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$225,586

NAL Estimated Property Value

5622 Fair Forest Dr, Houston, TX, 77088

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,561 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$134.53 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Gas Range, Dishwasher, Oven
FlooringTile

Exterior

Lot Size7,322 sqft

Building Information

Year Built1982
Stories1
Garage Spaces2

Land Information

APN1147300040006
Lot Number6
SubdivisionInwood North
Land UseResidential
Legal DescriptionLT 6 BLK 4 INWOOD NORTH SEC 6
Census Tract532900
Assessed Land Value$58,498
Assessed Improvement Value$167,088
Assessment Year2025

About this property

A beautifully updated home with a modern look in Inwood north. Fresh interior paint and updated kitchen and bathrooms and a new roof. It has a very open concept and a cozy fair place. and large backyard with cover patio.

Investor Tools

Property Icon
$225,586
Estimated Property Value
$199,561Estimated Mortgage Balance
$26,025Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,354 /month
Positive
Cash Flow Estimate:
$451 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$447/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,237
$225,586
2025
$58,498
$167,088
$225,586
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,237
$225,586

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$214,541
Yes
First
Aug 3, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,561
$26,025
11%
88%
$1,287/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,587/mo
+$135/mo
9.2%

City: Houston

5622 Fair Forest Dr | Property Details | No Agent List