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$198,500

2703 Morningside Ln, Pasadena, TX, 77506

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,227 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.78 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesGas Range

Exterior

Lot Size6,930 sqft

Building Information

Year Built1960
Stories1
Garage Spaces2

Land Information

APN0903670000031
Lot Number31
SubdivisionRed Bluff Terrace
Land UseResidential
Legal DescriptionLT 31 BLK 2 RED BLUFF TERRACE SEC 6 R/P
Census Tract322800
Assessed Land Value$57,885
Assessed Improvement Value$99,817
Assessment Year2025

About this property

Welcome Home! Move-in ready 3 bedroom home with a unique floorplan, original hardwood floors, abundance of natural light. The kitchen boasts contemporary finishes for a clean, modern look. Bonus room-Relax in the inviting Sun Room, on the private Patio Retreat surrounded by a spacious backyard for entertaining, gardening, or play. No HOA. Enjoy this quiet neighborhood, Pasadena's most desirable neighborhoods. Great for investors or potential AIR BNB. Don't miss out on this gem for your new home or investment opportunity!

Investor Tools

$61,843Estimated Mortgage Balance
$145,157Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,242 /month
Positive
Cash Flow Estimate:
$414 /month

Interested in this property?

Marvy Mendoza

HomeSmart

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$98/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$144
$157,702
2025
$57,885
$99,817
$157,702
No

Tax History

Year
Tax Paid
Assessed Value
2024
$144
$157,702

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
David Claxton
Purchase Money Mortgage
$65,000
No
First
Feb 5, 2024
Mar 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$61,843
$145,157
70%
30%
$390/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$390/mo
+$1,332/mo
10.0%

City: Pasadena

2703 Morningside Ln | Property Details | No Agent List