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$251,000

5122 Lerwick Dr, Houston, TX, 77084

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,744 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$151.95 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Oven, Electric Cooktop, Electric Range, Dishwasher
FlooringLaminate, Tile, Vinyl

Exterior

Lot Size6,403 sqft

Building Information

Year Built1977
Stories1
Garage Spaces2

Land Information

APN1108460000006
Lot Number6
SubdivisionGlencairn
Land UseResidential
Legal DescriptionLT 6 BLK 6 GLENCAIRN SEC 5
Census Tract541402
Assessed Land Value$95,440
Assessed Improvement Value$147,926
Assessment Year2025

About this property

Welcome to your dream home! This stunning property is the epitome of perfection. W/ freshly painted interiors & exteriors, as well as brand new flooring throughout, this home exudes a sense of elegance that will captivate you. The primary bathroom boasts ample under sink storage, offering a practical solution for keeping everything in order. The kitchen showcases a lovely backsplash, blending seamlessly with the home's natural color palette, creating a harmonious & inviting atmosphere. Aside from the spacious bedrooms, there are additional rooms providing flexible living space, allowing you to adapt the layout to your lifestyle. And on chilly evenings, you can unwind & cozy up by the charming fireplace. Step outside into the fenced backyard, where you'll discover a delightful sitting area, a serene spot to unwind, & savor the joys of nature. W/ its myriad of features and charm, this home is move-in ready, waiting for you to make it yours. Don't let this fantastic opportunity slip away!

Investor Tools

Property Icon
$251,000
Estimated Property Value
$258,236Estimated Mortgage Balance
$5,306Estimated Equity
-3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$224/month
$355/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,429
$243,366
2025
$95,440
$147,926
$243,366
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,429
$243,366

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bay Cu
Fha
$258,236
Yes
First
Sep 8, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,694
$4,306
1%
98%
$1,549/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$1,904/mo
+$136/mo
9.8%

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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5122 Lerwick Dr | Property Details | No Agent List