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$165,000

818 E 40th St, Houston, TX, 77022

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths480 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$343.75 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size3,999 sqft

Building Information

Year Built2017

Land Information

APN0211350690008
Lot Number8
SubdivisionIndependence Heights Park
Land UseResidential
Legal DescriptionLT 8 BLK 69 INDEPENDENCE HEIGHTS PARK
Census Tract530300
Assessed Land Value$112,000
Assessed Improvement Value$84,319
Assessment Year2025

About this property

Home was previously gutted and much of it reframed. In 2018, the new owner upgraded the electrical, plumbing, insulation, sheetrock, and more! Home also comes with a tankless water heater, cement board siding, double pane windows, and more. More pictures coming soon of the interior. The inside still needs some finishing touches, but it's an excellent price for a tiny home near the Heights and 610. This 1/1 home affords you an affordable and simplistic lifestyle, without having to spend too much.

Investor Tools

$81,324Estimated Mortgage Balance
$138,676Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

Interested in this property?

Evan Compean

Compean Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$449/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,283
$196,319
2025
$112,000
$84,319
$196,319
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,283
$196,319

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Inc
Stand Alone First / Home Equity First Lien
$96,000
No
First
Feb 28, 2019
Mar 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$81,324
$138,676
63%
37%
$576/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,095/mo
$576/mo
+$519/mo
6.0%

City: Houston

818 E 40th St | Property Details | No Agent List