49Days on Market

1view

$243,000

5535 Elm Springs Drive, Houston, TX, 77048

On Market

3 Beds

2 Bath

1,846 Sq Ft

Single Family Residence

$131.64 / sqft

Built in 1965

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Bathrooms Half 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher

FlooringLaminate, Tile

Exterior

Lot Size6,970 sqft

Building Information

Year Built1965

Stories1

Garage Spaces2

Land Information

APN0913830000015

Lot Number15

SubdivisionCrestmont Park

Land UseResidential

Legal DescriptionLT 15 BLK 10 CRESTMONT PARK SEC 1

Census Tract331700

Assessed Land Value$55,548

Assessed Improvement Value$108,515

Assessment Year2025

About this property

Feel right at home in this single-story 3-bedroom, 2-bathroom home in Cresmont Park featuring mature trees, an open great room, wood-like laminate and tile flooring, sunroom, storage shed, spacious backyard with storage shed. The island kitchen is equipped with granite countertops, pendant lighting, tile backsplash, electric stove, stainless steel appliances, and breakfast bar. At the end of the day, retreat to the primary bedroom with walk-in closet and tiled, frameless shower. Located near I-610 and SH 288, NRG Stadium, Hermann Park, the Museum District, and Texas Medical Center are minutes away. Residents can find nearby shopping, dining, and entertainment in Midtown, Montrose, and East Downtown. Commuters enjoy easy access to the major highway systems of the Greater Houston area. Schools are zoned to Houston ISD. Don't miss this opportunity - call today!

Investor Tools

$241,000

Estimated Property Value

$0Estimated Mortgage Balance

$241,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,458 /month

Positive

Cash Flow Estimate:

$486 /month

Interested in this property?

Lance Loken

Keller Williams Platinum

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$100/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$164,063

2025

$55,548

$108,515

$164,063

Tax History

Year

Tax Paid

Assessed Value

2024

N/A

$164,063

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$241,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

N/A

+$1,722/mo

8.6%

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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