1view

Owner Contacts

$398,000

NAL Estimated Property Value

412 Bishop Street, Houston, TX, 77009

Off Market

2 Beds

2 Bath

1,786 Sq Ft

Single Family Residence

$161.81 / sqft

Built in 1924

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

Exterior

Lot Size4,500 sqft

Building Information

Year Built1924

Stories1

Garage Spaces1

Land Information

APN0032160000015

Lot Number15

SubdivisionAllen A C

Land UseResidential

Legal DescriptionLT 15 BLK 52 ALLEN A C

Census Tract212300

Assessed Land Value$175,500

Assessed Improvement Value$90,748

Assessment Year2025

About this property

> Excellent investment opportunity to live near Downtown Houston, just a couple of blocks away from the metro light rail station close to Main st/Quitman & University of Houston-Downtown. Live in the main house & rent the back house. Main house is a 2 bedroom 2 bathroom, high ceilings, hardwood floors, tall windows and ceiling fans throughout. Back house is an open floor design with 1 bedroom 1 bathroom, kitchen and laundry room. Fully fenced property ready to generate income. New construction around the area. Property is tenant occupied. Do not disturb tenants. It will be shown once an offer has been accepted. Drive by only. Sold as is.

Investor Tools

$398,000

Estimated Property Value

$200,194Estimated Mortgage Balance

$197,806Estimated Equity

49% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,388 /month

Positive

Cash Flow Estimate:

$796 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$600/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,210

$266,248

2025

$175,500

$90,748

$266,248

Tax History

Year

Tax Paid

Assessed Value

2024

$5,210

$266,248

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Tomo Mortgage Llc

Conventional

$216,000

First

Jun 3, 2022

Jul 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$200,194

$197,806

49%

50%

$1,296/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$1,296/mo

+$11/mo

3.9%

Learn About the Market: Opportunity in Houston

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