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$283,000

5331 Green Springs Dr, Houston, TX, 77066

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,529 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$98.81 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size9,361 sqft

Building Information

Year Built1975
Stories2
Garage Spaces2

Land Information

APN1057610000010
Lot Number10
SubdivisionGreenwood Forest
Land UseResidential
Legal DescriptionLT 10 BLK 51 017*G6652900-007-051-010 GREENWOOD FOREST SEC 7
Census Tract551202
Assessed Land Value$63,180
Assessed Improvement Value$194,407
Assessment Year2025

About this property

VERBALLY ACCEPTED OFFER Don’t miss out on this charming original owner home in the well-established community of Greenwood Forest. Come and drive up the large drive way to your future home. From the spacious living areas to the large backyard, there is plenty of room for the whole family to enjoy! The living room’s brick fireplace provides comfort and warmth in the winter-time and the courtyard garden/backyard brings year-round delight. This home comes complete with two spacious living rooms, a welcoming dining area, and updated A/C and water heater. Kitchen comes with wood cabinetry and many cabinets and drawers for storage. With easy access to schools, shops, dining, & leisure facilities, this is the ideal place to call home. Be prepared for this to be ‘love at first sight’. ***HIGHEST AND BEST OFFER SUN 3/20 5:00*** VERBALLY ACCEPTED OFFER

Investor Tools

Property Icon
$283,000
Estimated Property Value
$247,000Estimated Mortgage Balance
$54,909Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,698 /month
Positive
Cash Flow Estimate:
$566 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$416/month
$505/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,575
$257,587
2025
$63,180
$194,407
$257,587
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,575
$257,587

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$247,000
No
First
Apr 19, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$228,091
$60,909
21%
81%
$1,481/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,450/mo
$1,986/mo
+$464/mo
10.4%

Learn About the Market: Opportunity in Houston

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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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5331 Green Springs Dr | Property Details | No Agent List