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$214,977

3220 Josephine Street, Houston, TX, 77026

Under ContractInfo
Beds2 Beds
Baths1 Bath
Baths1,327 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Absentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
AppliancesMicrowave, Dishwasher
FlooringVinyl Plank

Exterior

Lot Size3,698 sqft

Building Information

Year Built1948
Stories1

Land Information

APN0042360000005
Lot Number5
SubdivisionAngiers
Land UseResidential
Legal DescriptionLT 5 BLK 11 ANGIERS SEC 1
Census Tract211101
Assessed Land Value$55,914
Assessed Improvement Value$36,380
Assessment Year2025

About this property

Fully renovated in 2026, this 3-bedroom, 2-bath home offers a great balance of modern style and value. Conveniently located just minutes from downtown Houston and less than 10 minutes from LBJ Hospital, it’s a strong option for first-time buyers, healthcare professionals, or investors. No HOA. The home features an open-concept layout with a quartz island kitchen, pot filler, stainless steel appliances, and plenty of natural light throughout. Spacious bedrooms provide comfort and flexibility for a variety of needs. Easy access to major freeways makes commuting simple, and you’re close to Houston’s top attractions, including NRG Stadium, the Houston Livestock Show and Rodeo, and upcoming international events. Don't miss the opportunity!

Investor Tools

$120,792Estimated Mortgage Balance
$97,208Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,308 /month
Positive
Cash Flow Estimate:
$436 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$250/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,904
$92,294
2025
$55,914
$36,380
$92,294
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,904
$92,294

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loan Ranger Capital Investments Reit Llc
Purchase Money Mortgage
$122,400
No
First
Sep 8, 2025
Jul 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,792
$97,208
44%
55%
$734/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$734/mo
+$988/mo
9.5%

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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