B+

NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$415,000

NAL Estimated Property Value

2114 Ridgemore Drive, Houston, TX, 77055

Off Market

4 Beds

2 Bath

1,894 Sq Ft

Single Family Residence

$192.66 / sqft

Built in 1955

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Convection Oven, Gas Oven, Microwave, Gas Range, Dishwasher

FlooringTile, Wood

Exterior

Lot Size7,701 sqft

Building Information

Year Built1955

Stories1

Garage Spaces1

Land Information

APN0843820000107

Lot Number107

SubdivisionSpringdale

Land UseResidential

Legal DescriptionLT 107 BLK 7 SPRINGDALE SEC 2

Census Tract520601

Assessed Land Value$228,000

Assessed Improvement Value$167,000

Assessment Year2025

About this property

Incredibly updated home in sought after Spring Branch. This home rivals new construction. Open and bright floorpan with soaring ceilings. Refinished and restored original hardwoods, custom built kitchen cabinets, new stainless steel appliances, new recessed lighting, new water lines, new electrical, new quartz countertops, custom built master shower with standalone tub, new windows, new roof, new HVAC system, new water heater, new gutters, and new back patio. Peninsula kitchen with built-in breakfast room bench. Amazing, updated floor-plan with four bedrooms. Walking distance from schools. Don't miss out on this incredible home.

Investor Tools

$415,000

Estimated Property Value

$294,357Estimated Mortgage Balance

$120,643Estimated Equity

29% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,490 /month

Positive

Cash Flow Estimate:

$830 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$467/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,527

$395,000

2025

$228,000

$167,000

$395,000

Tax History

Year

Tax Paid

Assessed Value

2024

$3,527

$395,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bokf Na

Conventional

$332,000

First

Jul 27, 2020

Aug 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$294,357

$120,643

29%

71%

$1,991/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$1,991/mo

+$235/mo

6.4%

Learn About the Market: Opportunity in Houston

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