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$185,000

505 Hoffman St, Houston, TX, 77020

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,056 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.19 / sqft
Year BuiltBuilt in 1935

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating

Exterior

Lot Size6,251 sqft

Building Information

Year Built1935
Stories1

Land Information

APN0120830000003
Lot Number3,4
SubdivisionDenver
Land UseResidential
Legal DescriptionLTS 3 & 4 BLK 81 DENVER
Census Tract211600
Assessed Land Value$112,500
Assessed Improvement Value$35,535
Assessment Year2025

About this property

Great investment opportunity in a desirable area of Houston! This 2-bedroom, 1-bath property offers plenty of potential for investors looking to create an income-producing rental, explore short-term rental opportunities, or transform it into a cozy home sweet home. With room for improvements and value-add renovations, this property is a great opportunity to bring your vision to life and unlock its full potential. Don't miss the chance to make this property your next investment!

Investor Tools

$0Estimated Mortgage Balance
$170,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,110 /month
Positive
Cash Flow Estimate:
$370 /month

Interested in this property?

Nadia Deanda

Texas Prominent Realty Inc

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$80/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$114
$148,035
2025
$112,500
$35,535
$148,035
No

Tax History

Year
Tax Paid
Assessed Value
2020
$114
$148,035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$170,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
9.2%

City: Houston