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$350,000

5542 Cheena Dr, Houston, TX, 77096

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,024 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.92 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,802 sqft

Building Information

Year Built1962
Stories1
Garage Spaces2

Land Information

APN0941700000002
Lot Number2
SubdivisionMarilyn Estates
Land UseResidential
Legal DescriptionLT 2 BLK 3 MARILYN ESTATES SEC 6
Census Tract421900
Assessed Land Value$206,700
Assessed Improvement Value$126,391
Assessment Year2025

About this property

Fantastic Opportunity in a Great Location! This 4-bedroom home offers a spacious, functional layout and an excellent opportunity for a buyer with vision to make it their own. The home is being offered in its original condition and is ready for updates and personalization, providing the perfect canvas for homeowners, remodelers, or investors looking for a property with potential. Some of the major improvements are already in place, including a fresh roof, underground plumbing, and foundation work. The property has also never flooded, adding an important level of peace of mind. Inside, the generous floor plan offers four bedrooms and a layout with plenty of possibilities for modernizing while maintaining the home's original character.

Investor Tools

$0Estimated Mortgage Balance
$440,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,640 /month
Positive
Cash Flow Estimate:
$880 /month

Interested in this property?

Howard Getz

Keller Williams Memorial

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$198/month
$240/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$180
$333,091
2025
$206,700
$126,391
$333,091
No

Tax History

Year
Tax Paid
Assessed Value
2024
$180
$333,091

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sec Housing Urban Dev
Credit Line (Revolving) / Heloc
$216,504
No
First
N/A
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$440,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$240/mo
+$1,482/mo
4.7%

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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