Last 24 Hours
$300,000
246 Rebecca St, Houston, TX, 77022
On Market
Commercial
10 Beds
4 Bath
1,084 Sq Ft
Multi Family
$276.75 / sqft
Built in 1950Highlights
Interior
Bedrooms 10
Bathrooms Full 1Bathrooms Half 3
Garage Available
HeatingExterior
Lot Size22,046 sqft
Building Information
Year Built1950
Land Information
APN0660070030012
Lot Number12
SubdivisionEast Montgomery Acres
Land UseResidential
Legal DescriptionLT 12 BLK 3 (PR YR IMPS 2011-2013*0660070030022) EAST MONTGOMERY ACRES
Census Tract220400
Assessed Land Value$205,550
Assessed Improvement Value$202,737
Assessment Year2025
About this property
Prime Investment Opportunity! This spacious lot has four separate structures, two of which are currently producing steady rental income. Situated across the street from brand new construction homes, this property offers excellent potential for appreciation and development. All investors welcome, don't miss out!
Investor Tools
$118,929Estimated Mortgage Balance
$289,759Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,450 /month
Positive
Cash Flow Estimate:
$817 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$908/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,853
$408,287
2025
$205,550
$202,737
$408,287
No
Tax History
Year
Tax Paid
Assessed Value
2024
$8,853
$408,287
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Castle Mortgage Corp
Conventional
$125,000
No
First
Sep 12, 2023
Oct 2053
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$118,929
$289,358
70%
29%
$750/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$750/mo
+$557/mo
3.8%
12.4%