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Owner Contacts

$562,000

NAL Estimated Property Value

627 Rutland St Apt 1, Houston, TX, 77007

Off Market

3 Beds

2 Bath

1,560 Sq Ft

Single Family Residence

$307.69 / sqft

Built in 2012

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Gas Oven, Microwave, Gas Range, Dishwasher, Dryer, Washer

FlooringTile, Wood

Exterior

Exterior FeaturesBalcony

Lot Size1,899 sqft

Building Information

Year Built2012

Garage Spaces2

Land Information

APN1258280020001

Lot Number1

Land UseResidential

Legal DescriptionLT 1 BLK 1 RUTLAND PARK PAR R/P

Census Tract510500

Assessed Land Value$190,000

Assessed Improvement Value$317,747

Assessment Year2025

About this property

Incredible opportunity to own your piece of paradise in one of the most highly coveted areas in all of Houston - THE HEIGHTS!!! Owners have lovingly maintained this gorgeous, 2-story home perfectly situated on a corner lot with bonus outdoor space. Brilliant layout with spacious primary bedroom and en suite bathroom on the first floor. Open concept floor plan on second level with high ceilings. Kitchen is open to family room and dining space. NO carpet - just gorgeous hardwood floors throughout and tile in bathrooms. Washer and dryer also conveying with the property. Public parking alongside community makes it easy for guests. NO HOA, LOW TAX RATE and NEVER FLOODED! Walking distance to Donovan Park, Common Bond and other local shops and eateries. A short drive to HEB, Whole Foods, White Oak Music Hall and more! This home will not last long. Book your tour today!

Investor Tools

$562,000

Estimated Property Value

$166,501Estimated Mortgage Balance

$395,499Estimated Equity

70% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,372 /month

Positive

Cash Flow Estimate:

$1,124 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$791/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,677

$507,747

2025

$190,000

$317,747

$507,747

Tax History

Year

Tax Paid

Assessed Value

2024

$6,677

$507,747

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Fairway Independent Mortgage Corp

Conventional

$175,000

First

Sep 25, 2023

Oct 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$166,501

$390,499

70%

30%

$1,050/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$1,050/mo

+$1,530/mo

5.5%

Learn About the Market: Opportunity in Houston

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