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$585,000

5015 Elysian St, Houston, TX, 77009

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,800 Sq Ft
Year BuiltBuilt in 1945

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,001 sqft

Building Information

Year Built1945
Stories1

Land Information

APN0311500000006
Lot Number7
SubdivisionRyon
Land UseResidential
Legal DescriptionLT 7 BLK 150 RYON
Census Tract210700
Assessed Land Value$150,000
Assessed Improvement Value$153,280
Assessment Year2025

About this property

Excptional Opportunity to Build Just Minutes from Downtown Houston! Cleared, build-ready lot in one of Houston's fastest-growing neighborhoods. Save time and money with a site that's already cleared and ready for construction. Enjoy unbeatable convenience with quick access to Downtown Houston, the Heights, Hardy Yards, I-45, I-10, and US-59, making commuting and enjoying the city's best dining, entertainment, and employment centers a breeze. The area is experiencing significant new development, making this an excellent opportunity for homeowners, builders, and investors alike.

Investor Tools

Property Icon
$308,000
Estimated Property Value
$75,000Estimated Mortgage Balance
$236,165Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,510 /month
Positive
Cash Flow Estimate:
$1,170 /month

Interested in this property?

Gary Bisha

My Castle Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$471/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,117
$303,280
2025
$150,000
$153,280
$303,280
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,117
$303,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Trustmark National Bank
Credit Line (Revolving) / Heloc
$75,000
No
First
Mar 8, 2024
Mar 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$71,835
$236,165
76%
23%
$450/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$450/mo
+$857/mo
5.1%

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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5015 Elysian St | Property Details | No Agent List