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$158,066

NAL Estimated Property Value

5343 Richmond Ave # 12, Houston, TX, 77056

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths875 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.97 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringVinyl

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1965
Stories1

Land Information

APN1110060000012
SubdivisionThe Courtyards Condo
Land UseResidential
Legal DescriptionUNIT 12 BLDG B .012710 INT COMMON LAND & ELE THE COURTYARDS CONDO
Census Tract432703
Assessed Land Value$30,033
Assessed Improvement Value$128,033
Assessment Year2025

About this property

Chic 2-bed, 1-bath condo for lease in the heart of the Galleria! Located at 5343 Richmond Ave Unit 12, this spacious first-floor courtyard unit offers updated living space with an open floor plan, updated flooring, and plenty of natural light. The kitchen features granite countertops, stainless steel appliances, and a breakfast bar that flows into the dining area. Enjoy in-unit washer/dryer, and reserved covered parking. Gated community with a pool, just minutes from The Galleria, major highways, shopping, and dining. Listed at $1,800/month. Ready for immediate move-in!

Investor Tools

Property Icon
$158,066
Estimated Property Value
$109,044Estimated Mortgage Balance
$49,022Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$948 /month
Positive
Cash Flow Estimate:
$316 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$203/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,640
$158,066
2025
$30,033
$128,033
$158,066
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,640
$158,066

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$121,250
No
First
May 17, 2019
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$109,044
$49,022
31%
69%
$760/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$760/mo
+$880/mo
12.5%

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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5343 Richmond Ave # 12 | Property Details | No Agent List