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$623,000

NAL Estimated Property Value

823 Algona Ave, Houston, TX, 77008

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,668 Sq Ft
price_per_sqft$187.03 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Double Oven, Microwave, Gas Range, Dishwasher, Refrigerator
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size1,747 sqft

Building Information

Year Built2017
Garage Spaces1

Land Information

APN1357010010011
Lot Number11
Land UseResidential
Legal DescriptionLT 11 BLK 1 RESERVE AT WASHINGTON SEC 1
Census Tract510902
Assessed Land Value$133,569
Assessed Improvement Value$425,241
Assessment Year2025

About this property

Well appointed home by David Weekly in the Washington Terrace subdivision. Minutes to Downtown and the energy Corridor, Heights, and Museum district. Private gated community with a fully fenced oversized backyard + 4th floor covered deck. 4th floor patio stunning views from the deck to the Galleria area + plumbed for a gas grill and electric for a wall mounted television. This home offers a full sized bedroom w/ en suite bath on the first floor. Real wood floors and designer tile + finishes throughout. High ceilings and custom built ins in the living room. Balcony on second and third floors. Chef's kitchen with island and loads of natural light. Powder bath just off the kitchen. Window treatments to stay. Utility room in house. Primary bedroom retreat with huge walk in closet, frameless shower, double vanities, and soaking tub. This home has never flooded. Great walkability within the private community!

Investor Tools

Property Icon
$623,000
Estimated Property Value
$338,065Estimated Mortgage Balance
$273,000Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,738 /month
Positive
Cash Flow Estimate:
$1,246 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,272/month
$2,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,152
$558,810
2025
$133,569
$425,241
$558,810
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,152
$558,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sierra Lending Group Llc
Conventional
$363,750
No
First
May 21, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$338,065
$266,935
44%
54%
$2,158/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$4,258/mo
$-2,028/mo
4.3%

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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