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$474,999

5515 Elm Springs Drive, Houston, TX, 77048

On MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths2,720 Sq Ft
Multi FamilyMulti Family
price_per_sqft$174.63 / sqft
Year BuiltBuilt in 2026

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDisposal, Microwave, Dishwasher
FlooringTile

Exterior

Exterior FeaturesBalcony
Lot Size6,874 sqft

Land Information

APN0913830000020
Lot Number20
SubdivisionCrestmont Park
Land UseResidential
Legal DescriptionLT 20 BLK 10 CRESTMONT PARK SEC 1
Census Tract331700
Assessed Land Value$55,148
Assessment Year2025

About this property

New construction duplex featuring two thoughtfully designed 3-bedroom, 2-bathroom units, each offering approximately 1,292 square feet of living space. Open-concept floor plans include spacious living and dining areas, modern kitchens with islands, walk-in closets, dedicated laundry areas, and covered front and rear porches. Exterior features include modern farmhouse-inspired architecture, Hardie siding, architectural shingle roofing, private parking, and attractive curb appeal. Ideal for owner-occupants, investors, or multi-generational living. Conveniently located with easy access to major highways, employment centers, shopping, dining, and schools.

Investor Tools

$258,825Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

Interested in this property?

Luis Martinez

Big Lu Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$201/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,154
$55,148
2025
$55,148
N/A
$55,148
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,154
$55,148

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Casa Finance Group Llc
Unknown
$260,715
No
First
Jan 15, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$258,825
N/A
0%
103%
$1,564/mo

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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5515 Elm Springs Drive | Property Details | No Agent List