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$384,000

5005 Nina Lee Ln, Houston, TX, 77092

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,486 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$261.78 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Gas Range

Exterior

Lot Size6,538 sqft

Building Information

Year Built1953
Stories1

Land Information

APN0804530000010
Lot Number10
SubdivisionOak Forest
Land UseResidential
Legal DescriptionLT 10 BLK 23 OAK FOREST SEC 16
Census Tract531400
Assessed Land Value$195,600
Assessed Improvement Value$130,020
Assessment Year2025

About this property

This charming 4 bed, 2 bath, updated home is picture perfect. With an abundance of natural light throughout the house, the floor plan boasts a wall of windows in the living room leading into to the beautifully manicured side yard and patio with the perfect area for a fire pit and entertaining. The living area also flows into the dining area featuring designer lighting and extended, airy ceilings leading into the bright, updated kitchen adorned with Shaker style cabinets and granite countertops. The expansive and private guest suite ideally situated for guests or working from home. Updates include paint inside and out, new roof, A/C unit, insulation, and more (per previous seller). Highly sought-after central location in Oak Forest West with easy access to major highways and downtown! This home never flooded and is a must see!

Investor Tools

Property Icon
$384,000
Estimated Property Value
$380,950Estimated Mortgage Balance
$32,213Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,334 /month
Positive
Cash Flow Estimate:
$778 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$740/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,963
$325,620
2025
$195,600
$130,020
$325,620
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,963
$325,620

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$380,950
No
First
Apr 8, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$351,787
$51,213
12%
92%
$2,284/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$2,284/mo
$-58/mo
7.0%

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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5005 Nina Lee Ln | Property Details | No Agent List