B+

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Owner Contacts

$189,725

NAL Estimated Property Value

2300 Old Spanish Trail 1040, Houston, TX, 77054

Off Market

2 Beds

2 Bath

1,019 Sq Ft

Condos / Townhouses

$169.28 / sqft

Built in 1983

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Trash Compactor, Microwave, Dishwasher

Building Information

Year Built1983

Land Information

APN1158280070004

SubdivisionRiverwalk Condo Ph 1

Land UseResidential

Legal DescriptionUNIT 1040 BLDG G .418797 INT COMMON LAND & ELE RIVERWALK CONDO PH 1

Census Tract314001

Assessed Land Value$36,048

Assessed Improvement Value$153,677

Assessment Year2025

About this property

IMMACULATE unit for SALE in the heart of the MEDICAL CENTER. The prestigious Riverwalk complex is one of the best in the Medical Center area. The ideal ROOMMATE FLOOR PLAN, this home is SPACIOUS and bright. It even features a small outdoor space in which you can sit and enjoy a cup of coffee in the morning. This unit comes with a SMART THERMOSTAT and NEW stainless steel appliances in the kitchen. Impeccably maintained by the owner. This 2 bedroom, 2 bath GROUND LEVEL apartment is PERFECT for anyone looking to be close to the medical center but also minutes to DOWNTOWN, MUSEUM DISTRICT, MONTROSE and MIDTOWN. Metro bus stop is close by. Very close proximity to the Baylor SHUTTLE and walking distance to the VA hospital. The complex features many AMENITIES, including three pools, recreational facilities, 24/7 access to NEWLY REMODELED FITNESS CENTER with machines/free standing weights and a MANNED GATE. Plenty of parking available. Never flooded! Contact me today for a private showing!

Investor Tools

$189,725

Estimated Property Value

$146,639Estimated Mortgage Balance

$43,086Estimated Equity

22% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,138 /month

Positive

Cash Flow Estimate:

$379 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$267/month

$402/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,250

$189,725

2025

$36,048

$153,677

$189,725

Tax History

Year

Tax Paid

Assessed Value

2024

$2,250

$189,725

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Everett Financial Inc

Conventional

$161,500

First

Jul 29, 2021

Aug 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$146,639

$43,086

22%

77%

$969/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,670/mo

$1,371/mo

+$299/mo

10.6%

Learn About the Market: Opportunity in Houston

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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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