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$1,055,000

718 Willard St, Houston, TX, 77006

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,558 Sq Ft
DuplexDuplex
price_per_sqft$1.12 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Lot Size5,001 sqft

Building Information

Year Built1993
Garage Spaces2

Land Information

APN0091010000008
Lot Number8
SubdivisionCave E W
Land UseResidential
Legal DescriptionLT 8 BLK 5 CAVE E W
Census Tract410501
Assessed Land Value$500,000
Assessed Improvement Value$280,000
Assessment Year2025

About this property

This 2 bed, 2.5 bath is located in Montrose, one of Houston's most central and coolest neighborhoods! This unit is a rare 2-story apartment with the living room on the first floor and half bath off of the living. It has spacious sized bedrooms on the second floor, each with its own en suite bathroom and walk in closets. Kitchen has all appliances, plenty of counter space/cabinets, walk in pantry, and utility room has full size washer and dryer. Two covered parking spaces for tenants with plenty of unrestricted street parking available. Walking distance to Midtown, Westheimer, and Buffalo Bayou Park!

Investor Tools

Property Icon
$1,055,000
Estimated Property Value
$350,000Estimated Mortgage Balance
$745,959Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,330 /month
Positive
Cash Flow Estimate:
$2,110 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,747/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,693
$780,000
2025
$500,000
$280,000
$780,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,693
$780,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rock Mortgage Services Lp
Conventional
$350,000
No
First
May 4, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$309,041
$782,959
71%
29%
$2,099/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,099/mo
+$1,241/mo
3.8%

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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718 Willard St | Property Details | No Agent List