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$339,022

NAL Estimated Property Value

915 Franklin Street 3L, Houston, TX, 77002

Off MarketInfo
Beds2 Beds
Baths4 Bath
Baths1,304 Sq Ft
price_per_sqft$203.22 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Double Oven, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringTile, Wood

Building Information

Year Built1997

Land Information

APN1207900000026
SubdivisionBayou Lofts Condo 2nd Amend
Land UseResidential
Legal DescriptionUNIT 3L .0097 INT COMMON LAND & ELE BAYOU LOFTS CONDO 8TH AMEND
Census Tract980700
Assessed Land Value$64,414
Assessed Improvement Value$274,608
Assessment Year2025

About this property

Welcome to Bayou Lofts 3L. Located on the Historical north side of Downtown Houston, this 1300 sq ft plus loft has gone thru a major renovation allowing for privacy in the bedrooms and study yet leaving the open concept feel to the living areas. New kitchen cabinets with soft touch closing doors, Quartz countertops and stainless steel appliances! Beautiful refinished floors and recent paint throughout! Private primary bedroom with generous sized renovated bathroom. This unit even has a private study! Located conveniently close to Market Square Park, multiple restaurants, Buffalo Bayou hike & bike trails, major freeways, sports venues and the theater district. HOA fees include 24/7 concierge, porter, property manger on site plus building engineer 5 days a week, gas, water, sewer, trash pick up, wifi and basic cable. Only thing left is electricity!

Investor Tools

Property Icon
$339,022
Estimated Property Value
$191,376Estimated Mortgage Balance
$147,646Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,034 /month
Positive
Cash Flow Estimate:
$678 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$740/month
$1,116/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,188
$339,022
2025
$64,414
$274,608
$339,022
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,188
$339,022

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$212,000
No
First
Apr 8, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$191,376
$147,646
43%
56%
$1,272/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,830/mo
$2,388/mo
$-558/mo
6.5%

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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