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Owner Contacts

$402,000

NAL Estimated Property Value

5626 Ivory Mist Ln, Houston, TX, 77041

Off Market

3 Beds

2 Bath

2,294 Sq Ft

$130.73 / sqft

Built in 1997

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Dryer

FlooringCarpet

Exterior

Lot Size8,189 sqft

Building Information

Year Built1997

Garage Spaces2

Land Information

APN1190680010015

Lot Number15

SubdivisionLakes On Eldridge

Land UseResidential

Legal DescriptionLT 15 BLK 1 LAKES ON ELDRIDGE SEC 14

Census Tract540101

Assessed Land Value$100,909

Assessed Improvement Value$294,639

Assessment Year2025

About this property

Looking for an investment property? Your search is over!! This beautifully maintained home already has a tenant in place through June of 2022!! Located in a gated community in the energy corridor area with easy access to I-10! Open floor plan with wood flooring, ceramic tile, dual sided gas log fireplace & an island kitchen. Home was updated in 2014. Large master suite has a two story master closet thats allows for extra storage. Lovely back yard with no rear neighbors. Excellent neighborhood with many amenities. Great rental history!! HOME DID NOT FLOOD DURING HARVEY!! CURRENT LEASE IS IN PLACE UNTIL 6/30/2022.

Investor Tools

$402,000

Estimated Property Value

$0Estimated Mortgage Balance

$402,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,412 /month

Positive

Cash Flow Estimate:

$804 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$413/month

$1,585/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,945

$395,548

2025

$100,909

$294,639

$395,548

Tax History

Year

Tax Paid

Assessed Value

2024

$2,945

$395,548

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$401,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,250/mo

$1,585/mo

+$665/mo

6.7%

Learn About the Market: Opportunity in Houston

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