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$195,000

NAL Estimated Property Value

2523 Balmorhea Avenue, Houston, TX, 77039

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,107 Sq Ft
price_per_sqft$161.7 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher

Exterior

Lot Size8,808 sqft

Building Information

Year Built1978
Stories1

Land Information

APN0963290000140
Lot Number140
SubdivisionCastlewood Tract B U/R
Land UseResidential
Legal DescriptionLT 14O CASTLEWOOD TRACT B U/R
Census Tract222900
Assessed Land Value$34,780
Assessed Improvement Value$133,356
Assessment Year2025

About this property

Discover comfort and style in this cozy 3-bedroom, 2-bath home with recent updates throughout. Enjoy a newly landscaped front yard, new shutters, updated flooring, fresh neutral paint, and modernized bathrooms—all designed for a move-in-ready experience. Each room is equipped with brand-new ceiling fans, ensuring comfort year-round. The home sits on a large lot, offering ample space for outdoor enjoyment. Conveniently located close to freeway access, making commutes a breeze. This inviting home is ready for you—schedule your showing today!

Investor Tools

Property Icon
$195,000
Estimated Property Value
$91,354Estimated Mortgage Balance
$103,646Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,170 /month
Positive
Cash Flow Estimate:
$390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$202/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,452
$168,136
2025
$34,780
$133,356
$168,136
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,452
$168,136

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Civic Financial Services Llc
Commercial
$102,000
No
First
Dec 31, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$91,354
$103,646
53%
47%
$612/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$612/mo
+$1,110/mo
10.6%

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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2523 Balmorhea Avenue | Property Details | No Agent List