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$214,900

5031 Glendower Dr, Spring, TX, 77373

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,641 Sq Ft
price_per_sqft$130.96 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Trash Compactor, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size7,418 sqft

Building Information

Year Built1977
Stories1
Garage Spaces2

Land Information

APN1070620000018
Lot Number18
SubdivisionFairfax
Land UseResidential
Legal DescriptionLT 18 BLK 8 FAIRFAX SEC 2
Census Tract241104
Assessed Land Value$49,781
Assessed Improvement Value$182,890
Assessment Year2025

About this property

Best Deal In The Neighborhood. Turnkey Investment Opportunity with Long-Term Tenant Excellent opportunity for investors seeking stable rental income. This property has been occupied by a reliable tenant for 6 years. Tenant would like to remain with new owner, providing immediate rental continuity & reduced vacancy risk. New HVAC System. 3-bed, 2-bath home sits on a desirable corner lot and features high ceilings with an open-concept layout connecting the kitchen, dining, and family room with a fireplace—an appealing design for long-term tenants. Rent is $1,900 ends 10/31/2026. Recent improvements include a newer roof, helping reduce major capital expenses. Additional highlights include fresh interior paint and a fenced backyard. NEVER FLOODED. Conveniently located near I-45 and the Hardy Toll Road, with easy access to shopping, dining, schools, and minutes from Old Town Spring. Owner/Seller is the listing agent. Schedule your showing & submit your offer.

Investor Tools

$137,114Estimated Mortgage Balance
$95,768Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,396 /month
Positive
Cash Flow Estimate:
$465 /month

Interested in this property?

Adewale Lawal

LPT Realty, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$282/month
$370/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,222
$232,671
2025
$49,781
$182,890
$232,671
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,222
$232,671

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$140,000
No
First
Mar 7, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$137,114
$95,557
41%
59%
$840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
$1,210/mo
+$740/mo
10.1%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Spring

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