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$515,000

2306 Parana Drive, Houston, TX, 77080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,199 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$234.2 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringLaminate, Tile

Exterior

Lot Size7,701 sqft

Building Information

Year Built1972
Stories1
Garage Spaces2

Land Information

APN1024520000012
Lot Number12
SubdivisionSpring Shadows
Land UseResidential
Legal DescriptionLT 12 BLK 23A SPRING SHADOWS SEC 13
Census Tract522102
Assessed Land Value$217,525
Assessed Improvement Value$193,711
Assessment Year2025

About this property

Turnkey, fully renovated and priced to sell in Spring Shadows—one of Spring Branch’s most convenient and established neighborhoods. This home stands out with major system updates already completed, including electrical, plumbing, HVAC, and foundation work with a transferable warranty—giving buyers peace of mind most homes in the area don’t offer. The open layout is bright and functional, featuring updated flooring, energy-efficient windows, and a spacious living area with fireplace and built-ins. The kitchen is a true highlight with custom cabinetry, soft-close drawers, stainless appliances, gas range, and a quartz waterfall peninsula for additional seating. Flexible front room for office or playroom. Both bathrooms are fully updated, and the primary suite offers a walk-in closet and modern bath. All the big-ticket items are done—just move in and enjoy. Easy access to major freeways, shopping, and dining. Strong value for a fully renovated home in this area.

Investor Tools

Property Icon
$515,000
Estimated Property Value
$0Estimated Mortgage Balance
$79,139Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,090 /month
Positive
Cash Flow Estimate:
$1,030 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$238/month
$335/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$278
$411,236
2025
$217,525
$193,711
$411,236
No

Tax History

Year
Tax Paid
Assessed Value
2024
$278
$411,236

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homexpress Mortgage Corp
Conventional
$443,000
No
First
Jun 17, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$435,861
$79,139
15%
85%
$2,657/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$2,992/mo
$-1,270/mo
4.0%

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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2306 Parana Drive | Property Details | No Agent List