Street View

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Owner Contacts

$1,304,000

407 Westmoreland St, Houston, TX, 77006

Off Market

1 Beds

1 Bath

540 Sq Ft

Apartment

$1.85 / sqft

Built in 1950

Highlights

Interior

Bedrooms 1

Bathrooms Full 4

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesElectric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer

FlooringCarpet, Tile

Exterior

Lot Size7,876 sqft

Building Information

Year Built1933

Garage Spaces4

Land Information

APN0370330000012

Lot Number12

SubdivisionWestmoreland

Land UseResidential

Legal DescriptionLT 12 & TRS 11A & 13A BLK 5 WESTMORELAND

Census Tract410704

Assessed Land Value$529,688

Assessed Improvement Value$466,857

Assessment Year2025

About this property

This is a garage apartment over a detached garage located behind a gorgeous stately manor on Westmoreland Street. The entire property is gated with wrought iron. The tree lined street and the manicured front gardens is a wonderful setting to enjoy. The apartment is one bedroom, one bath with central air & heat. This unit gets 1 parking space in the garage. There is a washer & dryer in the garage that is reserved for the private use for the garage apt. Lots of windows in this apartment. Be sure to see all the photos, one is the floor plan. Also, there is a video walk thru of this home and should be included, if not, please request it and will send. This home is a short drive to Downtown, Museum District, Medical Center, and a short walk to the Metro rail.

Investor Tools

$1,304,000

Estimated Property Value

$2,304,600Estimated Mortgage Balance

$0Estimated Equity

-77% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$7,824 /month

Positive

Cash Flow Estimate:

$2,608 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,941/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$16,771

$996,545

2025

$529,688

$466,857

$996,545

Tax History

Year

Tax Paid

Assessed Value

2024

$16,771

$996,545

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bancorpsouth Bank

Commercial

$562,500

First

Apr 21, 2021

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$2,643,729

N/A

203%

$17,191/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,340/mo

$17,191/mo

$-13,851/mo

3.1%

Learn About the Market: Opportunity in Houston

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