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$181,329

NAL Estimated Property Value

705 Main St Unit 605, Houston, TX, 77002

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths709 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$2.25 / sqft
Year BuiltBuilt in 1921

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher

Building Information

Year Built1921
Garage Spaces1

Land Information

APN1269460000082
SubdivisionSt Germain Condo 3rd Amend
Land UseResidential
Legal DescriptionUNIT 605 .0092 INT COMMON LAND & ELE ST GERMAIN CONDO 4TH AMEND
Census Tract980700
Assessed Land Value$34,453
Assessed Improvement Value$146,876
Assessment Year2025

About this property

Architectural charm meets modern convenience in this STUDIO LOFT in the heart of Downtown. Featuring high ceilings, exposed cement, brick walls, ductwork, and commercial-style windows, this unit exudes an industrial-chic aesthetic. Abundant natural light enhances the open-concept. The recently updated kitchen boasts refurbished cabinetry, butcherblock counters, tile backsplash, and stainless steel appliances. Bathroom has an updated tub, tile, and fixtures (2022). A large walk-in closet includes a washer and dryer (2022). You will love the rooftop deck, gym and a party room. Building has a M-F daytime concierge and mail room. Water, sewer, trash included. One assigned parking spot (#26) plus the STORAGE space in the garage available for $45/month if interested. Located on the MetroRail line and walkable to Finn Hall, Shake Shack, the Theater District, Minute Maid Park, Toyota Center, Market Square Park, Discovery Green, and all Downtown attractions.

Investor Tools

Property Icon
$181,329
Estimated Property Value
$168,031Estimated Mortgage Balance
$13,298Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,088 /month
Positive
Cash Flow Estimate:
$363 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$382/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,683
$181,329
2025
$34,453
$146,876
$181,329
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,683
$181,329

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Federal Mortgage Corp
Conventional
$180,000
No
First
Oct 31, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$168,031
$13,298
7%
93%
$1,080/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
$1,080/mo
+$450/mo
10.1%

City: Houston

705 Main St Unit 605 | Property Details | No Agent List