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$462,000

5403 Lake Place Dr, Houston, TX, 77041

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,050 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.63 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size8,721 sqft

Building Information

Year Built1997
Garage Spaces2

Land Information

APN1188100010012
Lot Number12
SubdivisionLakes On Eldridge
Land UseResidential
Legal DescriptionLT 12 BLK 1 LAKES ON ELDRIDGE SEC 9
Census Tract540101
Assessed Land Value$92,575
Assessed Improvement Value$334,625
Assessment Year2025

About this property

Come home to a tree-lined street in a manned and gated community in a prestigious neighborhood with beautiful lakes and ponds throughout. Well-maintained, 1 story home with a sparkling pool, spa, rock waterfall & tropical landscaping nestled privately at the end of a cul-de-sac street. Open floor plan, perfect for entertaining, formal dining and den with fireplace. Island kitchen w/granite counters, breakfast bar & desk area. You'll find a large master w/sitting area, walls of windows. The master bath features a separate shower and garden tub. 3rd bedroom w/French doors can also be a study. Wait until you see the size of the closets! Security & Sprinkler system. This beautiful community includes a tennis court, swimming pool, gym, walking trails, playgrounds. Convenient location & easy access to Beltway, 290, I-10. Roof installed summer of 2020. Tiled floors in main areas and new carpet in bedrooms. Enjoy this tropical paradise in your own backyard!

Investor Tools

Property Icon
$462,000
Estimated Property Value
$324,200Estimated Mortgage Balance
$165,945Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,772 /month
Positive
Cash Flow Estimate:
$924 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$387/month
$1,620/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,339
$427,200
2025
$92,575
$334,625
$427,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,339
$427,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Bank
Conventional
$324,200
No
First
Oct 8, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$296,055
$181,945
38%
64%
$1,944/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,250/mo
$3,564/mo
$-1,314/mo
5.8%

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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5403 Lake Place Dr | Property Details | No Agent List