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$435,000

5555 Del Monte Dr Unit 606, Houston, TX, 77056

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,935 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$206.2 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesStorage, Tennis Court(s), Balcony

Building Information

Year Built1975
Stories1

Land Information

APN1091680000006
SubdivisionThe St James Condo 4th Amend
Land UseResidential
Legal DescriptionUNIT 606 .483 INT COMMON LAND & ELE THE ST JAMES CONDO 4TH AMEND
Census Tract431801
Assessed Land Value$61,017
Assessed Improvement Value$260,124
Assessment Year2025

About this property

Great opportunity in The St. James, a sought-after high rise in the heart of the Galleria area. This 6th floor, 2 BR/2.5 BA unit features great space, high ceilings, recently refinished hardwoods and an abundance of storage. Clean and crisp finishes make this an immediately livable space. The light and bright kitchen has tons of storage and a tucked away laundry nook with full-size washer and dryer. The dining room features a beautiful chandelier and built in cabinets. The large primary bedroom has great natural light, two walk-in closets, a wall of built in cabinets and a master bath with a separate shower, tub and toilet area. The St. James is a full-service building with 24-hour concierge and valet services. Amenities include a party room with a warming kitchen, library, fitness center, heated pool and tennis courts. Guest suites are available for owner's guests. This unit has 2 assigned parking places, 105 & 106 and a separate storage space in the basement.

Investor Tools

Property Icon
$435,000
Estimated Property Value
$303,200Estimated Mortgage Balance
$165,628Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,610 /month
Positive
Cash Flow Estimate:
$870 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$327/month
$1,464/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,748
$321,141
2025
$61,017
$260,124
$321,141
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,748
$321,141

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Fidelity Funding Corp
Conventional
$303,200
No
First
Aug 14, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$269,372
$195,628
42%
62%
$1,818/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$3,282/mo
$-1,322/mo
5.4%

Learn About the Market: Opportunity in Houston

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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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5555 Del Monte Dr Unit 606 | Property Details | No Agent List