Last 24 Hours
$120,000
5535 Flamingo Drive, Houston, TX, 77033
$129,863 ARV
On Market
3 Beds
2 Bath
1,185 Sq Ft
Single Family Residence
$101.27 / sqft
Built in 1952Property Lead Type:
High Equity
Highlights
Interior
Bedrooms 3
Bathrooms Full 1Bathrooms Half 1
Garage Available
HeatingAppliancesGas Oven, Gas Range
Exterior
Lot Size9,274 sqft
Building Information
Year Built1952
Stories1
Garage Spaces1
Land Information
APN0831670000018
Lot Number18
SubdivisionInwood Terrace
Land UseResidential
Legal DescriptionLT 18 BLK 35 INWOOD TERRACE SEC 6
Census Tract331900
Assessed Land Value$78,880
Assessed Improvement Value$59,842
Assessment Year2025
About this property
Investor special. This home is perfect to create your own version of your dream home or for a new family.
Investor Tools
$64,890Estimated Mortgage Balance
$73,832Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$129,863
Rent-to-Value Ratio: 0.72%
Rent Estimate
$832 /month
Positive
Cash Flow Estimate:
$277 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$58/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$138,722
2025
$78,880
$59,842
$138,722
No
Tax History
Year
Tax Paid
Assessed Value
2024
N/A
$138,722
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Financial Freedom Senior Funding Corp
Reverse Mortgage / Hecm
$121,650
No
First
Feb 24, 2006
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$64,890
$73,832
53%
47%
$746/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$746/mo
+$976/mo
14.9%
12.4%