B+

NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$168,000

NAL Estimated Property Value

2300 Old Spanish Trl Apt 1129, Houston, TX, 77054

Off Market

2 Beds

2 Bath

1,019 Sq Ft

Condos / Townhouses

$1.62 / sqft

Built in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesElectric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher

FlooringLaminate

Exterior

Private Pool

Building Information

Year Built1983

Land Information

APN1158280260001

SubdivisionRiverwalk Condo Ph 2

Land UseResidential

Legal DescriptionUNIT 1129 BLDG Z .418797 INT COMMON LAND & ELE RIVERWALK CONDO PH 2

Census Tract314001

Assessed Land Value$30,344

Assessed Improvement Value$129,361

Assessment Year2025

About this property

Available for immediate move-in! Great ground level condo in the desirable Riverwalk Community and located in the heart of Houston. Two primary bedrooms have ensuite baths. Laminate wood flooring throughout including bedrooms(no carpet) and cozy fireplace. Washer, Dryer and refrigerator included. 24-hour manned gate security at the front gate, 3 pools, clubhouse, fitness facility and water included! Sliding glass doors lead to an ample patio. Conveniently located across from the VA hospital, easy access to 610 and minutes away from TX Medical Center, Rice University and Museum District, NRG Stadium, Herman Park, trails and restaurants.

Investor Tools

$168,000

Estimated Property Value

$0Estimated Mortgage Balance

$168,000Estimated Equity

100% 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

No HOA

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

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

Jagdish V Patel

Seller Carryback / Seller Financing / Seller Take-Back

$89,550

First

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$168,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,670/mo

N/A

+$1,670/mo

11.9%

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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