$499,000
3706 Delano St, Houston, TX, 77004
On Market
Commercial
Highlights
Interior
Exterior
Lot Size10,001 sqft
Building Information
Year Built1930
Land Information
APN0192030060008
Lot Number8-11
SubdivisionSmith Furniture Co
Land UseResidential
Legal DescriptionLTS 8 9 10 & 11 BLK 6 SMITH FURNITURE CO SEC 2
Census Tract312400
Assessed Land Value$330,000
Assessed Improvement Value$61,017
Assessment Year2025
About this property
A great income-producing, commercial or residential property in the desirable Third Ward. There are Six units featuring one bedroom, one bath, their individual gas meters, electricity and water. Unlimited potential for you to make it what you want in this prime location. Property is also just minutes from Downtown, the Medical Center, Museum District, Montrose, and more! New construction residencies are being built in close proximity, increasing it's value. Seller will make no repairs, selling as-is. No HOA. Please do not disturb the tenants.
Investor Tools
$294,054Estimated Mortgage Balance
$274,946Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,414 /month
Positive
Cash Flow Estimate:
$1,138 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$910/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,073
$391,017
2025
$330,000
$61,017
$391,017
No
Tax History
Year
Tax Paid
Assessed Value
2024
$8,073
$391,017
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Priority Investor Loans Llc
Purchase Money Mortgage
$315,000
No
First
Oct 17, 2022
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$294,054
$274,946
48%
52%
$1,889/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,095/mo
$1,889/mo
$-794/mo
2.3%
