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$185,000

NAL Estimated Property Value

2517 Cumberland St, Houston, TX, 77023

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,068 Sq Ft
price_per_sqft$154.49 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
AppliancesDisposal, Convection Oven, Microwave, Gas Range, Dishwasher

Exterior

Lot Size5,001 sqft

Building Information

Year Built1947
Stories1
Garage Spaces2

Land Information

APN0600570000031
Lot Number31
SubdivisionRiverview
Land UseResidential
Legal DescriptionLT 31 RIVERVIEW
Census Tract311900
Assessed Land Value$100,000
Assessed Improvement Value$68,576
Assessment Year2025

About this property

If you're looking for a property with lots of potential and a great location in Houston, Texas, then this 1947 property could be the perfect investment opportunity for you. This property offers easy access to all the amenities that Houston has to offer. This house has a classic design and features two bedrooms and one bathroom. The interior is full of charm and character. Although the property is in need of significant repairs and renovations, it offers the opportunity to fix and lease the property. In addition to the main house, the property also includes a guest suite located in the spacious backyard. This additional living space offers an excellent opportunity for rental income or could be used as a home office, studio, or workshop. If you're looking for a property with lots of potential and don't mind investing in repairs and renovations, then this 1947 property could be the perfect investment for you.

Investor Tools

Property Icon
$185,000
Estimated Property Value
$120,751Estimated Mortgage Balance
$64,249Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,110 /month
Positive
Cash Flow Estimate:
$370 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$237/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,921
$168,576
2025
$100,000
$68,576
$168,576
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,921
$168,576

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$128,000
No
First
Apr 5, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,751
$78,249
39%
65%
$768/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$768/mo
+$539/mo
8.5%

City: Houston

2517 Cumberland St | Property Details | No Agent List