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$899,000

5626 Spindle Dr, Houston, TX, 77086

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,878 Sq Ft
price_per_sqft$312.37 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Convection Oven, Electric Cooktop, Dishwasher

Building Information

Year Built1968

Land Information

APN0642470140012
Lot Number10-13
SubdivisionRecreation Farms
Land UseResidential
Legal DescriptionLTS 10 11 12 & 13 BLK 14 IMPS ONLY(LAND* 0642470140010) 017*R1736600-002-014-011 RECREATION FARMS SEC 2
Census Tract534001
Assessed Improvement Value$8,050
Assessment Year2025

About this property

This property presents a great opportunity. 1.85 acres 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). This property can be purchased with adjacent property for a total of 3.78 Acreas.

Investor Tools

$0Estimated Mortgage Balance
$518,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,394 /month
Positive
Cash Flow Estimate:
$1,798 /month

Interested in this property?

Shawn Dangerfield

Redwood Realty Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$228/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$147
$8,050
2025
N/A
$8,050
$8,050
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$147
$8,050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$903,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
3.0%

City: Houston