B+

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Owner Contacts

$467,000

NAL Estimated Property Value

637 Rutland St Apt 6, Houston, TX, 77007

Off Market

3 Beds

4 Bath

1,705 Sq Ft

Condos / Townhouses

$243.4 / sqft

Built in 2005

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher

FlooringCarpet, Concrete, Slate, Wood

Building Information

Year Built2005

Garage Spaces2

Land Information

APN1267640000006

Land UseResidential

Legal DescriptionUNIT 6 .0982 INT COMMON LAND & ELE RUTLAND PARK CONDO

Census Tract510500

Assessed Land Value$78,065

Assessed Improvement Value$332,806

Assessment Year2025

About this property

Let there be light! Rare gem in the heart of the city! Sleek and sophisticated 3 bedroom, 3 1/2 bathroom townhome nestled in the heart of the sought-after Heights neighborhood. This end unit contemporary townhome, with numerous windows, three balconies, and views on three sides, has it all. Open floor plan, fireplace, hardwood floors, stained concrete, unique handrails on staircase, stainless steel appliances, pendant and recessed lighting, stone tile baths, large closets, bountiful storage, and the added bonus of a finished attic. Attic is perfect for a home office, exercise room, reading room/library, or cozy hideaway. Also features a fenced patio area and ground floor access to a lovely shared courtyard. Located along the popular Heights Hike and Bike Trail, this property is a real find in one of Houston’s most popular neighborhoods.

Investor Tools

$467,000

Estimated Property Value

$368,688Estimated Mortgage Balance

$98,312Estimated Equity

10% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,802 /month

Positive

Cash Flow Estimate:

$934 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$696/month

$300/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,021

$410,871

2025

$78,065

$332,806

$410,871

Tax History

Year

Tax Paid

Assessed Value

2024

$6,021

$410,871

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Homebridge Financial Services Inc

Conventional

$394,250

First

Nov 18, 2022

Dec 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$368,688

$42,183

10%

79%

$2,364/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$2,664/mo

$-84/mo

6.6%

Learn About the Market: Opportunity in Houston

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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.

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