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$708,000

NAL Estimated Property Value

2505 Elmen St, Houston, TX, 77019

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,290 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$2.33 / sqft
Year BuiltBuilt in 1936

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Washer, Dishwasher
FlooringTile, Wood

Exterior

Lot Size4,948 sqft

Building Information

Year Built1936
Stories1
Garage Spaces1

Land Information

APN0291610000001
Lot Number1
SubdivisionPlainview
Land UseResidential
Legal DescriptionLT 1 BLK 1 PLAINVIEW SEC 1
Census Tract410401
Assessed Land Value$618,750
Assessed Improvement Value$4,550
Assessment Year2025

About this property

This charming 3 bedroom 1 bath bungalow features a separate breakfast room which could be used as a home office. Nice sized living/dining area. Dedicated laundry room with storage. Classic covered front porch, cute kitchen and recently remodeled bathroom. This Great bungalow in walkable Montrose - walk to Empire Cafe, restaurants/retail and grocery stores! Large back yard with patio space and covered carport. Landlord will take care of yard maintenance and watering

Investor Tools

Property Icon
$708,000
Estimated Property Value
$34,336Estimated Mortgage Balance
$673,664Estimated Equity
95% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,248 /month
Positive
Cash Flow Estimate:
$1,416 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,374/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,952
$623,300
2025
$618,750
$4,550
$623,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,952
$623,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$245,400
No
First
Aug 9, 2012
Sep 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$34,336
$705,664
95%
5%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
N/A
+$1,960/mo
3.3%

City: Houston

2505 Elmen St | Property Details | No Agent List