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$495,000

NAL Estimated Property Value

5623 Barremore St, Houston, TX, 77023

Off MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths3,932 Sq Ft
price_per_sqft$111.9 / sqft
Year BuiltBuilt in 1940

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
AppliancesRange, Refrigerator
FlooringVinyl, Wood, Hardwood

Exterior

Exterior FeaturesPrivate Entrance
Lot Size5,802 sqft

Building Information

Year Built1940

Land Information

APN0600620060021
Lot Number21
SubdivisionSunnylan
Land UseResidential
Legal DescriptionLT 21 BLK 6 SUNNYLAN
Census Tract310700
Assessed Land Value$113,000
Assessed Improvement Value$322,971
Assessment Year2025

About this property

Tenant Occupied. Fantastic investment property primely located in the heart of the East End! This is the perfect window of opportunity for an investor looking to have a rental-ready property upon purchase, as all of the units are currently occupied. The property includes four total units: two 2-bedroom 1-bath units in the front building and two 1-bedroom 1-bath units in the back building. The front building units rent at $1,100/mo and the back units at $725 & $800/mo for a total gross monthly rent of $3,725. All units are 2 stories and have separate entrances. Cute and cozy with hardwood flooring, each duplex includes a stove, refrigerator and washer/dryer connections. The property is fully fenced with a sliding driveway gate. Only a short two-minute walk to JP Henderson Elementary School. Quick Access To Freeways, Shopping, Restaurants, Downtown Houston, Hobby Airport, and the University of Houston.

Investor Tools

Property Icon
$495,000
Estimated Property Value
$419,333Estimated Mortgage Balance
$75,667Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$512/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,666
$435,971
2025
$113,000
$322,971
$435,971
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,666
$435,971

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Va
$440,000
Yes
First
Oct 25, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$419,333
$75,667
15%
85%
$2,639/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$2,639/mo
$-413/mo
5.4%

City: Houston

5623 Barremore St | Property Details | No Agent List