9Days on Market

1view

$260,000

7901 Helmers St, Houston, TX, 77022

On Market

Just Added

3 Beds

2 Bath

1,196 Sq Ft

Single Family Residence

$217.39 / sqft

Built in 1940

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Garage Available

Heating Central

Cooling

AppliancesDishwasher

FlooringTile, Vinyl Plank, Wood

Exterior

Lot Size8,115 sqft

Building Information

Year Built1940

Stories1

Garage Spaces3

Land Information

APN0670540050006

Lot Number6

SubdivisionOakcrest

Land UseResidential

Legal DescriptionLT 6 BLK 5 OAKCREST

Census Tract220400

Assessed Land Value$99,659

Assessed Improvement Value$123,736

Assessment Year2025

About this property

PROPERTY BACK IN MARKET, BUYER COULD NOT NOT PERFORM. This charming single-family home located located in a corner lot with two main entrances. The property boasts 1,196 square feet of finished area, with another 440+ sq ft in the garage, that can be potentially converted to living space/mother in law suite. The generous lot size of 8K square feet offers plenty of outdoor space. Embodying a vintage appeal, this home preserves the character of its era while providing modern amenities for comfortable living. Property has a two car detached garage with full bathroom. Property has been recently renovated with new roof, siding, flooring, paint, and new windows. Minutes away from downtown, and a few blocks away from metro rail.

Investor Tools

$178,867Estimated Mortgage Balance

$44,528Estimated Equity

19% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,560 /month

Positive

Cash Flow Estimate:

$520 /month

Interested in this property?

Gary Bisha

My Castle Realty

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$209/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,394

$223,395

2025

$99,659

$123,736

$223,395

Tax History

Year

Tax Paid

Assessed Value

2024

$1,394

$223,395

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Lendingone Llc

Commercial

$186,750

First

Apr 19, 2024

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$178,867

$44,528

19%

80%

$1,120/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$1,120/mo

+$602/mo

9.2%

Learn About the Market: Opportunity in Houston

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