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$4,100

1716 Richmond Ave, Houston, TX, 77098

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,578 Sq Ft
DuplexDuplex
price_per_sqft$1.59 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringTile, Wood

Exterior

Lot Size6,251 sqft

Building Information

Year Built1920
Stories2
Garage Spaces2

Land Information

APN0522660000014
Lot Number14
SubdivisionLancaster Place Extn
Land UseResidential
Legal DescriptionLT 14 BLK 6 LANCASTER PLACE EXTN SEC 2
Census Tract410801
Assessed Land Value$750,000
Assessed Improvement Value$196,641
Assessment Year2025

About this property

Lease this entire duplex! Property has two units each with 1289 sq feet. The entire building has 4 bedrooms and 2 full bathrooms. Each unit is equipped with a kitchen complete with appliances, a laundry unit with the washer and dryer, dining area, and living room spaces. This comes fully furnished but furniture may be removed if necessary. There are separate entrances for the units, and the property has plenty of space in the back for additional parking. A truly unique property, so schedule your tour today!

Investor Tools

$277,142Estimated Mortgage Balance
$669,499Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,680 /month
Positive
Cash Flow Estimate:
$1,893 /month

Interested in this property?

Laura LoGiudice

RE/MAX GO

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,688/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,525
$946,641
2025
$750,000
$196,641
$946,641
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,525
$946,641

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bancorpsouth Bank
Conventional
$340,000
No
First
Jun 14, 2017
Jul 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$277,142
$669,499
70%
29%
$2,039/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,039/mo
+$1,301/mo
4.2%

City: Houston

1716 Richmond Ave | Property Details | No Agent List