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Owner Contacts

$155,000

9809 Richmond Avenue H8, Houston, TX, 77042

Off Market

2 Beds

2 Bath

1,494 Sq Ft

Condos / Townhouses

$110.44 / sqft

Built in 1977

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Dishwasher

Exterior

Lot Size436 sqft

Building Information

Year Built1977

Stories2

Land Information

APN1141960070008

SubdivisionElm Grove Condo Ph 2

Land UseResidential

Legal DescriptionUNIT 8 BLDG H .010260 INT COMMON LAND & ELE ELM GROVE CONDO PH 2

Census Tract432401

Assessed Land Value$25,543

Assessed Improvement Value$108,896

Assessment Year2025

About this property

GREAT LOCATION! Located conveniently off of Beltway 8 and Richmond Avenue in Westchase district. Situated in a Gated community, this 2-bedroom condo comes with a loft (with closet) upstairs that can be used as a home office, game room or the 3rd bedroom. This home has lots of natural light, high ceilings, balcony, and located on the 2nd floor with no neighbor above you. Two spacious bedrooms with good-size walk-in closets. Refrigerator (2019) and washer dryer included. AC unit installed in 2019. One assigned covered parking and plenty of uncovered parking spots in the complex. The community offers a pool and a covered pavilion for the residents and their guests to use. You’d love the location and the convenience. Easy and quick access to Beltway 8, I-10, Westpark Tollway, and all the restaurants & shopping on Westheimer Road.

Investor Tools

$155,000

Estimated Property Value

$0Estimated Mortgage Balance

$38,865Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$990 /month

Positive

Cash Flow Estimate:

$330 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$215/month

$457/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,804

$134,439

2025

$25,543

$108,896

$134,439

Tax History

Year

Tax Paid

Assessed Value

2024

$1,804

$134,439

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

United Wholesale Mortgage

Conventional

$123,750

First

Jan 6, 2023

Feb 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$116,135

$38,865

25%

75%

$742/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,880/mo

$1,199/mo

+$681/mo

14.6%

Learn About the Market: Opportunity in Houston

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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.

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