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$117,000

15360 Chipman Ln # 5360, Houston, TX, 77060

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,256 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$107.48 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Range, Refrigerator
FlooringTile

Building Information

Year Built1972
Stories1
Garage Spaces2

Land Information

APN1033130010034
SubdivisionGreenridge North
Land UseResidential
Legal DescriptionUNIT 15360 BLDG 7 GREENRIDGE NORTH SEC 10 T/H UR
Census Tract222504
Assessed Land Value$19,288
Assessed Improvement Value$82,226
Assessment Year2025

About this property

Beautiful and Very well-maintained 3-bedroom, 2-bathroom patio home featuring an attached 2-car covered parking space. Enjoy a spacious, private L-shaped patio with outdoor lighting, a fan, and a storage closet. The home includes a new back door and sliding glass door. The kitchen sink has been upgraded, along with the hardware in all sinks and both showers. The kitchen has a stylish porcelain penny tile backsplash and unique light fixtures throughout the home. All appliances are included and are just 2 years old! Additionally, a new complete breaker box panel was installed two years ago, and every wall outlet in the home has been replaced. With all-tile flooring and a charming brick wall fireplace, this home is truly move-in ready. Conveniently situated near I-45 and Beltway 8, easy access to major transportation routes, Shopping Centers, Walmart, Home Depot, etc. Call for appointments!

Investor Tools

Property Icon
$117,000
Estimated Property Value
$100,000Estimated Mortgage Balance
$18,611Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$810 /month
Positive
Cash Flow Estimate:
$270 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$134/month
$165/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,021
$101,514
2025
$19,288
$82,226
$101,514
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,021
$101,514

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Vista Point Mortgage Llc
Conventional
$100,000
No
First
Jun 5, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,389
$17,611
15%
84%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$765/mo
+$542/mo
13.4%

Learn About the Market: Opportunity in Houston

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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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