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$259,999

702 Redondo Dr, Houston, TX, 77015

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,358 Sq Ft
price_per_sqft$110.26 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringTile, Vinyl Plank

Exterior

Lot Size7,797 sqft

Building Information

Year Built1950
Stories1
Garage Spaces1

Land Information

APN0820640000104
SubdivisionHome Owned Estates
Land UseResidential
Legal DescriptionLT 21O4 BLK 73 HOME OWNED ESTATES SEC 5
Census Tract233200
Assessed Land Value$58,470
Assessed Improvement Value$141,319
Assessment Year2025

About this property

Check out this unique multi-family, income-producing opportunity! This property is ideal for investors or owner-occupants looking to generate rental income. Situated under one roof, the main residence features 3 bedrooms and 2 baths. In addition, there are three separate private entry units, each offering a kitchenette, bathroom, and a small living/sleeping area, providing excellent potential for rental income, multigenerational living, guest accommodations, or home office use. Units include individual mini-splits with both cooling/heating options. The property also includes an approximately 23'x14' detached, unfinished structure in the backyard that can be used for storage or as a workshop, or finished to suit your needs (buyer to verify permitted uses). Whether you're looking to expand your investment portfolio or generate additional income by leasing the additional units, this property offers endless possibilities with flexibility and income potential. Call for your showing appt.

Investor Tools

$191,157Estimated Mortgage Balance
$9,328Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

Interested in this property?

Tili Capistran

Intero River Oaks Office

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$300/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,600
$199,789
2025
$58,470
$141,319
$199,789
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,600
$199,789

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rcn Capital Llc
Commercial
$206,250
No
First
Jun 22, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$191,157
$8,632
4%
96%
$1,237/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,237/mo
+$989/mo
13.4%

City: Houston

702 Redondo Dr | Property Details | No Agent List