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$185,000

5331 Village Springs Dr, Houston, TX, 77339

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,828 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$101.2 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dryer Included, Refrigerator Included, Washer Included, Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Laminate, Tile, Vinyl Plank

Exterior

Lot Size8,712 sqft

Building Information

Year Built1983
Stories2
Garage Spaces2

Land Information

APN1143850190027
Lot Number27
SubdivisionElm Grove Village
Land UseResidential
Legal DescriptionLT 27 BLK 19 ELM GROVE VILLAGE SEC 2
Census Tract251402
Assessed Land Value$65,756
Assessed Improvement Value$184,641
Assessment Year2025

About this property

INVESTOR SPECIAL! Home need a little TLC. Charm, character & valuable updates come together in this SOLD AS-IS home, offered w/ NO REPAIRS! This 3-bedroom, 2.5-bath Victorian features a welcoming front porch, attached 2-car garage, oversized fenced backyard & a well-built 2-story shed for storage, hobbies or a workshop. Inside, enjoy a large living room w/ wood-look tile floors & a gaslog/wood-burning fireplace, formal dining room w/ bay windows, an island kitchen w/ granite counters, abundant cabinetry & SS appliances. The dining room, kitchen, living room & downstairs half bath were remodeled in 2019; the upstairs bath, primary bedroom & primary bath were updated in 2023. The primary retreat offers a tub, dual sinks & decorative tile. Energy-efficient Power windows were installed in 2023, the AC was replaced in 2015 & the water heater is dated 2013. Convenient Kingwood-area location near schools, shopping, dining & major routes!

Investor Tools

$185,266Estimated Mortgage Balance
$71,734Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,542 /month
Positive
Cash Flow Estimate:
$514 /month

Interested in this property?

Wendy Johnson

Redfin Corporation

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$284/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,126
$250,397
2025
$65,756
$184,641
$250,397
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,126
$250,397

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Together Cu
Conventional
$123,400
No
First
Sep 2, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$185,266
$71,734
27%
72%
$1,229/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,070/mo
$1,679/mo
+$391/mo
9.7%

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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