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Owner Contacts

$1,080,000

NAL Estimated Property Value

2048 Addison Rd, Houston, TX, 77030

Off Market

3 Beds

2 Bath

1,987 Sq Ft

Single Family Residence

$465.48 / sqft

Built in 1936

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Free-Standing Range, Gas Range, Dishwasher, Oven

FlooringTile, Wood

Exterior

Private Pool

Lot Size5,502 sqft

Building Information

Year Built1936

Garage Spaces1

Land Information

APN0640950120027

Lot Number27

SubdivisionSouthgate

Land UseResidential

Legal DescriptionLT 27 BLK 12 SOUTHGATE

Census Tract412201

Assessed Land Value$742,500

Assessed Improvement Value$196,829

Assessment Year2025

About this property

This Charming Bungalow in desirable Southgate has all the appeal of it's 1936 construction with modern conveniences and updates you will love. Beautiful English Garden and Mature Oaks. Original Hardwood Floors & Architectural Details blend seamlessly with Energy Efficient Features. Three bedrms & two baths+Sunroom downstairs which could be used as a 4th bedrm. Huge primary bedrm with sitting area down boasts High Ceilings and Jacuzzi Tub w/ Jets. Light & Bright Sunrm features French Doors leading to the Backyard Oasis featuring a Sparkling Pool+Spa+Fire Pit+Pergola+Extensive Travertine Decking is made for Entertaining. Hardwood Staircase leads to two spacious secondary bedrms, bathrm & a large cedar closet. Recent updates include a new roof in 2021*Resurfaced Pool 2021*Both FULL HVAC Systems*Tankless Water Heater*Encapsulated Crawlspace w/Dehumidified*Anderson Double Pane Windows*Pex Plumbing beneath Home*1.5 blocks/walking distance to TX Med Cntr & 3 Blocks from Rice U*Will Not Last..

Investor Tools

$1,080,000

Estimated Property Value

$0Estimated Mortgage Balance

$1,080,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$6,480 /month

Positive

Cash Flow Estimate:

$2,160 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,052/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$19,221

$939,329

2025

$742,500

$196,829

$939,329

Tax History

Year

Tax Paid

Assessed Value

2024

$19,221

$939,329

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$1,099,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,330/mo

N/A

+$2,330/mo

2.6%

Learn About the Market: Opportunity in Houston

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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.

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