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Days45Days on Market
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$255,900

5523 Fair Forest Drive, Houston, TX, 77088

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,137 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.75 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Dryer, Washer
FlooringCarpet, Tile

Exterior

Lot Size6,900 sqft

Building Information

Year Built1982
Stories1
Garage Spaces2

Land Information

APN1147300050016
Lot Number16
SubdivisionInwood North
Land UseResidential
Legal DescriptionLT 16 BLK 5 017*I5645955-006-005-016 INWOOD NORTH SEC 6
Census Tract532900
Assessed Land Value$58,130
Assessed Improvement Value$195,318
Assessment Year2025

About this property

Situated in the desirable Inwood North community, this delightful residence features 4 bedrooms, 2 baths, and a 2-car garage. The living room, dining room, family room with fireplace and wet bar, and spacious kitchen with breakfast area; offer plenty of space for relaxation and entertaining. The primary bedroom is a generous 15'x21' retreat with a comfortable ensuite bath with separate tub & shower. Exterior brick and hardi-siding trim. Oversized lot with patio and privacy fence. Close proximity to I-45 north, FM 249, and Downtown. Its a must-see!

Investor Tools

Property Icon
$253,448
Estimated Property Value
$0Estimated Mortgage Balance
$74,025Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,535 /month
Positive
Cash Flow Estimate:
$512 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$141/month
$309/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$422
$253,448
2025
$58,130
$195,318
$253,448
No

Tax History

Year
Tax Paid
Assessed Value
2024
$422
$253,448

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capital Fund I Llc
Building Or Construction Loan
$181,000
No
First
Dec 9, 2025
Dec 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,423
$74,025
29%
71%
$1,086/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,395/mo
+$831/mo
10.5%

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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5523 Fair Forest Drive | Property Details | No Agent List