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B+
NoAgentList RatingHow are grades calculated? Info
Days18Days on Market
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$219,900

$229,900

2407 Nelwood Dr, Houston, TX, 77038

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,614 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$136.25 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,457 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN1079480000014
Lot Number14
SubdivisionWoodgate
Land UseResidential
Legal DescriptionLT 14 BLK 15 WOODGATE SEC 2
Census Tract533802
Assessed Land Value$36,129
Assessed Improvement Value$203,332
Assessment Year2025

About this property

DYNAMITE 3 bedroom large home possibly THE BEST DEAL in the area...Completely remodeled throughout inside and out...Large living room makes the home look huge for the square footage...Super nice backyard with large back patio perfect for entertaining...PICTURES TELL THE STORY ON THIS HOME...Hurry at this price it will not last!

Investor Tools

Property Icon
$239,461
Estimated Property Value
$159,065Estimated Mortgage Balance
$105,960Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,437 /month
Positive
Cash Flow Estimate:
$479 /month

Interested in this property?

Nikola Knezevic

NB Elite Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$249/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,793
$239,461
2025
$36,129
$203,332
$239,461
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,793
$239,461

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Americas Choice Home Loans Lp
Fha
$159,065
Yes
First
Aug 24, 2018
Sep 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$133,501
$105,960
44%
56%
$954/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$954/mo
+$768/mo
8.6%

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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2407 Nelwood Dr | Property Details | No Agent List