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Owner Contacts

$146,065

NAL Estimated Property Value

2300 Old Spanish Trl Apt 2123, Houston, TX, 77054

Off Market

1 Beds

1 Bath

838 Sq Ft

$179 / sqft

Built in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Indoor Fireplace

Heating Central

Cooling

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

FlooringLaminate

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1983

Land Information

APN1158280240011

SubdivisionRiverwalk Condo Ph 2

Land UseResidential

Legal DescriptionUNIT 2123 BLDG X .334955 INT COMMON LAND & ELE RIVERWALK CONDO PH 2

Census Tract314001

Assessed Land Value$27,752

Assessed Improvement Value$118,313

Assessment Year2025

About this property

Welcome to Riverwalk Condominiums! Located within walking distance to the Medical Center and minutes from downtown Houston, this condo combines convenience with comfort. This beautifully updated 1-bedroom, 1-bathroom condo offers a spacious loft area and vaulted ceilings, creating an open and airy atmosphere. Enjoy the brand new stunning faux wood laminate floors and fresh paint throughout, adding a modern touch to your sanctuary. The loft area could be used as a secondary bedroom, game room or office, it also features an over sized closet for additional storage space. Refrigerator, Washer & Dryer INCLUDED! Situated in a secured gated community. Step outside to your private balcony, perfect for morning coffee or evening relaxation. The complex features a serene pond, fitness center, clubhouse & 3 community pools! Monthly fees cover grounds maintenance, water, and exterior insurance, making life hassle-free. Don’t miss this opportunity—schedule your showing today!

Investor Tools

$146,065

Estimated Property Value

$74,784Estimated Mortgage Balance

$71,281Estimated Equity

49% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$900 /month

Positive

Cash Flow Estimate:

$300 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$311/month

$424/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,996

$146,065

2025

$27,752

$118,313

$146,065

Tax History

Year

Tax Paid

Assessed Value

2024

$2,996

$146,065

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rock Mortgage Services Lp

Conventional

$75,000

First

Mar 24, 2026

Apr 2056

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$74,784

$73,216

49%

51%

$450/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,400/mo

$874/mo

+$526/mo

11.5%

Learn About the Market: Opportunity in Houston

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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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