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$370,000

723 E 37th St, Houston, TX, 77022

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,928 Sq Ft
price_per_sqft$191.91 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher

Exterior

Lot Size2,400 sqft

Building Information

Year Built2023
Garage Spaces2

Land Information

APN1442100010003
Lot Number3
Land UseResidential Single Family
Legal DescriptionLT 3 BLK 1 INDEPENDENCE HEIGHTS ENCLAVE
Census Tract530300
Assessed Land Value$67,172
Assessed Improvement Value$396,449
Assessment Year2025

About this property

Portfolio Opportunity! Purchase 723, 725, and 727 E. 37th St together for $1,200,000. Properties are being sold AS IS. Located in the rapidly growing Independence Heights area, this modern 3-bedroom, 2.5-bath home offers easy access to Downtown Houston, I-45, Loop 610, shopping, dining, and entertainment. The open-concept floor plan features soaring ceilings, abundant natural light, and a spacious living, dining, and kitchen area ideal for everyday living or investment. The primary suite includes a large walk-in closet and private bath, while the secondary bedrooms share a full bath. Additional features include an epoxy-coated garage floor, EV charging capability, green-certified construction, refrigerator, private balcony, and a fully fenced backyard. No HOA and no known restrictions per seller. Short-term rentals are permitted, making this an excellent investment opportunity.

Investor Tools

$23,864Estimated Mortgage Balance
$439,818Estimated Equity
94% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,782 /month
Positive
Cash Flow Estimate:
$927 /month

Interested in this property?

Jay Kavathia

Momin Properties LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$769/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,908
$463,621
2025
$67,172
$396,449
$463,621
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,908
$463,621

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Noble Capital Servicing Llc
N/A
$29,500
N/A
First
Apr 12, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$23,864
$439,757
94%
5%
$177/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$177/mo
+$1,545/mo
4.5%

City: Houston

723 E 37th St | Property Details | No Agent List