Status: Active
5223 Myrtlewood St
Houston, TX 77033
8% Drop
$200,000
$185,000
------/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 offers stable income with a long-term tenant in place for five years, secured through October 2025. Significant structural and exterior upgrades have been completed, including new siding, windows, and exterior paint (2020), underground plumbing replacement (November 2024), and a roof replacement in 2019—substantially reducing near-term capital expenditure risk.
Condition & Value-Add:
The property currently operates with window-unit HVAC (no central air), and the kitchen remains dated, creating opportunities for investors to enhance rental income through modernization and optional HVAC installation. With core systems updated, these improvements are largely discretionary and positioned to drive rent growth and overall asset value.
Ideal for institutional investors.
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- Bedrooms
- 3
- Baths
- 1
- House Size
- 875 sqft
- Year Built
- 1955
- Lot Size
- 0.14 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
- Free-standing Range
- cooling
- None
- flooring
- Carpet
- Vinyl
- heating
- None
- 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
- Inwood Terrace Sec 02
- water source
- Public
- Listed By Jerome Love
- jlove@lhsrealty.com
- (281) 773-3084
- LHS Realty Group
- (281) 773-3084
- MLS 60370590
Tax History
Date | Property Tax | Land | Additions | Tax Assessment |
|---|---|---|---|---|
| 2024 | $2,037 (0%) | $66,880 | $41,203 | $108,083 (-1.6%) |
| 2023 | $2,037 (+25.7%) | $66,880 | $42,972 | $109,852 (+49.3%) |
| 2022 | $1,621 (+6.9%) | $54,720 | $18,880 | $73,600 (+13.2%) |
| 2021 | $1,516 | $30,400 | $34,637 | $65,037 |
Tax data provied by Attom
Monthly Payments Calculator
Estimated Monthly Cost
$1,344
30 year fixed·6.9% interest rate
- Principal & Interest
- $975
- Property Taxes
- $170
- Home Insurance
- $200
- HOA Fees
- $0
*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
