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$672,000

NAL Estimated Property Value

2516 Riverside Dr, Houston, TX, 77004

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,840 Sq Ft
price_per_sqft$235.56 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher
FlooringWood

Exterior

Lot Size11,164 sqft

Building Information

Year Built1930

Land Information

APN0611260320004
Lot Number4
SubdivisionRiverside Terrace
Land UseResidential
Legal DescriptionLT 4 BLK 32 RIVERSIDE TERRACE SEC 5
Census Tract313000
Assessed Land Value$254,433
Assessed Improvement Value$406,804
Assessment Year2025

About this property

This elegant 1930 Georgian-style home is situated on .26 acres, minutes from the Medical Center, Hermann Park, the Museum of Fine Arts, the Houston Zoo, and downtown. A new HEB is around the corner. The house was meticulously restored ensuring that its character was left intact. Original features consist of its wrought-iron banister and hardwood flooring. Recent updates include a mahogany front door, windows, HVAC system, electrical wiring, supply-side plumbing, Hunter-Douglas shades, granite countertops, fence, gate, refinished wood floors, and tile in the kitchen and upstairs bathrooms. Upon entry, the spacious proportions of the house are apparent, from the expansive living room to the airy dining room with its striking chandelier. French doors in the living room lead into a sunroom; the primary suite offers an additional sunroom. Landscaping features pomegranates, figs, sycamores, oaks, camellias, hydrangeas, daylilies, and spirea. During Hurricane Harvey, the home did not flood!

Investor Tools

Property Icon
$672,000
Estimated Property Value
$483,980Estimated Mortgage Balance
$188,020Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,032 /month
Positive
Cash Flow Estimate:
$1,344 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,186/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,876
$661,237
2025
$254,433
$406,804
$661,237
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$10,876
$661,237

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Liberty Bank & Trust
Purchase Money Mortgage
$528,000
No
First
Dec 23, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$483,980
$186,020
27%
72%
$3,166/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$3,166/mo
$-940/mo
4.0%

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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