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$495,000

508 Sul Ross St Apt A, Houston, TX, 77006

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,116 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$233.93 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Absentee Owner

Highlights

Interior

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

Exterior

Exterior FeaturesBalcony
Lot Size2,365 sqft

Building Information

Year Built1995
Stories3
Garage Spaces2

Land Information

APN0230570000015
SubdivisionLockhart Connor & Barziza
Land UseResidential
Legal DescriptionTRS 4C & 5C BLK 1 LOCKHART CONNOR & BARZIZA
Census Tract410706
Assessed Land Value$193,400
Assessed Improvement Value$243,356
Assessment Year2025

About this property

Located in the heart of Montrose, this 3 bedroom, 2.5 bath single family home offers modern living with no HOA! The first floor offers a private guest suite with tile flooring, a walk-in closet, and en-suite bath. Upstairs, the main living level features hardwood floors, a gas-log fireplace, and French doors leading to an expansive wood deck, perfect for entertaining! The kitchen has granite countertops, stainless steel appliances, gas cooktop, wine refrigerator, and built-in microwave and oven. The third-floor primary retreat features a spacious walk-in closet, dual sinks, jetted-tub, separate shower, and private water closet. The utility area and an additional bedroom with built-ins are also located on this level. This home also features a fenced backyard and 2-car attached garage with storage. The A/C handler & coil for main living area was recently replaced. Walkable to restaurants, shopping, and minutes from museums, parks, and all Montrose has to offer! *All per seller

Investor Tools

$334,413Estimated Mortgage Balance
$136,587Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$656/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,523
$436,756
2025
$193,400
$243,356
$436,756
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,523
$436,756

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Affinity Llc
Conventional
$366,900
No
First
Dec 3, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$334,413
$136,587
28%
71%
$2,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,200/mo
+$380/mo
6.6%

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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