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Owner Contacts

$2,185,000

NAL Estimated Property Value

2317 Ashland St, Houston, TX, 77008

Off Market

Commercial

4 Beds

4 Bath

6,374 Sq Ft

$266.55 / sqft

Built in 1925

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesWater Heater, Disposal, Microwave, Dishwasher

FlooringSlate, Wood, Hardwood

Exterior

Lot Size13,098 sqft

Building Information

Year Built1925

Garage Spaces2

Land Information

APN0200420000001

Lot Number1-4

SubdivisionHouston Heights

Land UseResidential

Legal DescriptionLTS 1 2 3 & 4 BLK 46 HOUSTON HEIGHTS

Census Tract511501

Assessed Land Value$1,244,500

Assessed Improvement Value$940,500

Assessment Year2025

About this property

Former carriage house has 2 units. Guest quarters/efficiency apartment down is currently vacant and has a full bath and kitchenette. It was leased for $1200/mo. One bedroom apartment up is leased for $1300/mo until Nov 2021. The garage apt is leased until Jan 31, 2021 for $1300/month. You couldn't ask for better tenants! Main house could rent for $6500. Outside, the home features endless greenspace, a wraparound porch, courtyard & koi pond. Carriage house and garage apt are included in the sq ft listed. The carriage house (1284 SF) boasts a 1 bedroom apt up in addition to guest quarters down with a full bath and kitchenette. Above the garage is a 624 SF 2 bedroom apt. Enjoy being just a block away from the MKT hike and bike trail.

Investor Tools

$2,185,000

Estimated Property Value

$1,544,109Estimated Mortgage Balance

$640,891Estimated Equity

29% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$13,110 /month

Positive

Cash Flow Estimate:

$4,370 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$4,220/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$39,713

$2,185,000

2025

$1,244,500

$940,500

$2,185,000

Tax History

Year

Tax Paid

Assessed Value

2024

$39,713

$2,185,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Prime Lending Inc

Conventional

$1,560,000

First

Oct 28, 2025

Nov 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,544,109

$640,891

29%

71%

$9,353/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,230/mo

$9,353/mo

$-7,123/mo

1.2%

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