B+

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1view

Owner Contacts

$329,000

NAL Estimated Property Value

2400 Mccue Rd Apt 255, Houston, TX, 77056

Off Market

2 Beds

2 Bath

1,044 Sq Ft

Condos / Townhouses

$2.39 / sqft

Built in 2001

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Electric Cooktop, Electric Range, Dryer, Refrigerator, Washer, Dishwasher

FlooringWood

Exterior

Private Pool

Exterior FeaturesBalcony

Building Information

Year Built2001

Land Information

APN1269490000092

Subdivision2400 Mccue Condo

Land UseResidential

Legal DescriptionUNIT 255 .0092 INT COMMON LAND & ELE 2400 MCCUE CONDO

Census Tract431803

Assessed Land Value$56,455

Assessed Improvement Value$240,674

Assessment Year2025

About this property

GORGEOUS FURNISHED & ALL UTILITIES INCLUDED -AMAZING RENTAL RATE ! Cozy second floor condominium overlooking resort pool. Gleaming hardwoods, Granite countertops and stainless-steel appliances. BONUS: Enjoy relaxing patio/terrace with resort pool view, Includes: Contemporary furniture, electricity, Note: high speed internet modem box just installed , cable, water, trash pick-up, parking garage. Unit is close by to parking garage elevator for easy access to parking. Great value for this amazing condo located within walking distance to Galleria Shopping Mall. Midrise is located in the heart of Uptown Galleria Area, easy access to all major highways, Enjoy all amenities: Fitness Center, Business Conference Center, clubroom & parking garage, EV charging station available. 6 to 12 month léase available. Note : $100 cap rate on electricity & $50.00 cap rate on water usage.

Investor Tools

$329,000

Estimated Property Value

$124,412Estimated Mortgage Balance

$204,588Estimated Equity

62% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,974 /month

Positive

Cash Flow Estimate:

$658 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$491/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,249

$297,129

2025

$56,455

$240,674

$297,129

Tax History

Year

Tax Paid

Assessed Value

2024

$4,249

$297,129

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

On Q Financial Inc

Conventional

$180,000

First

Nov 30, 2012

Dec 2042

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$124,412

$203,588

62%

38%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

N/A

+$1,960/mo

7.1%

Learn About the Market: Opportunity in Houston

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