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Days64Days on Market
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$200,000

1005 Bank Drive, Houston, TX, 77547

On MarketInfo
Beds5 Beds
Baths2 Bath
Baths1,959 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$102.09 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central

Exterior

Lot Size6,111 sqft

Building Information

Year Built1951
Stories1
Garage Spaces2

Land Information

APN0771950150022
Lot Number22,23
SubdivisionGalena Manor
Land UseResidential
Legal DescriptionS 37.85 FT OF LT 22 & N 17.15 FT OF LT 23 BLK 15 GALENA MANOR
Census Tract233701
Assessed Land Value$57,129
Assessed Improvement Value$97,877
Assessment Year2025

About this property

The home is tenant occupied and perfect for an investor looking for tenant-occupied properties. This tenant-occupied property offers a great opportunity for investors seeking a cash-flowing asset with long-term stability. The home features a functional layout with comfortable living spaces, making it an attractive option for continued rental use. Conveniently situated with easy access to major highways, including I-10 and the 610 Loop, the property allows for a quick commute to Downtown Houston and surrounding areas. The location also provides close proximity to local schools, parks, and everyday amenities. With a lease in place through 04/30/2027, this property presents a strong investment opportunity with immediate rental income in a steadily growing area.

Investor Tools

$0Estimated Mortgage Balance
$198,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

Interested in this property?

Brook Wilson

FYI Realty - Katy

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$289/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,473
$155,006
2025
$57,129
$97,877
$155,006
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,473
$155,006

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$198,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
N/A
+$1,722/mo
10.4%

Learn About the Market: Opportunity in Houston

Local Market Pages
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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 Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1005 Bank Drive | Property Details | No Agent List