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Owner Contacts

$485,020

NAL Estimated Property Value

2406 Ruth Street, Houston, TX, 77004

Off Market

3 Beds

3 Bath

2,158 Sq Ft

Single Family Residence

$227.06 / sqft

Built in 1928

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Heating Central

Cooling

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

FlooringWood

Exterior

Lot Size5,776 sqft

Building Information

Year Built1928

Stories2

Garage Spaces1

Land Information

APN0611540000002

Lot Number2

SubdivisionWashington Terrace

Land UseResidential

Legal DescriptionLT 2 BLK 15 WASHINGTON TERRACE

Census Tract312700

Assessed Land Value$187,425

Assessed Improvement Value$297,595

Assessment Year2025

About this property

Location! Location! Location! AND INCOME PRODUCING GARAGE APARTMENT. Looking for a vibrant neighborhood that continues to grow and attract new residents and business tenants; If your answer is yes welcome home! This gorgeous 3 bedroom, 2.5 bath home with formal living & dining rooms is located within walking distance to TSU, biking access to U of H and quick access to the museum district, downtown and med center. Large kitchen features granite counter tops, gas stove and travertine tile. All appliances included (refrigerator, gas stove/oven, microwave, dishwasher, washer/dryer (In garage)). Large master bedroom with double sinks and oversize walk-in closet. Additional amenities include hardwood floors, privacy fence and automatic driveway gate.At the end of the day, relax in the back yard on the large back porch or tend to the herb garden. The garage apartment is included in list price SqFt (425) not included in the 2,158. Great revenue producing property or a beautiful guest retreat.

Investor Tools

$485,020

Estimated Property Value

$348,181Estimated Mortgage Balance

$136,839Estimated Equity

28% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,940 /month

Positive

Cash Flow Estimate:

$980 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$999/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,568

$485,020

2025

$187,425

$297,595

$485,020

Tax History

Year

Tax Paid

Assessed Value

2024

$9,568

$485,020

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Lauren E Schultz

Assumption

$360,000

Yes

First

Jul 14, 2024

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$348,181

$136,839

28%

72%

$2,159/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$2,159/mo

$-437/mo

4.3%

Learn About the Market: Opportunity in Houston

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