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$384,031

NAL Estimated Property Value

5001 Woodway Dr Unit 705, Houston, TX, 77056

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,534 Sq Ft
price_per_sqft$195.57 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher, Washer/Dryer

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1975
Stories1

Land Information

APN1089080000005
SubdivisionThe Woodway Condo
Land UseResidential
Legal DescriptionUNIT 705 .008233 INT COMMON LAND & ELE THE WOODWAY CONDO
Census Tract431702
Assessed Land Value$72,966
Assessed Improvement Value$311,065
Assessment Year2025

About this property

Two-bedroom, two bath unit that has been recently renovated. This home offers an open concept floor plan, spacious primary suite with an en-suite bath and walk-in closet. This home also boasts lots of natural light, a nice sunroom and also balcony access. Close to the Galleria area and Memorial Park so there are always plenty of things to do nearby.

Investor Tools

Property Icon
$384,031
Estimated Property Value
$203,846Estimated Mortgage Balance
$180,185Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,304 /month
Positive
Cash Flow Estimate:
$768 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$778/month
$1,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,416
$384,031
2025
$72,966
$311,065
$384,031
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,416
$384,031

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Velocity Commercial Capital Llc
Commercial
$207,500
No
First
Jun 27, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$203,846
$180,185
46%
53%
$1,245/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,245/mo
$-285/mo
6.1%

City: Houston