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$149,000

606 E 42nd Street, Houston, TX, 77022

$149,848 ARVInfo
PendingInfo
Beds2 Beds
Baths1 Bath
Baths1,168 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$127.57 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
AppliancesGas Oven, Gas Range
FlooringCarpet, Wood

Exterior

Lot Size6,199 sqft

Building Information

Year Built1945

Land Information

APN0661100070003
Lot Number3
SubdivisionOxford Place
Land UseResidential
Legal DescriptionLT 3 BLK 7 (DEED RECORDS 998/302) OXFORD PLACE
Census Tract530400
Assessed Land Value$151,200
Assessed Improvement Value$11,800
Assessment Year2025

About this property

It is back...ready for Investors and Builders! Independence Heights home just minutes from downtown and most major freeways priced to sell! Large lot with over 6180’ in a booming area close to town and priced over $20k under tax value!! With market rents in the $1,500 this house will cash flow until you are ready to build. Tenants just moved out but it could be cleaned up and made ready again with minimal effort. survey available (if it is). Turn this money-maker into your next project.

Investor Tools

$132,230Estimated Mortgage Balance
$30,770Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$149,848
Rent-to-Value Ratio: 0.72%
Rent Estimate
$978 /month
Positive
Cash Flow Estimate:
$326 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$332/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,166
$163,000
2025
$151,200
$11,800
$163,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,166
$163,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kw Rentals Llc
Unknown
$133,000
No
First
Feb 27, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$132,230
$30,770
18%
81%
$798/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$798/mo
+$509/mo
9.6%

City: Houston

606 E 42nd Street | Property Details | No Agent List