101Days on Market

2view

$485,000

5407 Lake Place Drive, Houston, TX, 77041

On Market

3 Beds

3 Bath

2,813 Sq Ft

Single Family Residence

$172.41 / sqft

Built in 1996

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Convection Oven, Electric Oven, Oven, Microwave, Electric Cooktop, Dishwasher

FlooringCarpet, Tile, Wood

Exterior

Lot Size5,563 sqft

Building Information

Year Built1996

Garage Spaces2

Land Information

APN1188100010013

Lot Number13

SubdivisionLakes On Eldridge

Land UseResidential

Legal DescriptionLT 13 BLK 1 LAKES ON ELDRIDGE SEC 9

Census Tract540101

Assessed Land Value$88,147

Assessed Improvement Value$336,853

Assessment Year2025

About this property

Welcome to 5407 Lake Place Drive, a well appointed 2800 SF single family in the Gated Community of the Lakes on Eldridge. Ideally located on a quiet cul-de-sac with a great floor plan featuring a Primary bedroom on the first level, a large Game Room up, good size family room, formal dining and home office/study. The home has been freshly painted inside and out, recent roof & air conditioning, and new flooring throughout the 2nd floor. Primary bedroom is a great size with en-suite bathroom featuring a jetted tub, separate large shower and dual vanities. Lakes on Eldridge has 7 lakes with walking/ jogging trails around them; recreation opportunities include an Olympic size pool, tennis/ pickle ball courts, beach volleyball court, playgrounds, exercise room, and clubhouse. This is a true community to enjoy with your family! For Sale/For Lease. Call for a private tour!

Investor Tools

$0Estimated Mortgage Balance

$495,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,970 /month

Positive

Cash Flow Estimate:

$990 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$464/month

$2,040/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,093

$425,000

2025

$88,147

$336,853

$425,000

Tax History

Year

Tax Paid

Assessed Value

2024

$3,093

$425,000

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$495,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,250/mo

$2,040/mo

+$210/mo

5.5%

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