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$832,000

NAL Estimated Property Value

505 Westcott St Apt 209, Houston, TX, 77007

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths948 Sq Ft
price_per_sqft$168.67 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher, Washer/Dryer
FlooringLaminate

Building Information

Year Built1964
Stories1
Garage Spaces1

Land Information

APN0986620000209
SubdivisionWescott Terrace
Land UseResidential
Legal DescriptionUNIT 209 .029411 INT COMMON LAND & ELE WESCOTT TERRACE
Census Tract510802
Assessed Land Value$39,940
Assessed Improvement Value$170,271
Assessment Year2025

About this property

This is a Rare Opportunity to live in one of Houston's best locations. Just off Memorial Dr on Westcott before Washington Ave with all the Restaurants and Clubs. Very convenient To I-10. Only Blocks away from Memorial Park. Great Price for the area. A private balcony with a sliding glass door. Complex has Elevator and Laundry Room for added conveniences. Two gated parking places. HOA ONLY $310 PER MONTH INClUDING WATER AND TRASH.

Investor Tools

Property Icon
$832,000
Estimated Property Value
$0Estimated Mortgage Balance
$832,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,992 /month
Positive
Cash Flow Estimate:
$1,664 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$729/month
$310/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,586
$210,211
2025
$39,940
$170,271
$210,211
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,586
$210,211

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$366,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$310/mo
+$1,650/mo
2.8%

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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505 Westcott St Apt 209 | Property Details | No Agent List