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$309,000

NAL Estimated Property Value

116 Riley Ln, Houston, TX, 77003

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,365 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$212.45 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1,398 sqft

Building Information

Year Built2007
Garage Spaces2

Land Information

APN1285510020022
Lot Number22
SubdivisionWaterhill Homes On Commerce Street
Land UseResidential
Legal DescriptionLT 22 BLK 2 WATERHILL HOMES ON COMMERCE STREET
Census Tract310101
Assessed Land Value$70,000
Assessed Improvement Value$197,861
Assessment Year2025

About this property

EaDo! Located just east of downtown Houston, bounded by I-69/59 and just minutes from Minute Maid Stadium is the exciting location of this stunning, move-in ready townhome. Explore miles of art projects within walking distance, quirky fun restaurants, parks, walking trails. EaDo has quickly become the inside-the loop-go-to for out of towners and locals alike and this home will not last long so hurry...come check it out. There's space for all your gear, and large walk-in closets are something special, there's even a small yard space for Fido. The beautiful primary bath features a large shower and the community has gated access for security. I love how the kitchen opens to the living and dining area and how the homeowner has taken such great care of this home. It's never been in the rental pool! You have to schedule an appointment to come see so don't hesitate to contact Carol the listing agent for access.

Investor Tools

Property Icon
$309,000
Estimated Property Value
$28,687Estimated Mortgage Balance
$280,313Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,854 /month
Positive
Cash Flow Estimate:
$618 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$491/month
$1,540/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,346
$267,861
2025
$70,000
$197,861
$267,861
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,346
$267,861

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Harris County Fcu
Credit Line (Revolving) / Heloc
$30,000
No
First
Dec 22, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$28,687
$275,313
90%
9%
$180/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,590/mo
$1,720/mo
$-130/mo
6.2%

City: Houston

116 Riley Ln | Property Details | No Agent List