$530,000
NAL Estimated Property Value815 W Gray Street, Houston, TX, 77019
Off Market
Commercial
Highlights
Interior
AppliancesRange, Disposal, Refrigerator
FlooringWood, Hardwood
Exterior
Lot Size5,001 sqft
Building Information
Year Built1930
Stories1
Land Information
APN0560530000011
Lot Number11
SubdivisionWest Gray Terrace
Land UseResidential
Legal DescriptionLT 11 BLK 1 WEST GRAY TERRACE
Census Tract410202
Assessed Land Value$475,000
Assessed Improvement Value$29,051
Assessment Year2025
About this property
Great investment opportunity in Montrose/River Oaks! This triplex property is 100% leased in a fabulous location within walking distance to Buffalo Bayou Park, restaurants and stores. No deed restrictions, so there are numerous possibilities for redevelopment. Please note this property is occupied. Contact listing agent for an appointment.
Investor Tools
$530,000
Estimated Property Value
$430,318Estimated Mortgage Balance
$99,682Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,180 /month
Positive
Cash Flow Estimate:
$1,060 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,092/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,450
$504,051
2025
$475,000
$29,051
$504,051
No
Tax History
Year
Tax Paid
Assessed Value
2024
$10,450
$504,051
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Matador Lending Llc
Conventional
$337,500
No
First
Oct 15, 2021
Nov 2051
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$430,318
$99,682
18%
81%
$2,816/mo
