2Days on Market

1view

$119,900

2826 Monticello Dr, Houston, TX, 77045

On Market

Just Added

3 Beds

1 Bath

1,343 Sq Ft

Single Family Residence

$89.28 / sqft

Built in 1957

Property Lead Type:

Deal ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Garage Available

Heating Central

AppliancesGas Range, Dishwasher

Exterior

Lot Size7,179 sqft

Building Information

Year Built1957

Stories1

Garage Spaces1

Land Information

APN0836370000271

Lot Number271

SubdivisionAlmeda Plaza

Land UseResidential

Legal DescriptionLT 271 BLK 10 ALMEDA PLAZA SEC 2

Census Tract330102

Assessed Land Value$60,189

Assessed Improvement Value$99,632

Assessment Year2025

About this property

Handyman Special!! The tenants moved out so the owner decided to sell it "As Is". This house has good bones but needs a little TLC to take it to the next level. This is a great opportunity to buy this property with immediate equity, do some cosmetic work to make it your own and move right in. It's also a great investment opportunity to buy it and start building your own rental portfolio. Investors, the owners are selling their rental portfolio and has about 17 other houses that will soon be available to purchase when the current leases expire. The owners would also consider selling them tenant occupied with immediate cash flow. Contact Clyde for more information. His contact information is in the Agent Remarks.

Investor Tools

$626,601Estimated 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

$1,032 /month

Positive

Cash Flow Estimate:

$344 /month

Interested in this property?

Melissa Youngblood

Renters Warehouse Texas, LLC

Contact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$331/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,111

$159,821

2025

$60,189

$99,632

$159,821

Tax History

Year

Tax Paid

Assessed Value

2024

$3,111

$159,821

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Allegiance Bank

Unknown

$795,340

First

Aug 25, 2016

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$626,601

N/A

364%

$4,769/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$4,769/mo

$-3,047/mo

12.0%

Learn About the Market: Opportunity in Houston

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 This Area