Street View

B+

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Owner Contacts

$244,000

5008 Elizabeth City St, Houston, TX, 77021

$259,761 ARV

Off Market

3 Beds

3 Bath

1,643 Sq Ft

Single Family Residence

$154.3 / sqft

Built in 2024

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Ice Maker, Gas Oven, Microwave, Gas Range, Dishwasher

FlooringLaminate, Vinyl

Exterior

Lot Size1,947 sqft

Building Information

Year Built2023

Garage Spaces1

Land Information

APN1465320010004

Lot Number4

Land UseResidential

Legal DescriptionLT 4 BLK 1 SOUTHERN PALM

Census Tract313300

Assessed Land Value$49,649

Assessed Improvement Value$182,023

Assessment Year2025

About this property

Welcome to Your Dream Home in Southern Palm! This beautifully crafted 3-bedroom, 2.5-bathroom home offers 1,643 sq ft of modern living space—just minutes from Downtown Houston! Step inside to discover an open-concept layout filled with natural light and high-end finishes. The spacious living room flows seamlessly into the gourmet kitchen, which boasts stainless steel appliances and a welcoming dining area perfect for family meals or entertaining guests. Retreat to the serene primary suite featuring a spa-like bathroom and a generous walk-in closet. Two additional bedrooms offer flexibility for guests, kids, or a home office. Enjoy the convenience of being close to top-rated schools, shopping, dining, and major highways—all while living in a peaceful, connected neighborhood. Don’t miss your chance to own this stunning home—schedule your private tour today and start making lasting memories! Please Note: This community is subject to income restrictions.

Investor Tools

$244,000

Estimated Property Value

$230,611Estimated Mortgage Balance

$0Estimated Equity

5% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$259,760

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,521 /month

Positive

Cash Flow Estimate:

$507 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$188/month

$150/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,038

$231,672

2025

$49,649

$182,023

$231,672

Tax History

Year

Tax Paid

Assessed Value

2024

$1,038

$231,672

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cadence Bank Na

Conventional

$230,611

First

Nov 7, 2025

Dec 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$277,818

N/A

114%

$1,681/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$1,831/mo

$-109/mo

8.5%

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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