1Days on Market

1view

$2,800

5118 Indigo St, Houston, TX, 77096

On Market

Just Added

3 Beds

2 Bath

2,028 Sq Ft

Single Family Residence

$1.38 / sqft

Built in 1955

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesMicrowave, Refrigerator, Washer, Dishwasher

Exterior

Lot Size9,361 sqft

Building Information

Year Built1955

Stories1

Garage Spaces2

Land Information

APN0843080000017

Lot Number17

SubdivisionMeyerland

Land UseResidential

Legal DescriptionLT 17 BLK 16 MEYERLAND SEC 2

Census Tract420800

Assessed Land Value$321,300

Assessed Improvement Value$170,132

Assessment Year2025

About this property

Welcome to this beautifully maintained home in Meyerland, fully renovated ranch-style home offers features 3 bedrooms and 2 bathrooms, all on one level with ceramic tile flooring. Enjoy an open floor plan, quartz countertops, new cabinetry, and stainless steel appliances. Upgrades include new electrical wiring, recessed lighting, and plumbing, along with efficient HVAC duct work. The home also boasts a whole-house water softener, a reverse osmosis unit at the kitchen sink, and double-paned windows for energy efficiency. Conveniently located just minutes from downtown, shopping, and the Texas Medical Center. The vibrant neighborhood offers scenic walking paths along the bayou and easy access to freeways.

Investor Tools

$517,000

Estimated Property Value

$0Estimated Mortgage Balance

$517,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,102 /month

Positive

Cash Flow Estimate:

$1,034 /month

Interested in this property?

Shahar Zarfati

Compass RE Texas, LLC - Houston

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,094/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,540

$491,432

2025

$321,300

$170,132

$491,432

Tax History

Year

Tax Paid

Assessed Value

2024

$10,540

$491,432

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$517,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

N/A

+$1,722/mo

4.0%

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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