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$576,000

NAL Estimated Property Value

2318 Elmgate Dr, Houston, TX, 77080

Off MarketInfo
Beds6 Beds
Baths3 Bath
Baths2,746 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.1 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Electric Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size7,701 sqft

Building Information

Year Built1970
Garage Spaces2

Land Information

APN1021000000013
Lot Number13
SubdivisionSpring Shadows
Land UseResidential
Legal DescriptionLT 13 BLK 21A SPRING SHADOWS SEC 11
Census Tract522102
Assessed Land Value$217,525
Assessed Improvement Value$235,610
Assessment Year2025

About this property

Traditional spacious 2-story home, complete with 4-6 bedrooms in the highly-sought after Spring Shadows neighborhood. Home has 3 bedrooms down and 3 bedrooms up. Family room perfect for entertaining with wood burning fireplace, granite wet bar, and an abundance of natural light. Galley style kitchen inspires culinary creativity, complete with flat surface cooktop and double ovens. Hardwood floors in both formals, main living, and primary bedroom. Transitioning outside, the sprawling backyard is anchored by a mature tree, hot tub with establishing shade amidst the verdant backdrop for everyday enjoyment. New roof. Located in the heart of Spring Branch, with easy access to I-10, Energy Corridor, City Centre, Memorial City, Galleria, and Downtown, plus popular restaurants and shopping galore.

Investor Tools

Property Icon
$576,000
Estimated Property Value
$0Estimated Mortgage Balance
$576,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,456 /month
Positive
Cash Flow Estimate:
$1,152 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$583/month
$336/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,113
$453,135
2025
$217,525
$235,610
$453,135
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,113
$453,135

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$569,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$336/mo
+$1,890/mo
4.6%

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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2318 Elmgate Dr | Property Details | No Agent List