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Owner Contacts

$120,705

NAL Estimated Property Value

2120 El Paseo St Apt 511, Houston, TX, 77054

Off Market

1 Beds

2 Bath

964 Sq Ft

Condos / Townhouses

$121.27 / sqft

Built in 1980

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Indoor Fireplace

Heating Central

Cooling

AppliancesElectric Oven, Electric Range, Free-Standing Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer, Oven

FlooringCarpet, Tile

Building Information

Year Built1980

Stories2

Land Information

APN1150040050011

SubdivisionOne Montreal Condo Ph A

Land UseResidential

Legal DescriptionUNIT 511 BLDG E .00349 INT COMMON LAND & ELE ONE MONTREAL CONDO PH A

Census Tract314005

Assessed Land Value$22,934

Assessed Improvement Value$97,771

Assessment Year2025

About this property

Beautifully maintained condo in a quiet gated community near the Medical Center! Open-concept, 2-story, 1 bed/1.5 bathroom plan w/ appealing tile floors in the downstairs living/entertainment space, wood-burning fireplace, & brand new carpet on the stairs & upstairs bedroom. Stainless steel refrigerator, new stainless steel dishwasher, & W&D stay with the home! Community features 2 pools, a tennis court, clubhouse, & courtesy security patrol! Assigned covered parking & ample guest parking. Very convenient access to Medical Center, local Universities, Metro Bus line, UT Shuttle, I-69, 610 Loop, Hwy 288 & I-45! Community & home have never flooded. Clean, modern, functional low-maintenance living ready for immediate move-in...come see today!

Investor Tools

$120,705

Estimated Property Value

$80,929Estimated Mortgage Balance

$39,776Estimated Equity

32% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

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Rent-to-Value Ratio: 0.72%

Rent Estimate

$724 /month

Positive

Cash Flow Estimate:

$241 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$162/month

$350/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,338

$120,705

2025

$22,934

$97,771

$120,705

Tax History

Year

Tax Paid

Assessed Value

2024

$1,338

$120,705

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Crosscountry Mortgage Llc

Conventional

$88,125

First

Jan 7, 2022

Feb 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$80,929

$39,776

32%

67%

$529/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,400/mo

$879/mo

+$521/mo

13.9%

Learn About the Market: Opportunity in Houston

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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.

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