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$275,000

719 E 40th 1/2 Street, Houston, TX, 77022

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,706 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.2 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal
FlooringTile, Vinyl Plank

Exterior

Lot Size5,462 sqft

Building Information

Year Built1964
Stories1
Garage Spaces3

Land Information

APN0610560230007
Lot Number7
SubdivisionWhitney Place
Land UseResidential
Legal DescriptionLT 7 BLK 23 WHITNEY PLACE SEC 2
Census Tract530400
Assessed Land Value$141,210
Assessed Improvement Value$87,639
Assessment Year2025

About this property

Completely updated one-story home showcasing modern, high-end finishes throughout. The open-concept layout features new luxury vinyl plank flooring in all main areas and bedrooms. Spacious living room offers a new picture window, recessed LED lighting, and space for a custom bar area plumbed for a mini fridge and sink. The stylish kitchen boasts quartz countertops, new cabinets, new stainless steel range & vent hood, floating shelves, and an island with additional seating. The primary suite includes a fully renovated bath with a custom walk-in shower featuring floor-to-ceiling porcelain tile, tile flooring, rain head, designer hardware, and a large walk-in closet. The guest bath is also fully remodeled with floor-to-ceiling tile, tile flooring, new vanity, and luxury finishes. Half of the interior walls have new drywall and insulation for added energy efficiency. Updates include a new roof, painted brick, new garage door, updated lighting, and new front & back doors. MOTIVATED SELLER!

Investor Tools

$257,484Estimated Mortgage Balance
$31,516Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,734 /month
Positive
Cash Flow Estimate:
$578 /month

Interested in this property?

Kyler Ferris

Ferris Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$122/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22
$228,849
2025
$141,210
$87,639
$228,849
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$22
$228,849

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Secured Investment High Yield Fund Llc
Commercial
$262,500
No
First
May 16, 2025
Jun 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$257,484
$31,516
10%
89%
$1,574/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,574/mo
+$148/mo
7.2%

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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719 E 40th 1/2 Street | Property Details | No Agent List