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$716,000

NAL Estimated Property Value

311 East 27th Street, Houston, TX, 77008

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,365 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$289.64 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

High EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher

Exterior

Lot Size3,001 sqft

Building Information

Year Built2024
Garage Spaces1

Land Information

APN0350790000041
Lot Number24
SubdivisionSunset Heights
Land UseResidential Single Family
Legal DescriptionLT 24 BLK 18 SUNSET HEIGHTS
Census Tract511502
Assessed Land Value$240,000
Assessed Improvement Value$443,889
Assessment Year2025

About this property

FIRST FLOOR LIVING AT IT'S FINEST! This home is a marvel of design, where your kitchen, dining, and living room coalesce into a harmonious open-concept area. The gourmet kitchen, equipped with top-of-the-line appliances, overlooks a spacious living room, making it perfect for entertaining or enjoying quiet family evenings. This home site will also feature a large backyard. 25 x 120 plus an additional 15 feet of Alley. ROC Home's RocBurne features an extremely versatile, open and functional floor plan. This floor plan features 3 bedrooms, 2.5 bath rooms including a multi-use room on the 2nd floor. Spring Branch is minutes to the newly renovated Memorial Park Conservatory, White Oak & Buffalo Bayou Greenway Parks & Trails, and plenty of Restaurants and Retail. Minutes to Downtown Houston, Galleria, and easy assess to I-10, 610, 290, and I-45. We just started construction on this home and we are estimating a completion in May/June 2024

Investor Tools

Property Icon
$716,000
Estimated Property Value
$526,415Estimated Mortgage Balance
$189,585Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,296 /month
Positive
Cash Flow Estimate:
$1,432 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$298/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$683,889
2025
$240,000
$443,889
$683,889
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$683,889

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$540,000
No
First
Dec 31, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$526,415
$189,585
26%
74%
$3,238/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$3,238/mo
$-1,008/mo
3.7%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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311 East 27th Street | Property Details | No Agent List