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B+
NoAgentList RatingHow are grades calculated?Info

$388,000

NAL Estimated Property Value

5 April Point Drive S, Montgomery, TX, 77356

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,516 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$258.25 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Water Softener, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Tile

Building Information

Year Built1978
Stories2
Roof Type127
Garage Spaces1

Land Information

APN2147-00-00500
SubdivisionApril Point 01
Land UseResidential
Legal DescriptionS214700 - APRIL POINT 01, BLDG A UNIT 5
Census Tract694309
Assessed Land Value$35,000
Assessed Improvement Value$294,868
Assessment Year2025

About this property

Stunning lakefront condo with 3 bedroom 2 baths and 2 car carport. Don’t miss out on this opportunity to enjoy the lake life at a very affordable price. This unit is tastefully furnished, and most furnishings are included. All you need is a change of clothes and a toothbrush. Both bathrooms have been beautifully updated recently. Conveniently located to many local restaurants. April Sound has loads of amenities to choose from, such as a marina, fitness center, clubhouse, and multiple pools.

Investor Tools

Property Icon
$388,000
Estimated Property Value
$213,955Estimated Mortgage Balance
$174,045Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,349 /month
Positive
Cash Flow Estimate:
$783 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$776/month
$491/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,373
$329,868
2025
$35,000
$294,868
$329,868
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,373
$329,868

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$239,850
No
First
Oct 28, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$213,955
$174,045
44%
55%
$1,439/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Montgomery

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5 April Point Drive S | Property Details | No Agent List