510301
Assessed Land Value$516,000
Assessed Improvement Value$96,102
Assessment Year2025

About this property

Nestled on a 5,160 sq. ft. lot in a quaint, deed restricted neighborhood, this 1920s bungalow has a desirable alley entrance. In a perfect location, this charming home is close to great restaurants, shopping, and right down the street from an expansive park and walking/biking trails with views of the downtown skyline. as well as mere minutes from major highways leading into and out of central Houston. There is a big, screened-in porch, lots of light, stainless steel appliances, and a detached, double garage with additional parking as well as a side yard ready for an imaginative make over. Per Seller: The home was completely rewired (2000), has a recent roof (2020), recent air conditioner/heater and water heater (2020) both make for lower electric bills, a newer plumbing line from the city line to the house and garage, as well as fantastic neighbors -- all of which contribute to a one-of-a-kind, hilltop home full of character that has not flooded during ownership (since the year 2000)

Investor Tools

Property Icon
$612,102
Estimated Property Value
$398,474Estimated Mortgage Balance
$213,628Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,673 /month
Positive
Cash Flow Estimate:
$1,224 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$986/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,773
$612,102
2025
$516,000
$96,102
$612,102
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,773
$612,102

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$405,000
No
First
Jun 16, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$398,474
$213,628
34%
65%
$2,429/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$2,429/mo
$-1,122/mo
2.6%

City: Houston

2316 Watson St | Property Details | No Agent List