1view

Owner Contacts

$185,000

NAL Estimated Property Value

615 Kipling St Apt 5, Houston, TX, 77006

Off Market

1 Beds

1 Bath

680 Sq Ft

Condos / Townhouses

$2.13 / sqft

Built in 1967

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Electric Cooktop, Free-Standing Range, Refrigerator, Dishwasher

FlooringWood

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1967

Stories1

Garage Spaces1

Land Information

APN1141610010005

SubdivisionVillage T/H Condo

Land UseResidential

Legal DescriptionUNIT 5 BLDG A 1/12 INT COMMON LAND & ELE KIPLING VILLAGE T/H CONDO

Census Tract410704

Assessed Land Value$30,220

Assessed Improvement Value$128,833

Assessment Year2025

About this property

APPLICATION ACCEPTED- WAITING ON SIGNATURES Spacious one-bedroom condo available for lease in excellent Montrose location! Private balcony from the bedroom. Oversized living/dining area features a great vaulted ceiling. Lots of big windows in living room and bedroom. Freshly painted, oak hardwood floors. Super kitchen features new stainless steel refrigerator, dishwasher, and electric stove w/ vent hood. Lots of cabinet space too. Enjoy the bedroom with its walk-in closet and cedar closet. There is an additional hall closet too. You'll love this intimate condo community and its prime location in the heart of Montrose. Free shared use of laundry room on property. One assigned covered parking in attached garage -- you never have to get wet when it rains!

Investor Tools

$185,000

Estimated Property Value

$56,838Estimated Mortgage Balance

$128,162Estimated Equity

68% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,110 /month

Positive

Cash Flow Estimate:

$370 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$354/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,328

$159,053

2025

$30,220

$128,833

$159,053

Tax History

Year

Tax Paid

Assessed Value

2024

$3,328

$159,053

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Wells Fargo Bank Na

Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)

$124,800

First

Dec 19, 2005

Jan 2036

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$56,838

$123,162

68%

31%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,640/mo

N/A

+$1,640/mo

10.6%

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