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1view

$471,000

2612 Ridgewood St, Houston, TX, 77006

Off Market

2 Beds

2 Bath

1,296 Sq Ft

Condos / Townhouses

$270.06 / sqft

Built in 1974

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Wine Refrigerator, Microwave, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer

FlooringCarpet, Laminate, Tile, Wood

Exterior

Exterior FeaturesBalcony

Lot Size749 sqft

Building Information

Year Built1974

Stories3

Garage Spaces1

Land Information

APN0382520010004

SubdivisionCherryhurst T/H U/R

Land UseResidential

Legal DescriptionTR 6D BLK 17 CHERRYHURST T/H U/R CHERRYHURST

Census Tract410402

Assessed Land Value$71,250

Assessed Improvement Value$277,903

Assessment Year2025

About this property

Beautiful, Three Story Townhome with Lots of Character Located in Montrose; Has a Gorgeous View of Cherryhurst Park & Century Old Live Oak Trees. Lighted Tennis Court in Park. Exposed Interior Brick Wall on Sides of TH on all 3 Floors Makes You Feel That You are in The Village in Manhattan. Convenient, Updated Kitchen Features Beverage/Wine Fridge, Granite Counter Tops with Plenty of Counter Space, Tile Backsplash & Stainless Steel Appliances. Entertain Your Friends & Family in Living Area w/Soaring Ceilings, Fabulous View of Park & Balcony for Your Favorite Plants! Skylight on 3rd Floor Gives Lots of Natural Light All the Way to the First Floor! Primary Bedroom has a Balcony & an EnSuite Bath w/Walk In Shower. Back Patio off Dining Room is Perfect for Grilling & Relaxing. No HOA Fees! Enjoy all the Close By Restaurants, Coffee Shops, Entertainment, Shopping & Museums. Easy Access to IH 59/69 & I10. This the One You Have Been Waiting for in Montrose!

Investor Tools

$471,000

Estimated Property Value

$187,800Estimated Mortgage Balance

$390,420Estimated Equity

60% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,826 /month

Positive

Cash Flow Estimate:

$942 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$600/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,847

$349,153

2025

$71,250

$277,903

$349,153

Tax History

Year

Tax Paid

Assessed Value

2024

$4,847

$349,153

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rmc Vanguard Mortgage Corp

Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)

$187,800

First

Apr 21, 2005

May 2035

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$80,580

$386,420

82%

17%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

N/A

+$1,960/mo

5.0%

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