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$625,000

403 Reinerman St, Houston, TX, 77007

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths2,714 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$230.29 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Full Size, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size2,500 sqft

Building Information

Year Built2003
Stories3
Garage Spaces2

Land Information

APN0440690000080
SubdivisionJohn Reinerman Survey A-642
Land UseResidential
Legal DescriptionTR 31 ABST 642 J REINERMAN
Census Tract510801
Assessed Land Value$237,500
Assessed Improvement Value$314,558
Assessment Year2025

About this property

Located in the heart of Rice Military, this three-story home offers generous living spaces, hardwood floors, and natural light throughout. The first floor features a large secondary bedroom with a full bath and direct access to the sizable backyard, offering plenty of room to relax, entertain, or explore the potential for a pool. Upstairs, the eat in kitchen takes center stage with an oversized island, ample cabinetry, and its own balcony. A dedicated formal dining area with wet bar and wine fridge leads into the expansive living room, complete with a fireplace and second balcony. The third floor is home to the impressive primary suite with vaulted ceilings and an updated bath featuring dual vanities, a soaking tub, and separate shower. A secondary bedroom with en suite bath and the laundry room complete the third floor. All of this plus a private driveway in a prime location near Memorial Park, Washington Avenue, Downtown, and some of Houston’s best dining and entertainment.

Investor Tools

$2,621,272Estimated Mortgage Balance
$615,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

Interested in this property?

Kiley Rapier

Styled Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$924/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,011
$552,058
2025
$237,500
$314,558
$552,058
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,011
$552,058

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Conventional
$3,000,000
No
First
May 15, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,621,272
N/A
0%
426%
$17,987/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$17,987/mo
$-15,407/mo
5.0%

City: Houston

403 Reinerman St | Property Details | No Agent List