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$197,944

NAL Estimated Property Value

5223 Windemere St, Houston, TX, 77033

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths1,200 Sq Ft
price_per_sqft$162.5 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,159 sqft

Building Information

Year Built1955
Stories1
Garage Spaces1

Land Information

APN0811460000021
Lot Number21
SubdivisionInwood Terrace
Land UseResidential
Legal DescriptionLT 21 BLK 15 INWOOD TERRACE SEC 2
Census Tract332000
Assessed Land Value$66,880
Assessed Improvement Value$131,064
Assessment Year2025

About this property

Turnkey Investment with Tenant in Place – Income from Day One! Located in Houston’s South Park neighborhood, this beautifully updated 4-bedroom, 2-bath home is the perfect addition to your rental portfolio. The property is currently tenant-occupied on a month-to-month lease, giving you the flexibility to either continue with the existing tenant or select one of your own. Fully remodeled with modern finishes and thoughtful upgrades throughout, this home is designed for long-term durability and appeal. Its prime location near Highway 288 offers easy access to Downtown, the Medical Center, and Hobby Airport — ensuring strong and consistent rental demand. Whether you're a seasoned investor or just getting started, this income-producing property offers immediate cash flow with minimal effort. Tenant-occupied – no showings until an executed contract. Secure this solid investment opportunity today and take control of your portfolio's growth!

Investor Tools

Property Icon
$197,944
Estimated Property Value
$132,788Estimated Mortgage Balance
$65,156Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,188 /month
Positive
Cash Flow Estimate:
$396 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$428/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,142
$197,944
2025
$66,880
$131,064
$197,944
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,142
$197,944

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
A&D Mortgage Llc
Conventional
$142,500
No
First
Sep 19, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$132,788
$65,156
32%
67%
$855/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$855/mo
+$1,371/mo
13.5%

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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5223 Windemere St | Property Details | No Agent List