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$298,000

NAL Estimated Property Value

2111 Welch Street B308, Houston, TX, 77019

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,390 Sq Ft
price_per_sqft$223.02 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesWasher/Dryer

Building Information

Year Built1992

Land Information

APN1216400020052
SubdivisionThe Renaissance At River Oaks
Land UseResidential
Legal DescriptionUNIT B308 .004870 INT COMMON LAND & ELE PRIVATE RESIDENCES CONDO 2ND AMEND THE RENAISSANCE AT RIVER OAKS
Census Tract411100
Assessed Land Value$55,969
Assessed Improvement Value$238,606
Assessment Year2025

About this property

This 2-bedroom, 2-bath condo with a private patio is situated in the heart of the prestigious and upscale River Oaks within a condominium complex that covers a whole city block. This condo features high ceilings, hardwood flooring throughout (installed in 2016) and remodeled bathrooms (2016). The primary suite bathroom includes double sinks and an oversized standalone shower. Both primary and bedroom closets are customed designed to store your belongings neatly and fashionably. This unit comes with one assigned parking space near the elevator. The community features an outdoor swimming pool, fitness gym, clubhouse, outdoor picnic areas, a 24/7 manned gate within an impeccably maintained property. Besides being just minutes from Upper Kirby, West Gray shopping, Downtown, and the Galleria, you'll also find a variety of restaurants, shopping centers, and grocery stores within walking distance. Don’t miss out on the opportunity to make this home!

Investor Tools

Property Icon
$298,000
Estimated Property Value
$213,344Estimated Mortgage Balance
$84,656Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,860 /month
Positive
Cash Flow Estimate:
$620 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$635/month
$780/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,128
$294,575
2025
$55,969
$238,606
$294,575
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,128
$294,575

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bay Equity Llc
Conventional
$217,500
No
First
Apr 25, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$213,344
$84,656
28%
72%
$1,305/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,085/mo
$-125/mo
7.9%

City: Houston

2111 Welch Street B308 | Property Details | No Agent List