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Owner Contacts

$1,128,000

NAL Estimated Property Value

5501 Lacy St, Houston, TX, 77007

Off Market

3 Beds

4 Bath

3,045 Sq Ft

Single Family Residence

$431.86 / sqft

Built in 2019

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Gas Range, Dishwasher, Refrigerator

FlooringTile, Wood

Exterior

Private Pool

Exterior FeaturesBalcony

Lot Size5,001 sqft

Building Information

Year Built1991

Stories2

Garage Spaces2

Land Information

APN0511080140008

Lot Number8

SubdivisionDetering H E

Land UseResidential

Legal DescriptionLT 8 BLK 14 DETERING H E

Census Tract510801

Assessed Land Value$475,000

Assessed Improvement Value$535,840

Assessment Year2025

About this property

Welcome to this stunning 3-bedrooms, 3.5-bathrooms contemporary style home located in the desirable Rice Military. This unique two-story home boasts an open concept floor plan filled with natural light that seamlessly connects the indoor and outdoor living spaces. The backyard oasis includes a heated pool, outdoor sauna, and a shady outdoor patio living space. The open kitchen is a chef's dream, featuring state-of-the-art stainless steel appliances and quartz countertops. The outdoor balcony offers pretty views of the surrounding area. Parking will never be an issue, as this home features a 2-car garage with extra parking up to 4 cars. Overall, this home offers the perfect combination of luxury and comfort, making it the ideal place to call home. Nestled between Memorial Dr and Washington Ave, residents will have easy access to Buffalo Bayou Park and its iconic Bayou trail along Allen Parkway. Don't miss out on this incredible opportunity to own a piece of paradise in Rice Military.

Investor Tools

$1,128,000

Estimated Property Value

$684,633Estimated Mortgage Balance

$444,537Estimated Equity

36% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$7,890 /month

Positive

Cash Flow Estimate:

$2,630 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,994/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$18,284

$1,010,840

2025

$475,000

$535,840

$1,010,840

Tax History

Year

Tax Paid

Assessed Value

2024

$18,284

$1,010,840

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rocket Mortgage Llc

Conventional

$723,250

First

May 19, 2023

Jun 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$684,633

$387,367

36%

61%

$4,337/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,340/mo

$4,337/mo

$-997/mo

3.6%

Learn About the Market: Opportunity in Houston

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