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$314,000

NAL Estimated Property Value

2040 Pasadena St, Houston, TX, 77023

Off MarketInfo
LeaseInfo
Beds2 Beds
Baths1 Bath
Baths1,271 Sq Ft
price_per_sqft$1.22 / sqft
Year BuiltBuilt in 1947

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Gas Oven, Microwave, Free-Standing Range, Gas Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Oven
FlooringCarpet, Wood

Exterior

Lot Size7,248 sqft

Building Information

Year Built1947
Garage Spaces1

Land Information

APN0690610020008
Lot Number8
SubdivisionLawndale Estates
Land UseResidential
Legal DescriptionLT 8 BLK 2 LAWNDALE ESTATES
Census Tract311200
Assessed Land Value$130,606
Assessed Improvement Value$122,252
Assessment Year2025

About this property

This beautiful 2 bedroom possible 3 bedroom or large den, 1 bathroom home with a large carport located in the the desired East End Revitalized area of Forest Hill Subdivision. This incl Studio Garage Apt in back. This home has the Old Character mixed with New Updates. Original Hardwood floors throughout. Recent updates include, plumbing, electrical, foundation, central air and heat, interior and exterior painting throughout, stackable washer and dryer inside home. ceiling fans in all rooms, freshly painted kitchen, all stainless steel appliances, updated bathroom & carpet in the family den area. Home is conveniently located to Downtown, I-45, 225, 610, I-10. The Metro Bus stop is right off Lawndale. There is also a Garage Apt unit in back available for rent would prefer one family to rent the complete house and apt for $2k total. Lawn Maintenance Included Call for details. This home will not last long. Call today.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$572/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,291
$252,858
2025
$130,606
$122,252
$252,858
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,291
$252,858

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Conventional
$158,200
No
First
Jul 24, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$155,887
$162,113
50%
50%
$949/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$949/mo
+$358/mo
5.0%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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