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$114,000

NAL Estimated Property Value

7314 Forrestal Street, Houston, TX, 77033

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,020 Sq Ft
price_per_sqft$102.94 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
AppliancesFree-Standing Range, Gas Cooktop, Oven
FlooringVinyl

Exterior

Lot Size5,079 sqft

Building Information

Year Built1947
Stories1

Land Information

APN0751890100028
Lot Number28
SubdivisionSouth Park
Land UseResidential
Legal DescriptionLT 28 BLK 10 SOUTH PARK SEC 1
Census Tract332100
Assessed Land Value$71,955
Assessed Improvement Value$31,766
Assessment Year2025

About this property

Charming 3-bedroom home offers a great opportunity for investors or buyers looking to customize to their own taste. Situated on a spacious lot, this property features practical living space & is ready for those seeking a improvement project with good living-in, flipping, or rental potential...this is a great opportunity to add value and/or maximize returns. Garage was converted to a spacious 3rd bedroom, & additional storage. Large backyard for outside living/entertainment…or to expand home. Simple access to employment centers, hospitals, shopping & entertainment. Conveniently located directly off of Highway 610…easily accessible to NRG Stadium, Texas Med Center, Downtown, University of Houston, Texas Southern, and Hobby Airport & much more! Low tax rate & no HOA! Home sold as-is.

Investor Tools

Property Icon
$114,000
Estimated Property Value
$3,441Estimated Mortgage Balance
$110,559Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$684 /month
Positive
Cash Flow Estimate:
$228 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$121/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$879
$103,721
2025
$71,955
$31,766
$103,721
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$879
$103,721

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Statewide Capital Investments Llc
Stand Alone Second / Subordinate Position
$9,850
No
First
Jun 30, 2003
Jul 2004

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,441
$110,559
96%
3%
$60/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$60/mo
+$1,247/mo
13.8%

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.

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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7314 Forrestal Street | Property Details | No Agent List