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$222,363

NAL Estimated Property Value

5635 S Rice Ave, Houston, TX, 77081

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,476 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$135.5 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Electric Range, Free-Standing Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Oven

Building Information

Year Built1978
Stories2

Land Information

APN1141930010006
SubdivisionGlenmont Place T/H Condo
Land UseResidential
Legal DescriptionUNIT 6 BLDG A .0248 INT COMMON LAND & ELE GLENMONT PLACE T/H CONDO
Census Tract421101
Assessed Land Value$42,249
Assessed Improvement Value$180,114
Assessment Year2025

About this property

Lovely 2 Bed, 2.5 Bath townhome in a great location with easy access to 59 and 610. Features include new laminate floors downstairs, wood burning fireplace with recently updated kitchen and bathrooms. Close to Galleria, restaurants and within minutes to NRG, TMC and Downtown.

Investor Tools

Property Icon
$222,363
Estimated Property Value
$0Estimated Mortgage Balance
$222,363Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,334 /month
Positive
Cash Flow Estimate:
$445 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$465/month
$460/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,466
$222,363
2025
$42,249
$180,114
$222,363
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,466
$222,363

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$222,363
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$460/mo
+$847/mo
7.1%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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5635 S Rice Ave | Property Details | No Agent List