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Owner Contacts

$641,000

NAL Estimated Property Value

406 Stratford St, Houston, TX, 77006

Off Market

2 Beds

3 Bath

2,108 Sq Ft

$265.65 / sqft

Built in 1994

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Ice Maker, Convection Oven, Gas Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator

FlooringCarpet, Stone, Tile, Wood

Exterior

Lot Size2,418 sqft

Building Information

Year Built1994

Garage Spaces1

Land Information

APN0261270010014

SubdivisionMontrose

Land UseResidential

Legal DescriptionTR 3A BLK 1 MONTROSE

Census Tract410502

Assessed Land Value$217,620

Assessed Improvement Value$303,544

Assessment Year2025

About this property

Located in the heart of Montrose, this home has been beautifully maintained by current owner. Spacious first floor living with gas burning fireplace, attractive hardwoods and custom window coverings. Eat in Kitchen features stainless appliances, Bosch dishwasher and custom Omega cabinetry, slab quartz counters and travertine floor. Breakfast area opens to Saltillo tile patio and fully fenced private back gardens. Spectacular primary suite with massive bath room and walk-in closet. 2nd floor den with built in cabinets and desk. Home offers an attached 2-car garage and private double wide driveway. Great central location is a short distance from Downtown, Medical Center, Museum District and Galleria areas - walkable to over 24 restaurants.

Investor Tools

$641,000

Estimated Property Value

$406,574Estimated Mortgage Balance

$234,426Estimated Equity

35% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,846 /month

Positive

Cash Flow Estimate:

$1,282 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$515/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,976

$521,164

2025

$217,620

$303,544

$521,164

Tax History

Year

Tax Paid

Assessed Value

2024

$2,976

$521,164

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Prime Lending Inc

Conventional

$420,375

First

Jul 25, 2024

Aug 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$406,574

$220,426

35%

63%

$2,521/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$2,521/mo

$-561/mo

3.7%

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