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Owner Contacts

$383,470

NAL Estimated Property Value

2306 Althea Dr, Houston, TX, 77018

Off Market

3 Beds

2 Bath

1,350 Sq Ft

Single Family Residence

$1.48 / sqft

Built in 1952

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Gas Cooktop, Dryer, Refrigerator, Washer, Dishwasher

FlooringTile, Wood

Exterior

Lot Size7,545 sqft

Building Information

Year Built1952

Stories1

Garage Spaces1

Land Information

APN0731000840021

Lot Number21

SubdivisionOak Forest

Land UseResidential

Legal DescriptionLT 21 BLK 7 OAK FOREST SEC 13

Census Tract531200

Assessed Land Value$383,370

Assessed Improvement Value$100

Assessment Year2025

About this property

Charming home in highly desired OAK FOREST EAST. Easy access to 610, Galleria, Downtown and just steps away from TC Jester jogging/ bike trails and dog park. Original hardwoods throughout with stainless steel appliances and granite countertops. This home features a new high efficiency 2-stage HVAC with smart thermostat, new roof, new sewer & water lines, tiled backsplash, crown molding and a freshly epoxied garage floor that could be used as another room. Off of the living room and through the gorgeous French doors, you will love the large 21 x 18 sunroom with tons of natural light! Out back, there is a patio and an abundance of green space and even a fenced section for your organic garden or pet. Refrigerator, washer & dryer included in lease. This home has never flooded, per seller.

Investor Tools

$383,470

Estimated Property Value

$0Estimated Mortgage Balance

$383,470Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,301 /month

Positive

Cash Flow Estimate:

$767 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$821/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,940

$383,470

2025

$383,370

$100

$383,470

Tax History

Year

Tax Paid

Assessed Value

2024

$7,940

$383,470

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Crestar Mtg Corp

N/A

$55,100

N/A

First

Mar 25, 1996

Apr 2011

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$453,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

N/A

+$1,722/mo

5.4%

Learn About the Market: Opportunity in Houston

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