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$326,217

NAL Estimated Property Value

2802 Wheeler St, Houston, TX, 77004

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,582 Sq Ft
price_per_sqft$173.83 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
AppliancesGas Oven, Gas Range

Exterior

Lot Size8,398 sqft

Building Information

Year Built1940
Garage Spaces2

Land Information

APN0611650000001
Lot Number1
SubdivisionWashington Terrace
Land UseResidential
Legal DescriptionLT 1 & TR 2A BLK 31 WASHINGTON TERRACE
Census Tract312700
Assessed Land Value$232,050
Assessed Improvement Value$94,167
Assessment Year2025

About this property

Conveniently situated near Downtown, the Medical Center, one block from TCU, and a half mile from UofH universities, this 1940s property on a corner lot comes with an additional lot, offering great potential for adding value. Ideal for renovation or as a lucrative addition to a rental portfolio.

Investor Tools

Property Icon
$326,217
Estimated Property Value
$23,257Estimated Mortgage Balance
$303,121Estimated Equity
92% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,957 /month
Positive
Cash Flow Estimate:
$652 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$533/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$326,217
2025
$232,050
$94,167
$326,217
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$326,217

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aames Funding Corp
Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)
$50,001
No
First
Apr 17, 2006
May 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$23,257
$302,960
92%
7%
$300/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$300/mo
+$1,422/mo
6.3%

City: Houston

2802 Wheeler St | Property Details | No Agent List