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$106,000

3605 Farmer St, Houston, TX, 77020

Under ContractInfo
Beds2 Beds
Baths0 Bath
Baths660 Sq Ft
Year BuiltBuilt in 1976

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating

Exterior

Lot Size5,175 sqft

Building Information

Year Built1976

Land Information

APN0140790000008
Lot Number8
SubdivisionFarmer-Teal
Land UseResidential
Legal DescriptionLT 8 BLK 1 FARMER-TEAL
Census Tract211302
Assessed Land Value$89,538
Assessed Improvement Value$33,462
Assessment Year2025

About this property

Nice flat lot in an area just east of Downtown that is experiencing lots of redevelopment. Located near I-10 and I-69, this lot is best suited for building townhouses - either build to rent or build to sell. Rental demand in the area is very strong. With multi-story construction, a nice view of the Downtown skyline is possible for upper balconies, or roof terraces.

Investor Tools

$0Estimated Mortgage Balance
$133,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$798 /month
Positive
Cash Flow Estimate:
$266 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$167/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,333
$123,000
2025
$89,538
$33,462
$123,000
No

Tax History

Year
Tax Paid
Assessed Value
2020
$1,333
$123,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$133,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
11.8%

Learn About the Market: Opportunity in Houston

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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.

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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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3605 Farmer St | Property Details | No Agent List