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A+
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$462,000

5001 Woodway Dr Unit 1005, Houston, TX, 77056

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,924 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$189.71 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1975
Stories1

Land Information

APN1089110000005
SubdivisionThe Woodway Condo
Land UseResidential
Legal DescriptionUNIT 1005 .008233 INT COMMON LAND & ELE THE WOODWAY CONDO
Census Tract431702
Assessed Land Value$86,767
Assessed Improvement Value$369,902
Assessment Year2025

About this property

Spacious unit with North facing views and large private terrace well located in sought-after Tanglewood/Uptown Park area of Houston minutes from Memorial Park, Downtown, Medical Center and Galleria Shopping. Fantastic floorplan and preferred views ready for a beautiful remodel.

Investor Tools

Property Icon
$462,000
Estimated Property Value
$0Estimated Mortgage Balance
$462,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,772 /month
Positive
Cash Flow Estimate:
$924 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$407/month
$944/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,570
$456,669
2025
$86,767
$369,902
$456,669
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,570
$456,669

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$504,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$944/mo
+$1,636/mo
6.7%

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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5001 Woodway Dr Unit 1005 | Property Details | No Agent List