B+

NoAgentList RatingHow are grades calculated?

6view

Owner Contacts

$385,000

NAL Estimated Property Value

2150 Arabelle St, Houston, TX, 77007

Off Market

3 Beds

3 Bath

2,116 Sq Ft

Single Family Residence

$193.29 / sqft

Built in 2003

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator

FlooringCarpet, Laminate, Tile, Wood

Exterior

Lot Size1,629 sqft

Building Information

Year Built2003

Garage Spaces2

Land Information

APN1237420010008

Lot Number8

SubdivisionContemporary Park

Land UseResidential

Legal DescriptionLT 8 BLK 1 CONTEMPORARY PARK SEC 4

Census Tract510901

Assessed Land Value$113,890

Assessed Improvement Value$262,737

Assessment Year2025

About this property

This charming patio home is in a gated community in Cottage Grove. The second floor has a big living room that opens to an updated (2021) kitchen. The kitchen has a gas cooktop, built-in oven, microwave, and fridge. The first floor has a nice entry hall and a guest bedroom. The guest suite has has a recently updated (2022) bath with walk-in shower. The spacious primary bedroom is on the third floor and has a large bathroom with a soaking tub and walk-in shower. The primary bedroom also has a big walk-in closet and built-in dresser. The third bedroom has a built-in desk. The laundry is on the third floor. There are no HOA fees. The home is in a great location, close to restaurants and shopping, with easy access to downtown and Memorial Park. Sellers just replaced the roof this month. It is located very close to a neighborhood park. All per Seller

Investor Tools

$385,000

Estimated Property Value

$359,125Estimated Mortgage Balance

$25,875Estimated Equity

7% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,454 /month

Positive

Cash Flow Estimate:

$818 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$745/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,009

$376,627

2025

$113,890

$262,737

$376,627

Tax History

Year

Tax Paid

Assessed Value

2024

$7,009

$376,627

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cadence Bank Na

$369,550

Yes

First

Oct 11, 2024

Nov 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$359,125

$29,875

93%

$2,216/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$2,216/mo

+$364/mo

8.0%

Learn About the Market: Opportunity in Houston

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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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