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Owner Contacts

$1,166,911

NAL Estimated Property Value

2402 Rutland Street, Houston, TX, 77008

Off Market

3 Beds

3 Bath

2,708 Sq Ft

Single Family Residence

$368.91 / sqft

Built in 1930

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Heating Central

Cooling

AppliancesDisposal, Ice Maker, Convection Oven, Gas Oven, Gas Cooktop, Dishwasher, Refrigerator

FlooringTile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen

Lot Size5,401 sqft

Building Information

Year Built1930

Garage Spaces2

Land Information

APN1308290010001

Lot Number1

Land UseResidential

Legal DescriptionLT 1 BLK 1 RUTLAND PLACE

Census Tract511501

Assessed Land Value$513,000

Assessed Improvement Value$653,911

Assessment Year2025

About this property

Stunning historic Heights home (on the National Register of Historic Places) in a prime walkable location w/an income producing garage apt (add'l 378 sq ft). Extensive renovation in 2007; creating the perfect blend of historic charm w/modern design & finishes. Picture perfect curb appeal w/fenced-in front & side yards & quaint wrap around covered porch; corner lot. To-die-for backyard; an entertainer’s dream w/fabulous outdoor kitchen, deck+greenspace. Incredible chef’s kitchen w/ Bertazzoni range,Viking fridge. Study w/built-ins. Formal dining & large Family room. 2 guest beds + 2 full baths down. Upstairs primary suite w/massive walk-in closet,spa-like bath w/separate tub, dual vanities, huge shower. Mosquito system. Carrara marble countertops in all baths. Detached guest quarters above 2 car garage w/built-in Murphy bed, full bath. Blocks from tons of popular Heights dining, shopping, parks, hike&bike trails. Garage apt. currently rents for $1k/month. See Features Sheet. A MUST see!

Investor Tools

$1,166,911

Estimated Property Value

$690,383Estimated Mortgage Balance

$476,528Estimated Equity

40% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$7,001 /month

Positive

Cash Flow Estimate:

$2,334 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,988/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$18,016

$1,166,911

2025

$513,000

$653,911

$1,166,911

Tax History

Year

Tax Paid

Assessed Value

2024

$18,016

$1,166,911

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Prosperity Bank

Conventional

$746,250

First

May 24, 2022

Jun 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$690,383

$476,528

40%

59%

$4,475/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,230/mo

$4,475/mo

$-2,245/mo

2.3%

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