6view

Owner Contacts

$612,000

NAL Estimated Property Value

706 Olive St # B, Houston, TX, 77007

Off Market

3 Beds

3 Bath

2,558 Sq Ft

Single Family Residence

$257.62 / sqft

Built in 2019

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Oven, Microwave, Gas Cooktop, Dishwasher

FlooringCarpet, Tile, Wood

Exterior

Lot Size2,601 sqft

Building Information

Year Built2019

Garage Spaces2

Land Information

APN1408730010001

Lot Number1

Land UseResidential

Legal DescriptionLT 1 BLK 1 OLIVE STREET LANDING

Census Tract510702

Assessed Land Value$242,250

Assessed Improvement Value$304,663

Assessment Year2025

About this property

Modern & Meticulous 3 bd 2.5 Bath +Flex Room, First Floor Living 2 Story, perfectly located in Rice Military with great walkability to Buffalo Bayou & Memorial Park. Step inside to a wonderful open entertaining & comprehensive living/dining & totally equipped kitchen. First floor has an easy flow for all your living & hosting needs. 2nd floor primary bedroom is a true retreat with plenty of space for a sitting room, lavish bath with dual large custom walk-in closets, 2 secondary spacious bedrooms have exceptional closets, flex room provides an opportunity for a home office, exercise room or a 2nd living space & utility room complete the 2nd floor. Private backyard & covered patio were upgraded with a turfed green space. Other elevated amenities include: plug in access & portable generator, wiring for Cameras & lutronic switches inside & out + tesla charger & more. Quick access to Downtown, Texas Medical Center, Restaurants, Sports & Entertainment. This home is a must see!

Investor Tools

$612,000

Estimated Property Value

$395,336Estimated Mortgage Balance

$216,664Estimated Equity

36% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,954 /month

Positive

Cash Flow Estimate:

$1,318 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$980/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,696

$546,913

2025

$242,250

$304,663

$546,913

Tax History

Year

Tax Paid

Assessed Value

2024

$8,696

$546,913

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rocket Mortgage Llc

Conventional

$400,000

First

Sep 15, 2025

Oct 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$395,336

$224,664

36%

65%

$2,399/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$2,399/mo

+$181/mo

5.1%

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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