Last 24 Hours
$440,000
2222 Erastus Street, Houston, TX, 77020
$572,000 ARV
On Market
Just Added
2 Beds
1 Bath
5,040 Sq Ft
$87.3 / sqft
Built in 1950Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 2
Bathrooms 1FlooringVinyl Plank
Exterior
Lot Size15,002 sqft
Building Information
Year Built1950
Land Information
APN0131220000004
Lot Number4-6
SubdivisionEnglewood
Land UseCommercial
Legal DescriptionLTS 4 5 & 6 BLK 16 ENGLEWOOD
Census Tract211302
Assessed Land Value$300,000
Assessed Improvement Value$102,415
Assessment Year2025
About this property
Outstanding investment opportunity! This corner-lot property features seven individual 1-bedroom, 1-bathroom units, offering multiple income streams and exceptional upside. Whether you're looking to expand your rental portfolio or take on your next value-add flip, this property is packed with potential. These units have the potential to become a true cash cow, generating strong and consistent rental income for years to come. Don't miss this rare opportunity to maximize your return on investment!
Investor Tools
$473,926Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$572,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,640 /month
Positive
Cash Flow Estimate:
$880 /month
Interested in this property?
ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$870/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,429
$402,415
2025
$300,000
$102,415
$402,415
No
Tax History
Year
Tax Paid
Assessed Value
2024
$8,429
$402,415
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rosegate Capital Partners Llc
Unknown
$485,400
No
First
Apr 1, 2025
Sep 2025
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$473,926
N/A
0%
118%
$2,911/mo
12.4%