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$652,000

5018 Fairmont St, Houston, TX, 77005

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,269 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$198.33 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Refrigerator, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Wood

Exterior

Lot Size1,150 sqft

Building Information

Year Built1995
Stories3
Garage Spaces1

Land Information

APN0552870000035
SubdivisionCollege Court Place
Land UseResidential
Legal DescriptionTR 16A BLK 12 COLLEGE COURT PLACE
Census Tract411801
Assessed Land Value$177,100
Assessed Improvement Value$309,599
Assessment Year2025

About this property

Lock and Leave in desirable West U area! Two bedroom, 2 bath townhome situated on tree-lined street. Gated entry leads to first floor bedroom or study and full bath, large walk-in closet and French doors to small patio area. 2nd floor features a beautiful living area with gaslog fireplace, tall ceilings and immaculate hardwood floors. Off living is dining area, kitchen and breakfast room with utility closet and half bath. Primary suite encompasses entire third floor with sitting area, two-walk-in closets and en-suite bath. 2-car attached garage, plantation shutters, plenty of natural light. In close proximity to state-of the-art neighborhood parks, Zoned to West U Elementary (buyer to verify eligibility and acceptance) with convenient location to Downtown, Med Center, shopping and restaurants. All per seller.

Investor Tools

Property Icon
$652,000
Estimated Property Value
$0Estimated Mortgage Balance
$652,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,912 /month
Positive
Cash Flow Estimate:
$1,304 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$803/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,375
$486,699
2025
$177,100
$309,599
$486,699
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,375
$486,699

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$580,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
N/A
+$1,960/mo
3.6%

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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5018 Fairmont St | Property Details | No Agent List