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$675,000

5701 Chippewa Boulevard, Houston, TX, 77086

PendingInfo
Beds2 Beds
Baths1 Bath
Baths1,497 Sq Ft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1.33 acres

Building Information

Year Built1950
Garage Spaces13

Land Information

APN0630500070027
Land UseCommercial
Legal DescriptionTRS 26C & 27A BLK 7 A L COAN
Census Tract534001
Assessed Land Value$519,917
Assessed Improvement Value$90,083
Assessment Year2025

About this property

This is Unrestricted Commercial/Residential property would make a great place to live and have your business too. You can live or convert to business or office. Great opportunity for a home-based business. The shop behind the house is metal construction. One story metal wide 38' x 103' and one-story frame 18' x 56'. Home on fully fenced 1.33-acre lot (HCAD). All room measurements and lot calculations are approximate. Being sold as is. Seller will not make any repairs.

Investor Tools

$179,481Estimated Mortgage Balance
$430,519Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,123/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,427
$610,000
2025
$519,917
$90,083
$610,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,427
$610,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bichly Herring Etal
Open End Mortgage / Open End With Future Advance Clause
$200,000
No
First
Mar 19, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,481
$430,519
70%
29%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,200/mo
+$522/mo
3.4%

City: Houston

5701 Chippewa Boulevard | Property Details | No Agent List