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Owner Contacts

$236,111

NAL Estimated Property Value

915 Franklin Street 2B, Houston, TX, 77002

Off Market

1 Beds

1 Bath

884 Sq Ft

$260.18 / sqft

Built in 1997

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringTile, Wood

Exterior

Exterior FeaturesStorage

Building Information

Year Built1997

Land Information

APN1207900000002

SubdivisionBayou Lofts Condo 2nd Amend

Land UseResidential

Legal DescriptionUNIT 2B .0065 INT COMMON LAND & ELE BAYOU LOFTS CONDO 8TH AMEND

Census Tract980700

Assessed Land Value$44,861

Assessed Improvement Value$191,250

Assessment Year2025

About this property

Marvelous 1/1 at desirable Bayou Lofts in the heart of Downtown's Historic District! Details include wonderful skyline views, 13' ceilings, exposed brick wall, solid oak hardwood floors, custom solar shades on windows and HUGE Living/Dining area open to Kitchen with large island. Freshly painted in Sept 2024! Refrigerator & full size front loading washer & dryer included in sale. Building offers 24/7 Concierge, gym & rooftop deck with splash pool & amazing views. Monthly HOA fee of $829 includes building & common areas insurance & maintenance, water, sewer, trash, gas & fiber optic internet. Walkable to Market Sq. Park, POST HTX, Buffalo Bayou hike & bike trails, Theater District, Discovery Green Park, Minute Maid Park, Toyota Center, restaurants, bars & ALL Downtown attractions. 1 assigned garage space & 1 storage cage included. HOA DOES NOT ALLOW SHORT TERM AIRBNB TYPE RENTALS.

Investor Tools

$236,111

Estimated Property Value

$212,501Estimated Mortgage Balance

$23,610Estimated Equity

9% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,417 /month

Positive

Cash Flow Estimate:

$472 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$361/month

$862/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,147

$236,111

2025

$44,861

$191,250

$236,111

Tax History

Year

Tax Paid

Assessed Value

2024

$3,147

$236,111

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Prime Lending Inc

Conventional

$216,310

First

May 2, 2025

Jun 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$212,501

$23,610

90%

$1,297/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,530/mo

$2,159/mo

$-629/mo

7.8%

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