ActiveResidential · sale

402 Tuam St #3

Houston, TX 77006

$269,000

  • 2 beds
  • 3 baths
  • 1,930 sq ft
  • 1.43 acres
  • Built 1979

Listed by Realty One Group Prosper · MLS #ACT5606799

Listing status & updates
MLS last changed
Not supplied by this listing source
Availability last checked
No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

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PROPERTY QUESTIONS & SHOWINGS

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402 Tuam St #3, Houston, TX 77006 · MLS #ACT5606799

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Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

Property inquiries go to help@erabrokers.com.

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Third-level bonus room opens to a balcony with downtown skyline views, and both bedrooms catch that same light.

Year built

Built in 1979.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Modern condo in Midtown’s Lovette Square, fully renovated with a sleek contemporary feel. Third-level bonus room opens to a balcony with downtown skyline views, and both bedrooms catch that same light. Open layout makes it ideal for entertaining. Property Eligible for up to 17.5k in grants from BOA! Subject to buyer qualification, buyer to do all due diligence
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THE NEIGHBORHOOD

Explore the location.

402 Tuam St #3, Houston, TX 77006

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1979
Full baths
2
Half baths
1
Garage spaces
2
Cooling
Central Air, Electric
Heating
Central, Electric
Appliances
Cooktop, Electric Cooktop, Dryer, Disposal, Dishwasher, Electric Oven, Microwave, Refrigerator, Washer
Flooring
Carpet, Vinyl
Fencing
Gate
Accessibility
See Remarks
Pool features
None
Subdivision
Lovette Square Condo
Parcel
114-522-001-0003
HOA
Magnolia Property Management
HOA amenities
Insurance, Sewer, Trash, Water
HOA fee frequency
Monthly
Elementary school
Gregory-Lincoln
Middle school
Black
High school
Lamar (Houston)
Annual property tax
$4,678.00
HOA fee
$649.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

Investor outlook Rental potential, ownership costs and property management

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$-233.81
Estimated monthly rent$1,120.83
Cap rate-0.79%

Annual operating income: $-2,133.23

HOA: Includes $649.00 per month in HOA dues, converted from the $649.00 monthly fee reported by the listing source.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

A team for what comes next.

Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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Listing information

MLS #ACT5606799 · Austin Board of Realtors

Listing brokerage: Realty One Group Prosper
Listing agent: Leigh Hearn

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.