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Owner Contacts

$425,000

NAL Estimated Property Value

2211 Elmgate Dr, Houston, TX, 77080

$436,363 ARV

Off Market

4 Beds

2 Bath

2,031 Sq Ft

Single Family Residence

$209.21 / sqft

Built in 1969

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Double Oven, Gas Cooktop, Dishwasher

FlooringTile, Wood

Exterior

Lot Size7,701 sqft

Building Information

Year Built1969

Stories1

Garage Spaces2

Land Information

APN1020980000032

Lot Number32

SubdivisionSpring Shadows

Land UseResidential

Legal DescriptionLT 32 BLK 19A SPRING SHADOWS SEC 11

Census Tract522102

Assessed Land Value$217,525

Assessed Improvement Value$191,329

Assessment Year2025

About this property

Location, location, location to the finest restaurants, medical, shopping and schools! This gorgeous property is ready for move in now. It has a beautiful Artist ceiling painting in the entry. The elegant formals are there for entertaining. The nice size family room, has a cozy center fireplace. The kitchen over looks the family and breakfast area. There are rich hardwoods through much of the home. There is an office/bedroom with built ins in the first front room. The second bedroom has the now trending wallpaper. The primary bedroom has a large walk in closet. It also has a remodeled bathroom with a nice shower. The home has a gorgeous patio that overlooks the green backyard.

Investor Tools

$425,000

Estimated Property Value

$135,403Estimated Mortgage Balance

$289,597Estimated Equity

67% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$436,362

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,550 /month

Positive

Cash Flow Estimate:

$850 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$196/month

$360/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$222

$408,854

2025

$217,525

$191,329

$408,854

Tax History

Year

Tax Paid

Assessed Value

2024

$222

$408,854

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Network Funding Lp

Conventional

$137,000

First

Sep 26, 2025

Oct 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$135,403

$286,597

67%

32%

$822/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$1,182/mo

+$540/mo

4.9%

Learn About the Market: Opportunity in Houston

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