Status: Active
5117 Rapido Rd
Houston, TX 77033
$210,000
------/mo*
CalculateStabilized 12-Home SFR Portfolio | Houston, TX | $142K NOI | 5.5% Cap | Rent Growth & Market Appreciation Potential *** OPPORTUNITY ZONE *** (Seller will not sell home individually)
This property provides immediate flexibility for value creation as the tenant is on a month-to-month lease, allowing for a rent adjustment or new lease structure. Significant interior renovations were completed in 2013, including all interior plumbing, bathroom remodel, new HVAC, flooring, sheetrock, and electrical upgrades. In 2022, the kitchen was fully remodeled, further enhancing interior appeal.
Condition & Value-Add:
The primary opportunity lies in exterior improvements—siding and window replacement—which would align the property with interior quality and support a rent increase to $1,250 or more per month.
Please review attachment will all other properties in portfolio sale.
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- Bedrooms
- 3
- Baths
- 1
- House Size
- 1,053 sqft
- Year Built
- 1950
- Lot Size
- 0.13 ac
- School District
- 27 - Houston
Location
Market Insights
In South Park, Houston, TX, there are no homes for sale right now with no new homes listed or sold in the last 30 days.
Buy a new home knowing you’ll sell your current one. Orchard guarantees your home will sell, so you can buy your next one worry-free.
Get StartedInterior Information
- appliances
- Electric Oven
- Electric Range
- Free-standing Range
- Oven
- cooling
- Ceiling Fan(s)
- Electric
- flooring
- Carpet
- Vinyl
- heating
- Electric
- laundry features
- Electric Dryer Hookup
Exterior Information
- fence
- Back Yard
- road surface
- Asphalt
- roof
- Composition
Property Information
- architectural style
- Contemporary/modern
- construction
- Vinyl Siding
- Wood Siding
- foundation
- Slab
- lot
- Back Yard
- Subdivided
- sewer
- Public Sewer
- subdivision name
- South Park Add Sec 02
- water source
- Public
- Listed By Jerome Love
- jlove@lhsrealty.com
- (281) 773-3084
- LHS Realty Group
- (281) 773-3084
- MLS 89415044
Tax History
Date | Property Tax | Land | Additions | Tax Assessment |
|---|---|---|---|---|
| 2024 | $2,328 (0%) | $60,918 | $35,807 | $96,725 (-16.3%) |
| 2023 | $2,328 (+9.8%) | $60,918 | $54,613 | $115,531 (+20%) |
| 2022 | $2,120 (+16.8%) | $55,380 | $40,900 | $96,280 (+23.6%) |
| 2021 | $1,815 | $27,690 | $50,193 | $77,883 |
Tax data provied by Attom
Monthly Payments Calculator
Estimated Monthly Cost
$1,500
30 year fixed·6.9% interest rate
- Principal & Interest
- $1,106
- Property Taxes
- $194
- Home Insurance
- $200
- HOA Fees
- $0
*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
