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$920,000

NAL Estimated Property Value

412 Cortlandt St, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,760 Sq Ft
price_per_sqft$342.39 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTile, Wood

Exterior

Lot Size3,960 sqft

Building Information

Year Built2004
Garage Spaces2

Land Information

APN1255460010002
Lot Number2
SubdivisionFallon Court
Land UseResidential
Legal DescriptionLT 2 BLK 1 FALLON COURT
Census Tract510400
Assessed Land Value$396,000
Assessed Improvement Value$454,080
Assessment Year2025

About this property

Located in the Heights resides 412 Cortlandt, a New Orleans inspired 3 bed/2.5 bath home w/ unfinished garage apt. Zoned to Harvard El* 10 ft ceilings & hardwood floors throughout. Living room is highlighted by a gaslog fireplace & formal dining will let you entertain in style. Chef’s kitchen offers granite counters, s/s appliances, island w/ prep sink/seating, walk-in pantry & b-fast area. Adjoining family room is set w/ surround sound. Upstairs primary suite features sitting area, tray ceiling, covered deck & large walk-in closet. Primary bath boasts dual sinks, granite counter, vanity, walk-in shower & jetted tub. Two nice size secondary bedrooms, hallway bath w/ double sinks/shower-tub, laundry room w/ soaking sink & 2 linen/storage closets as well. Backyard w/ covered deck, greenspace, oversized 2 car garage & future apartment space above. Convenient location to Heights shopping, restaurants, parks, trails & easy commute to downtown. Info per Seller. *buyer to verify eligibility.

Investor Tools

Property Icon
$920,000
Estimated Property Value
$796,765Estimated Mortgage Balance
$123,235Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,670 /month
Positive
Cash Flow Estimate:
$1,890 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,518/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,614
$850,080
2025
$396,000
$454,080
$850,080
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,614
$850,080

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Truist Bank
Conventional
$836,035
No
First
Oct 25, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$796,765
$139,235
14%
87%
$5,013/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$5,013/mo
$-2,433/mo
3.4%

Learn About the Market: Opportunity in Houston

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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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412 Cortlandt St | Property Details | No Agent List