7view

Owner Contacts

$494,000

NAL Estimated Property Value

2423 Ralph Street, Houston, TX, 77006

Off Market

3 Beds

4 Bath

2,068 Sq Ft

Condos / Townhouses

$241.3 / sqft

Built in 2001

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

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

FlooringCarpet, Stone, Tile, Vinyl

Exterior

Exterior FeaturesBalcony, Storage

Lot Size1,176 sqft

Building Information

Year Built2001

Stories3

Garage Spaces1

Land Information

APN0180550000005

SubdivisionHyde Park Heights

Land UseResidential

Legal DescriptionTR 5 BLK 8 HYDE PARK HEIGHTS

Census Tract410402

Assessed Land Value$111,625

Assessed Improvement Value$311,632

Assessment Year2025

About this property

Beautifully updated 3 Bedroom 3.5 Bath Townhome + flex space perfectly located in the Montrose area with a view. No HOA. Completely move-in ready & designed for modern comfort & urban lifestyle. 1st floor hosts a bedroom & stylish bath, 2nd floor features the main living area, dining with high ceilings & large eat-in kitchen & stainless steel appliances. On the 3rd floor, find the primary suite which includes two closets, a large spa-like bathroom & whirlpool tub, ideal for unwinding after a long day. Secondary bedroom also located here with an ensuite bath. 4th floor there is a amazing unexpected bonus room that can be used as a study, workout room or just storage as it is an air conditioned private space. 4th floor observation deck with downtown views & plenty of space to grill, relax & enjoy the skyline. Improvements-Roof & Premium Decking 4th Floor (2024) Water Heater (2025) Stucco (2026) So convenient with walkability to restaurants, culture & leisure. Do not miss this one!

Investor Tools

$494,000

Estimated Property Value

$218,031Estimated Mortgage Balance

$275,969Estimated Equity

55% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,994 /month

Positive

Cash Flow Estimate:

$998 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$686/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,767

$423,257

2025

$111,625

$311,632

$423,257

Tax History

Year

Tax Paid

Assessed Value

2024

$5,767

$423,257

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Jpmorgan Chase Bank Na

Conventional

$242,000

First

Mar 25, 2021

Apr 2036

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$218,031

$275,969

55%

44%

$1,451/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$1,451/mo

+$1,129/mo

6.3%

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