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$420,000

2231 Round Lake Dr, Houston, TX, 77077

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,138 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$196.45 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher

Exterior

Lot Size7,048 sqft

Building Information

Year Built1976
Stories1
Garage Spaces2

Land Information

APN1052880010024
Lot Number24
SubdivisionAshford Village
Land UseResidential
Legal DescriptionLT 24 BLK 1 ASHFORD VILLAGE SEC 3
Census Tract451302
Assessed Land Value$100,133
Assessed Improvement Value$225,441
Assessment Year2025

About this property

This beautiful, remodeled, move-in-ready home offers modern finishes and peace of mind. Step into a bright interior with fresh paint, updated ceiling fans, and a contemporary feel. The kitchen shines with updated cabinetry, countertops, stove, and microwave—perfect for everyday living and entertaining. Both bathrooms are thoughtfully upgraded. The primary bath features a remodeled shower with a sleek glass enclosure, while the secondary bath includes a recently installed tub and updated cabinetry. Major mechanical upgrades include a recently installed HVAC system with new air ducts and a water heater, ensuring efficiency for years to come. Conveniently located near grocery stores, retail, and dining, with easy access to major roadways for effortless commuting. A true turnkey opportunity—ideal for homeowners or investors seeking a low-maintenance property in Houston.

Investor Tools

Property Icon
$441,000
Estimated Property Value
$320,310Estimated Mortgage Balance
$123,953Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,646 /month
Positive
Cash Flow Estimate:
$882 /month

Interested in this property?

Derick Townsend

Morine Empire Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$198/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$169
$325,574
2025
$100,133
$225,441
$325,574
No

Tax History

Year
Tax Paid
Assessed Value
2024
$169
$325,574

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Tejas Flipco Financial Llc
Commercial
$320,310
No
First
Nov 13, 2025
May 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$317,518
$128,482
28%
72%
$1,921/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$2,821/mo
$-591/mo
6.1%

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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2231 Round Lake Dr | Property Details | No Agent List