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$135,546

NAL Estimated Property Value

9809 Richmond Avenue C5, Houston, TX, 77042

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,206 Sq Ft
price_per_sqft$107.79 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Trash Compactor, Electric Cooktop, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Laminate

Building Information

Year Built1977
Stories2

Land Information

APN1141960020005
SubdivisionElm Grove Condo Ph 1
Land UseResidential
Legal DescriptionUNIT 5 BLDG C .010260 INT COMMON LAND & ELE ELM GROVE CONDO PH 1
Census Tract432401
Assessed Land Value$25,754
Assessed Improvement Value$109,792
Assessment Year2025

About this property

Welcome home! This immaculate home boasts 2 bedrooms, 2 full baths plus a loft area. The kitchen has beautiful wooden countertops, freshly painted cabinets, and a garden window (Stainless steel refrigrator stays). The inviting living room has a soaring ceiling, a wood fireplace perfect for Christmas pictures and a glass door that leads to an enclosed patio. The tall ceiling gives such an open space feeling! Both bathrooms have been fully renovated and painted throughout. There is wood laminate flooring in the living room area and carpet in bedrooms/loft area. The loft area can be used as a study/office or an extra bedroom. It has plenty of closet space. It has a nice swimming pool area, a covered patio for gatherings and a well maintained landscape. It also includes one assigned carport with plenty of additional parking. Easy access to Beltway 8, Westpark Toll Way, 610, 59 and I-10. Close to Galleria area, restaurants and grocery stores. Call today to schedule your home tour!

Investor Tools

Property Icon
$135,546
Estimated Property Value
$0Estimated Mortgage Balance
$135,546Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$813 /month
Positive
Cash Flow Estimate:
$271 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$208/month
$458/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,815
$135,546
2025
$25,754
$109,792
$135,546
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,815
$135,546

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$135,546
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$458/mo
+$972/mo
12.7%

Learn About the Market: Opportunity in Houston

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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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9809 Richmond Avenue C5 | Property Details | No Agent List