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$171,000

NAL Estimated Property Value

815 KIPLING 205, Houston, TX, 77006

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths630 Sq Ft
price_per_sqft$198.41 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Dishwasher, Electric Range, Electric Oven
FlooringTile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1968

Land Information

APN1155870010008
SubdivisionKipling Arms Condo
Land UseResidential
Legal DescriptionUNIT H BLDG 1 #205 7.03% INT COMMON LAND & ELE KIPLING ARMS CONDO
Census Tract410703
Assessed Land Value$29,327
Assessed Improvement Value$125,027
Assessment Year2025

About this property

This is a wonderful Quiet condo in a much desired Montrose location on a a tree lined street. Close to downtown, medical center, and colleges perfect for students ,single and newly weds first home very low monthly fees. These condos rarely go on the market and sell fast don't miss out!

Investor Tools

Property Icon
$171,000
Estimated Property Value
$123,306Estimated Mortgage Balance
$47,694Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,026 /month
Positive
Cash Flow Estimate:
$342 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$352/month
$165/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,366
$154,354
2025
$29,327
$125,027
$154,354
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,366
$154,354

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$129,600
No
First
Sep 14, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$123,306
$47,694
27%
72%
$778/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$943/mo
+$697/mo
11.5%

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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815 KIPLING 205 | Property Details | No Agent List