B+

NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$499,900

5002 Park Dr, Houston, TX, 77023

Pending

3 Beds

2 Bath

1,365 Sq Ft

Single Family Residence

$366.23 / sqft

Built in 1950

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Microwave, Free-Standing Range, Gas Range, Dishwasher, Oven

FlooringCarpet, Tile, Wood, Vinyl

Exterior

Lot Size5,101 sqft

Building Information

Year Built1950

Garage Spaces2

Land Information

APN0562930000014

Lot Number14

SubdivisionDor Ruth Court

Land UseResidential

Legal DescriptionLT 14 DOR RUTH COURT

Census Tract310600

Assessed Land Value$151,500

Assessed Improvement Value$81,908

Assessment Year2025

About this property

Rare opportunity in one of Houston's most connected pockets! This beautifully remodeled mid-century home offers character, function, and unbeatable proximity, minutes to Downtown, to Med Center and the University of Houston. Compact but thoughtfully designed, every corner has been put to work. Original hardwood floors have been lovingly preserved, while everything behind the walls is brand new: electrical, plumbing, HVAC, and roof. The standout feature! A rare detached 2-car garage with additional storage, PLUS a fully equipped garage apartment featuring 2 bedrooms, 1 bath, and its own laundry — perfect for guests, in-laws, a home office, or rental income. A truly unique find that blends classic Houston charm with modern peace of mind. Don't miss this one!

Investor Tools

$319,000

Estimated Property Value

$322,920Estimated Mortgage Balance

$0Estimated Equity

-1% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,999 /month

Positive

Cash Flow Estimate:

$1,000 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$529/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,753

$233,408

2025

$151,500

$81,908

$233,408

Tax History

Year

Tax Paid

Assessed Value

2024

$4,753

$233,408

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

C3 Impact Fund B Llc

Building Or Construction Loan

$322,920

First

Feb 3, 2026

Mar 2027

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$321,050

N/A

101%

$1,937/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$1,937/mo

$-630/mo

4.9%

Learn About the Market: Opportunity in Houston

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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.

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