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$130,000

5415 Ridgeway Dr, Houston, TX, 77033

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,140 Sq Ft
price_per_sqft$1.32 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
AppliancesDisposal, Electric Oven, Oven, Electric Range, Free-Standing Range
FlooringLaminate, Tile

Exterior

Lot Size6,159 sqft

Building Information

Year Built1955
Stories1

Land Information

APN0811420000022
Lot Number22
SubdivisionInwood Terrace
Land UseResidential
Legal DescriptionLT 22 BLK 7 INWOOD TERRACE SEC 2
Census Tract332000
Assessed Land Value$66,880
Assessed Improvement Value$49,754
Assessment Year2025

About this property

This 3 bedroom single story home is ready for rent! It has wonderful curb appeal with a large front, long driveway and a nice matured tree. It's been just about completely renovated with new flooring, fresh paint inside and out, new energy saving windows & doors with new insulation in the attic, and new appliances including the water heater and HVAC. You will love the new selected fixtures and fans throughout the home. Even the garage conversion has been redone. Schedule your viewing time and see this lovely home in person.

Investor Tools

Property Icon
$130,000
Estimated Property Value
$135,000Estimated Mortgage Balance
$0Estimated Equity
-4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$780 /month
Positive
Cash Flow Estimate:
$260 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$258/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,440
$116,634
2025
$66,880
$49,754
$116,634
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,440
$116,634

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Champions Funding Llc
Building Or Construction Loan
$135,000
No
First
Jun 5, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$132,825
$3,175
2%
102%
$810/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$810/mo
+$912/mo
15.9%

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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5415 Ridgeway Dr | Property Details | No Agent List