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$200,000

5129 Penrod Ct, River Oaks, TX, 76114

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths810 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$246.91 / sqft
Year BuiltBuilt in 1943

Property Lead Type:

Must-SellAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesDryer, Gas Range, Washer
FlooringCarpet, Vinyl

Exterior

Lot Size8,115 sqft

Building Information

Year Built1943
Stories1

Land Information

APN34510-5-3
Lot Number3
SubdivisionRiver Oaks Addition (River Oak
Land UseResidential
Legal DescriptionRIVER OAKS ADDITION (RIVER OAK BLOCK 5 LOT 3
Census Tract110500
Assessed Land Value$48,714
Assessed Improvement Value$110,448
Assessment Year2025

About this property

Charming Starter Home in River Oaks – Highly Motivated Seller! Welcome to 5129 Penrod Court, a delightful 2-bed, 1-bath traditional home in the heart of River Oaks Add — perfect for first-time buyers, investors, or anyone looking to downsize! Step inside this cozy home with an open floorplan that offers a natural flow between living, dining, and kitchen areas — ideal for everyday living and easy entertaining. The interior boasts practical carpet and vinyl flooring, ceiling fans, and plenty of natural light, creating a warm and welcoming atmosphere throughout. The functional kitchen includes a gas stove — making move-in day even easier! Outside, you’ll love the huge, fenced backyard with mature trees — a rare find at this price point! This generous outdoor space is perfect for gardening, play, pets, or future expansion. Located on a quiet interior lot in River Oaks, this property sits on about 0.19 acres (8,100+ sq ft) with private driveway parking and plenty of potential. Whether you’re looking for a great starter home, a rental investment, or a downsizing opportunity, this property checks all the boxes. Seller is highly motivated and ready to close. Make this home yours showings today!

Investor Tools

$179,563Estimated Mortgage Balance
$23,316Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,212 /month
Positive
Cash Flow Estimate:
$404 /month

Interested in this property?

Kimberly Bates

Orchard Brokerage

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$407/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,870
$159,162
2025
$48,714
$110,448
$159,162
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,870
$159,162

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Fha
$186,558
Yes
First
Apr 23, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,563
$22,437
11%
89%
$1,119/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,119/mo
+$808/mo
11.4%

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: River Oaks

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5129 Penrod Ct | Property Details | No Agent List