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$308,299

NAL Estimated Property Value

5222 Memorial Drive 5222, Houston, TX, 77007

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,152 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$277.78 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Electric Oven, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer, Water Purifier
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesCourtyard

Building Information

Year Built1960
Stories1

Land Information

APN1061340000222
SubdivisionHillside T/H Condo
Land UseResidential
Legal DescriptionUNIT 5222 EAST BLDG .0347 INT COMMON LAND & ELE HILLSIDE T/H CONDO 2ND AMEND
Census Tract510803
Assessed Land Value$58,577
Assessed Improvement Value$249,722
Assessment Year2025

About this property

Welcome to Hillside! Located between downtown and Memorial Park, you're sure to love this serene, centrally located, mid-century modern 2nd floor condo, drenched in sunlight and Houston history. Close to the Buffalo Bayou hike & bike trail system and Memorial Park, plenty of outdoor recreation awaits. This affordable unit boasts a fantastic location inside the loop, walkable to the River Oaks Shopping District, retaurants and coffee shops. Unique architcture, coupled with the lush tropical setting makes you forget that you’re in an urban area. Inside the renovated home, you will find floor to ceiling windows, vaulted and beamed ceilings, solid oak floors, Bosch dishwasher and induction range, a built in home office system and more. Outside is a perfectly sized pool and lounge area, 2 covered parking spots, a community garden and an extra storage cabinet.

Investor Tools

Property Icon
$308,299
Estimated Property Value
$257,642Estimated Mortgage Balance
$50,657Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$719/month
$849/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,087
$308,299
2025
$58,577
$249,722
$308,299
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,087
$308,299

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$279,000
No
First
Apr 29, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$257,642
$50,657
16%
84%
$1,673/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,522/mo
$-562/mo
7.6%

City: Houston

5222 Memorial Drive 5222 | Property Details | No Agent List