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$168,000

NAL Estimated Property Value

2300 Old Spanish Trl Apt 1081, Houston, TX, 77054

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,019 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$162.9 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Electric Range, Dishwasher

Building Information

Year Built1983

Land Information

APN1158280160001
SubdivisionRiverwalk Condo Ph 3
Land UseResidential
Legal DescriptionUNIT 1081 BLDG P .418797 INT COMMON LAND & ELE RIVERWALK CONDO PH 3
Census Tract314001
Assessed Land Value$30,344
Assessed Improvement Value$129,361
Assessment Year2025

About this property

RECENTLY REMODELED unit for SALE in the heart of the MEDICAL CENTER. BRAND NEW PAINT, FLOORS and finishes, ready for a new owner. FIRST FLOOR LIVING with easy access to the parking lot and pools. ROOMMATE FLOOR PLAN, SPACIOUS and bright, 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. The complex features many AMENITIES, including three pools, recreational facilities and a MANNED GATE. Plenty of parking available. Contact me today for a private showing!

Investor Tools

Property Icon
$168,000
Estimated Property Value
$103,993Estimated Mortgage Balance
$64,007Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,008 /month
Positive
Cash Flow Estimate:
$336 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$356/month
$395/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,431
$159,705
2025
$30,344
$129,361
$159,705
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,431
$159,705

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$115,200
No
First
Apr 12, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$103,993
$60,007
36%
62%
$691/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
$1,086/mo
+$584/mo
11.9%

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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2300 Old Spanish Trl Apt 1081 | Property Details | No Agent List