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$1,699,000

5624 Spindle Drive, Houston, TX, 77086

On MarketInfo

About this property

This property presents a great opportunity. 3.78 acres fenced and cross fenced ranch near Hwy 249 and Antoine in unrestricted area of Houston. No deed restrictions and no city ordinance, located in unincorporated part of Houston, serviced by Harris County. All buildings have been well maintained. House and mobile home interior was totally updated in the last 10 years. House and shed painted 2 years ago. Ideal for homeowners looking to customize their dream ranch or family compound, or investor that can generate significant returns through multiple development opportunities. Features 3 Bed/ 2 Bath 1898 sf Main House 2 Bed/ 2 Bath 980 sf Mobile Home 24' x 36' RV Shed 4 Shedded Horse Stalls 16' x 28' Pole Barn 10' x 24' Fenced Pen 6 Pecan Trees, 1 Fig Tree and Muscadine Vine 12' x 14' Storage Shed 2 Space Carport 30' x 45' Metal Building (No Utilities, Dirt Flooring). PROPERTY INCLUDES 5626 SPINDLE DR ALSO!!

Investor Tools

$0Estimated Mortgage Balance
$1,699,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,194 /month
Positive
Cash Flow Estimate:
$3,398 /month

Interested in this property?

Shawn Dangerfield

Redwood Realty Group

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Financing Details

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

City: Houston

5624 Spindle Drive | Property Details | No Agent List