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Owner Contacts

$224,346

NAL Estimated Property Value

705 Main St Unit 712, Houston, TX, 77002

Off Market

2 Beds

1 Bath

1,020 Sq Ft

Condos / Townhouses

$191.18 / sqft

Built in 1921

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringCarpet, Tile, Wood

Building Information

Year Built1921

Land Information

APN1269460000101

SubdivisionSt Germain Condo 3rd Amend

Land UseResidential

Legal DescriptionUNIT 712 .0092 INT COMMON LAND & ELE ST GERMAIN CONDO 4TH AMEND

Census Tract980700

Assessed Land Value$42,626

Assessed Improvement Value$181,720

Assessment Year2025

About this property

Cool & hip urban Downtown loft offers unique architectural elements and just awaiting a new owner to put their own personal touches on it! Open Living/Dining/Kitchen has warm stained wood floors & 3 large windows to bring in natural light! Kitchen features SS appliances, granite counters, wood cabinets & pantry. Large Bath has abundant storage, jetted tub/shower combo, granite tops & more. 2 private Bedrooms. Full size W/D included. 1 assigned garage parking space. Building has M-F Daytime Concierge, Onsite Property Manager, secured access, gym, rooftop deck & more. On MetroRail and walkable to Theater District, Minute Maid Park, Toyota Center, Discovery Green Park, Market Sq Park, food halls, restaurants, bars & ALL Downtown attractions. BUILDING DOES NOT ALLOW SHORT TERM RENTALS OR AIRBNB TYPE RENTALS.

Investor Tools

$224,346

Estimated Property Value

$172,823Estimated Mortgage Balance

$51,523Estimated Equity

22% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,346 /month

Positive

Cash Flow Estimate:

$449 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$324/month

$565/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,765

$224,346

2025

$42,626

$181,720

$224,346

Tax History

Year

Tax Paid

Assessed Value

2024

$2,765

$224,346

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Nations Reliable Lending Llc

Conventional

$187,150

First

Apr 25, 2022

May 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$172,823

$51,523

22%

77%

$1,123/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,530/mo

$1,688/mo

$-158/mo

8.2%

Learn About the Market: Opportunity in Houston

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