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$145,000

5011 Jones St, Houston, TX, 77016

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths814 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$202.7 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
AppliancesGas Oven, Microwave, Gas Range, Dishwasher

Exterior

Lot Size5,502 sqft

Building Information

Year Built1948
Garage Spaces1

Land Information

APN0640190080019
Lot Number7
SubdivisionForest Lawn
Land UseResidential
Legal DescriptionLT 7 BLK 8 FOREST LAWN
Census Tract230300
Assessed Land Value$56,293
Assessed Improvement Value$85,046
Assessment Year2025

About this property

BACK ON MARKET! This fully renovated 2-bedroom, 1-bath home offers modern comfort and style. Updates include a brand-new roof, plumbing, appliances, and flooring—everything is fresh and ready for you. Nestled on a quiet dead-end street, the location provides privacy and tranquility. The home features a rare 1-car garage for the area and a spacious backyard, perfect for relaxing or entertaining. Conveniently located just 10 minutes from downtown, you’ll enjoy quick access to the city’s amenities while living in a peaceful retreat. Don’t miss this gem!

Investor Tools

Property Icon
$145,000
Estimated Property Value
$157,102Estimated Mortgage Balance
$0Estimated Equity
-8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$990 /month
Positive
Cash Flow Estimate:
$330 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$251/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,290
$141,339
2025
$56,293
$85,046
$141,339
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,290
$141,339

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$157,102
Yes
First
Jun 16, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,571
N/A
0%
107%
$942/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$942/mo
+$365/mo
10.8%

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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5011 Jones St | Property Details | No Agent List