$192,000
NAL Estimated Property Value309 Stratford St Apt 18, Houston, TX, 77006
Off Market
Property Lead Type:
Off-Market ListDeal ListAbsentee Owner
Highlights
Interior
AppliancesDisposal, Microwave, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringLaminate
Exterior
Exterior FeaturesBalcony
Building Information
Year Built1960
Stories1
Land Information
APN1141730020007
SubdivisionStratford Place
Land UseResidential
Legal DescriptionUNIT 18 BLDG C .0494 INT COMMON LAND & ELE STRATFORD PLACE CONDO
Census Tract410502
Assessed Land Value$35,948
Assessed Improvement Value$153,252
Assessment Year2025
About this property
This updated condo tucked between Montrose and Midtown has gone through extensive recent updates both inside and out. Recent updates to flooring, cabinets, appliances, paint, and bathroom. A/C replaced in 2020. The HOA has replaced siding and repainted the exterior, added new light fixtures, resurfaced the pool, and replaced all of the balconies. Seller has paid HOA dues through the end of 2020! Updated bath with frameless shower for sleek, contemporary look. Walking distance to Cuchara, Boheme, El Tiempo, Snooze, Katz's, and more!
Investor Tools
$192,000
Estimated Property Value
$122,521Estimated Mortgage Balance
$69,479Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,152 /month
Positive
Cash Flow Estimate:
$384 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$358/month
$487/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,342
$189,200
2025
$35,948
$153,252
$189,200
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,342
$189,200
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$136,800
No
First
Dec 31, 2020
Jan 2051
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,521
$77,479
38%
64%
$821/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,308/mo
+$332/mo
10.3%
