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$320,800

NAL Estimated Property Value

5353 Institute Lane C7, Houston, TX, 77005

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,105 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$199.1 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher

Exterior

Private PoolPrivate Pool

Building Information

Year Built1970
Stories1

Land Information

APN1100800000007
SubdivisionUniversity Park Place Condo
Land UseResidential
Legal DescriptionUNIT C7 BLDG C 1.927% INT COMMON LAND & ELE UNIVERSITY PARK PLACE CONDO
Census Tract411902
Assessed Land Value$60,959
Assessed Improvement Value$259,841
Assessment Year2025

About this property

Welcome Home! Centrally located near Rice University, The Medical Center, Museum District, Restaurants, Entertainment and shopping. Well maintained 2 bedroom overlooking the courtyard and pool. Monthly maintenance fees include electricity, water, basic cable, valet trash service, pool, exterior building and ground maintenance. 1 assigned parking spot.

Investor Tools

Property Icon
$320,800
Estimated Property Value
$171,181Estimated Mortgage Balance
$149,619Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,925 /month
Positive
Cash Flow Estimate:
$642 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$687/month
$716/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,645
$320,800
2025
$60,959
$259,841
$320,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,645
$320,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$190,000
No
First
Mar 15, 2021
Apr 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$171,181
$149,619
46%
53%
$1,140/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,856/mo
+$104/mo
7.3%

Learn About the Market: Opportunity in Houston

Local Market Pages
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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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5353 Institute Lane C7 | Property Details | No Agent List