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$196,000

NAL Estimated Property Value

5618 Grace Point Ln, Houston, TX, 77048

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,502 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.12 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher
FlooringLaminate

Exterior

Lot Size6,469 sqft

Building Information

Year Built1963
Garage Spaces2

Land Information

APN0913880000008
Lot Number8
SubdivisionCrestmont Park
Land UseResidential
Legal DescriptionLT 8 BLK 15 CRESTMONT PARK SEC 1
Census Tract331700
Assessed Land Value$53,418
Assessed Improvement Value$96,468
Assessment Year2025

About this property

Look No Further! This 3 bedroom 2 bathroom 2 story house has been completely renovated and is sitting on a large lot perfect for a play ground, and/or private weekend retreat. This house is fully move in ready with new flooring, paint inside & out, water heater, full kitchen remodel, insulation, roof, windows & doors, Light fixtures inside & out, ceiling fans, even a new driveway and full fence. Not much more you might need in your first home to make it minimal maintenance. You will love the layout and the ample space.

Investor Tools

Property Icon
$196,000
Estimated Property Value
$182,019Estimated Mortgage Balance
$13,981Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,434 /month
Positive
Cash Flow Estimate:
$478 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$314/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,790
$149,886
2025
$53,418
$96,468
$149,886
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,790
$149,886

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$185,000
No
First
Jun 30, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$182,019
$24,981
12%
93%
$1,110/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,110/mo
+$612/mo
10.5%

City: Houston

5618 Grace Point Ln | Property Details | No Agent List