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$652,000

NAL Estimated Property Value

406 Mcgowen St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,511 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$182 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Convection Oven, Gas Oven, Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size2,200 sqft

Building Information

Year Built2001
Garage Spaces2

Land Information

APN1215900010003
Lot Number3
SubdivisionMcgowen Street
Land UseResidential
Legal DescriptionLT 3 BLK 1 MCGOWEN STREET
Census Tract410602
Assessed Land Value$198,000
Assessed Improvement Value$350,565
Assessment Year2025

About this property

This beautiful stately brick townhome conveniently located between Montrose and Midtown has been elegantly updated. The 1st floor suite has its own media room, epoxy black concrete floors 2 large walk-in closets. 1st floor also boasts a walk-in laundry room & kitchenette. The main living floor boasts 2 living areas separated by the central kitchen. A large covered patio at the front of the home extends the living space. Find elegant chandeliers, fireplace, hardwood floors, crown moulding, & quartz countertops, powder room, this home is ideal for entertaining or luxurious living. The third floor primary is a sunken oasis w/ crown moulding, hardwood floors, modern bathroom fixtures, & a luxuriously appointed primary closet. The 3rd floor also includes the second laundry room, & a 3rd bedroom guest en suite & large walk in closet. Gated access to the rear also includes community guest parking. Walkable neighborhood close to restaurants & many other venues including several dog parks.

Investor Tools

Property Icon
$652,000
Estimated Property Value
$597,194Estimated Mortgage Balance
$54,806Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,912 /month
Positive
Cash Flow Estimate:
$1,304 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,205/month
$3,889/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,194
$548,565
2025
$198,000
$350,565
$548,565
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,194
$548,565

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Conventional
$603,340
No
First
Oct 15, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$597,194
$47,806
7%
92%
$3,618/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$7,507/mo
$-4,927/mo
4.7%

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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406 Mcgowen St | Property Details | No Agent List