B+

NoAgentList RatingHow are grades calculated?

1Days on Market

1view

$340,000

5506 Cheshire Lane, Houston, TX, 77092

On Market

Just Added

3 Beds

2 Bath

1,394 Sq Ft

Single Family Residence

$243.9 / sqft

Built in 1961

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher

FlooringWood

Exterior

Lot Size8,159 sqft

Building Information

Year Built1961

Stories1

Garage Spaces4

Land Information

APN0852240000024

Lot Number24

SubdivisionOak Forest

Land UseResidential

Legal DescriptionLT 24 BLK 18 OAK FOREST SEC 17 R/P

Census Tract531400

Assessed Land Value$192,000

Assessed Improvement Value$118,916

Assessment Year2025

About this property

For the discerning buyer! This meticulously maintained brick home is on a friendly street in the heart of Oak Forest. It offers a beautiful fenced-in backyard with a spacious covered back patio for outdoor entertainment. Your big-ticket items have been covered. New roof (2024), new water heater (2023), new Bosch dishwasher (2024), under the slab plumbing with a 5-year encompassing warranty (2024), Frigidaire refrigerator (2023), New electrical breaker panel, service wires, and meter (2022), whole house RE-PIPE with PEX (2021), Foundation repair w/ lifetime warranty. The house is wired for AT&T fiber. NEVER FLOODED! All windows are double-pane, including the sliding glass door. The two-car garage and carport offer plenty of parking options. Conveniently located near Downtown and the Galleria area. Don't miss this opportunity to have peace of mind in the years to come!

Investor Tools

$202,126Estimated Mortgage Balance

$134,874Estimated Equity

40% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,040 /month

Positive

Cash Flow Estimate:

$680 /month

Interested in this property?

Christy Naponic

Wanda Taylor Properties

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$200/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$716

$310,916

2025

$192,000

$118,916

$310,916

Tax History

Year

Tax Paid

Assessed Value

2024

$716

$310,916

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rocket Mortgage Llc

Conventional

$210,000

First

May 2, 2024

Jun 2039

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$202,126

$134,874

40%

60%

$1,260/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$1,260/mo

+$462/mo

6.1%

Learn About the Market: Opportunity in Houston

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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.

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