$198,500
2703 Morningside Ln, Pasadena, TX, 77506
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh EquityMove-In Ready
Highlights
Interior
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
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%
