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Owner Contacts

$438,000

NAL Estimated Property Value

5307 Spellman Rd, Houston, TX, 77096

Off Market

3 Beds

2 Bath

1,996 Sq Ft

Single Family Residence

$255.01 / sqft

Built in 1954

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Trash Compactor, Microwave, Gas Cooktop, Dishwasher, Dryer, Refrigerator, Washer

FlooringMarble, Wood

Exterior

Lot Size8,490 sqft

Building Information

Year Built1954

Stories1

Garage Spaces1

Land Information

APN0860050000038

Lot Number38

SubdivisionWestbury

Land UseResidential

Legal DescriptionLT 38 BLK 47 WESTBURY SEC 3

Census Tract422000

Assessed Land Value$188,325

Assessed Improvement Value$205,315

Assessment Year2025

About this property

Welcome home! This home has been completely remodeled and has designer touches throughout, including accent walls, marble tile, wine niche, quartz countertops, wood floors throughout, and more. Also boasts a primary suite with a huge walk-in closet and a bathroom to rival any resort. Upgrades include all new electrical wiring and plumbing, new roof, new driveway, new hot water heater, new cabinets, recessed lighting, all new doors, new windows, new HVAC and ducts, new upgraded electrical panel, Samsung appliances, wood deck with gas hook-up for grilling, and new garage door opener. Extensive work was done to the exterior of this house also which has freshly painted brick, exterior lighting, and beautiful landscaping. There are numerous mature trees on this lot and the backyard is great for the kids and for entertaining. THIS HOME HAS NEVER FLOODED PER SELLER AND IS NOT IN A FLOOD ZONE!

Investor Tools

$438,000

Estimated Property Value

$375,337Estimated Mortgage Balance

$62,663Estimated Equity

9% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,054 /month

Positive

Cash Flow Estimate:

$1,018 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$708/month

$335/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,300

$393,640

2025

$188,325

$205,315

$393,640

Tax History

Year

Tax Paid

Assessed Value

2024

$6,300

$393,640

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Home Point Financial Corporation

Conventional

$407,200

First

Mar 15, 2022

Apr 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$375,337

$39,663

86%

$2,442/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$2,777/mo

$-1,055/mo

4.7%

Learn About the Market: Opportunity in Houston

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