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Owner Contacts

$302,000

NAL Estimated Property Value

2111 Welch St Apt B119, Houston, TX, 77019

Sold

7/01/26

2 Beds

2 Bath

1,509 Sq Ft

Condos / Townhouses

$1.86 / sqft

Built in 1992

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Instant Hot Water

FlooringLaminate

Exterior

Exterior FeaturesBalcony, Storage

Building Information

Year Built1992

Garage Spaces2

Land Information

APN1216400020019

SubdivisionThe Renaissance At River Oaks

Land UseResidential

Legal DescriptionUNIT B119 .005290 INT COMMON LAND & ELE PRIVATE RESIDENCES CONDO 2ND AMEND THE RENAISSANCE AT RIVER OAKS

Census Tract411100

Assessed Land Value$52,507

Assessed Improvement Value$223,843

Assessment Year2025

About this property

This completely updated home is located in the highly sought after River Oaks area. Zoned to the River Oaks Elementary and Lainer Middle School. The home was completely upgraded with brand new kitchen, bathrooms, and washer and dryer. All flooring was also replaced. Kitchen is equipped with all stainless steel appliances, new customized cabinets and quartz countertops. Bathrooms were upgraded with new vanity, toilet, bath/shower as well. Water heater was replaced in 2022. This unit comes with 2 garage parking spaces. Attached through balcony is a spacious storage room. This unit is located in the B building, overlooking the swimming pool. Gym, mailroom, management office, clubhouse are right downstairs. Gated community guarded by security 24/7, safety is guaranteed. Packages are delivered to your door by property staff.

Investor Tools

$302,000

Estimated Property Value

$173,777Estimated Mortgage Balance

$128,223Estimated Equity

42% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,812 /month

Positive

Cash Flow Estimate:

$604 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$465/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,064

$276,350

2025

$52,507

$223,843

$276,350

Tax History

Year

Tax Paid

Assessed Value

2024

$4,064

$276,350

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Wintex Group Llc

Conventional

$196,000

First

Aug 27, 2020

Sep 2035

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$173,777

$128,223

42%

58%

$1,176/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$1,176/mo

+$784/mo

7.8%

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