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$1,981,000

NAL Estimated Property Value

3035 Lafayette St, Houston, TX, 77005

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,875 Sq Ft
price_per_sqft$361.03 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Double Oven, Trash Compactor, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Wood

Exterior

Lot Size5,502 sqft

Building Information

Year Built1983
Stories2
Garage Spaces2

Land Information

APN0600230000034
SubdivisionRice Court
Land UseResidential
Legal DescriptionTR 9A BLK 3 RICE COURT
Census Tract412300
Assessed Land Value$825,000
Assessed Improvement Value$912,800
Assessment Year2025

About this property

Enjoy this West University Place home close to West U Elementary, the library, and many restaurants within the area. Stunning improvements made to the primary bathroom and freshly painted interior make this home move-in ready. The kitchen flows with an open concept into the living room. The home is truly four bedrooms with a large game room that could be fifth bedroom with attached full bath. The backyard is large enough for a pool. Don't miss the opportunity to live on Lafayette.

Investor Tools

Property Icon
$1,981,000
Estimated Property Value
$1,324,117Estimated Mortgage Balance
$656,883Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,886 /month
Positive
Cash Flow Estimate:
$3,962 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,677/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,213
$1,737,800
2025
$825,000
$912,800
$1,737,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,213
$1,737,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Russell B Hawkins Etux
Purchase Money Mortgage
$1,450,000
No
First
Oct 23, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,324,117
$587,883
30%
67%
$8,694/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$8,694/mo
$-5,354/mo
2.0%

City: Houston

3035 Lafayette St | Property Details | No Agent List