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$500,000

2412 Prospect St, Houston, TX, 77004

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths2,412 Sq Ft
Multi FamilyMulti Family
price_per_sqft$223.84 / sqft
Year BuiltBuilt in 1940

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size6,599 sqft

Building Information

Year Built1940
Garage Spaces2

Land Information

APN0611200000003
Lot Number3
SubdivisionRiverside Terrace
Land UseResidential
Legal DescriptionLT 3 & TR 4A BLK 27 RIVERSIDE TERRACE SEC 3
Census Tract313000
Assessed Land Value$183,675
Assessed Improvement Value$315,522
Assessment Year2025

About this property

This home has been elegantly remodeled throughout with a two unit garage apartments. Main home is 1712sqft per HCAD. Garage Apartments each have kitchen & full bath. Fantastic location in Riverside Terrace, min away from Med Center, TSU, UH, and much more. Open floor-plan perfect for entertaining guests and keeping an eye on the kids. Gorgeous kitchen w/ Quartz countertops, new cabinets and appliances. Gorgeous hardwood flooring throughout the home. Good size Dinning Room and Living Area with a fireplace. Primary bedroom with beautiful bath and closet. Gated driveway and back patio for bbq in the fully fenced backyard. New Roof, New Windows, and much more, as for list of updates. Never Flooded per seller. Buyer to independently verify property condition, room sizes, deed restrictions, etc...

Investor Tools

Property Icon
$500,000
Estimated Property Value
$506,000Estimated Mortgage Balance
$3,669Estimated Equity
-1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,239 /month
Positive
Cash Flow Estimate:
$1,080 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$749/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,492
$499,197
2025
$183,675
$315,522
$499,197
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,492
$499,197

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Luminate Bank
Conventional
$506,000
No
First
Apr 11, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$496,331
$54,669
9%
99%
$3,034/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$3,034/mo
$-1,312/mo
4.1%

Learn About the Market: Opportunity in Houston

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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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2412 Prospect St | Property Details | No Agent List