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Days24Days on Market
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$239,900

2514 Portland Dr, Richmond, TX, 77406

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,419 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.06 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOven, Microwave, Electric Range, Dishwasher

Exterior

Lot Size7,530 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APN3780-05-015-0150-901
Lot Number15
SubdivisionThe Grove Sec 5
Land UseResidential
Legal DescriptionTHE GROVE SEC 5, BLOCK 15, LOT 15
Census Tract673600
Assessed Land Value$45,500
Assessed Improvement Value$172,237
Assessment Year2025

About this property

Welcome to this move-in ready 3-bedroom, 2-bath ranch home, featuring fresh interior and exterior paint for a crisp, updated look throughout. New LVP flooring and new carpet flow through the home, complementing the living room's charming brick fireplace and creating a warm, inviting atmosphere. The kitchen offers wood cabinetry and a new dishwasher, perfect for everyday cooking and entertaining, while both bathrooms have received a fresh refresh for added appeal. Step outside to a spacious, tree-shaded backyard with a patio, offering the perfect setting for relaxing evenings or weekend gatherings. With so many updates already complete, this home is ready for its next owner — schedule your showing today!

Investor Tools

$246,879Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,476 /month
Positive
Cash Flow Estimate:
$492 /month

Interested in this property?

Stephen Metarelis

Offerpad Brokerage, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$238/month
$215/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,627
$217,737
2025
$45,500
$172,237
$217,737
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,627
$217,737

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pnc Mortgage Llc
Credit Line (Revolving) / Heloc
$84,000
No
First
Jan 6, 2011
Feb 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$246,879
N/A
0%
100%
$1,671/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$1,886/mo
+$234/mo
10.3%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Richmond

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2514 Portland Dr | Property Details | No Agent List