Last 24 Hours
$550,000
1815 Studewood St, Houston, TX, 77008
On Market
Just Added
2 Beds
1 Bath
947 Sq Ft
Single Family Residence
$580.78 / sqft
Built in 1927Property Lead Type:
Absentee OwnerHigh EquityCash Buyers
Highlights
Interior
Bedrooms 2
Bathrooms Full 1
Garage Available
Heating Central
CoolingExterior
Lot Size6,151 sqft
Building Information
Year Built1927
Stories1
Garage Spaces1
Land Information
APN0580020020006
Lot Number6
SubdivisionSheldon
Land UseResidential
Legal DescriptionLT 6 BLK 2 SHELDON
Census Tract511302
Assessed Land Value$584,250
Assessed Improvement Value$43,500
Assessment Year2025
About this property
Rare opportunity in the Houston Heights! 6150 sf lot (per HCAD) currently consists of original bungalow that has been long term rental. Not located in the Houston Heights historic district. Property is being sold for lot value. No survey, buyer to purchase new one. No alley access. Curbed and guttered street with sidewalk. Close to Heights area shops, restaurants, parks and entertainment with a convenient location to downtown. (Drive by only. Do not walk property. Tenant occupied)
Investor Tools
$0Estimated Mortgage Balance
$627,750Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,767 /month
Positive
Cash Flow Estimate:
$1,256 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,289/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,327
$627,750
2025
$584,250
$43,500
$627,750
No
Tax History
Year
Tax Paid
Assessed Value
2024
$12,327
$627,750
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$627,750
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,810/mo
N/A
+$1,810/mo
3.5%
12.4%