$149,900 Last Listed Price
●
House -
Off Market
5123 Ridgeway Drive
Houston, TX 77033
3 Beds
1 Bath
1,070 Ft²
$899
Est. Monthly
About This Property
Don't miss this fantastic investment opportunity! This property,
featuring 3 bedrooms, 1 bathroom, and a 6,160 sq. ft. lot, is
located in a thriving area with plenty of new construction
developments, including a duplex being built right across the
street, enhancing its investment potential. On the market for the
first time in over 28 years, this home presents a significant
opportunity for potential buyers. Enjoy a prime location with a
5-minute drive to the 610 freeway, providing effortless commutes.
It's just a short 15-minute drive to the Medical Center, Hermann
Park, NRG Stadium, Hobby Airport, and downtown Houston, making it
incredibly convenient for accessing various parts of the city. The
absence of HOA or MUD taxes, combined with low county taxes,
ensures affordable and hassle-free living. With its amazing
location, nearby new construction, and immense potential, this home
is the perfect investment opportunity in a thriving area.
Unit Size
1,070 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$140
Property Type
House
Property Taxes
$163
HOA Dues
-
Year Built
1955
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (HAR #7613502)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 22, 2024 | Sold | ||
| Sold | |||
| Oct 16, 2024 | In contract | - | |
| In contract | |||
| Aug 9, 2024 | Listed by Future Real Estate | $149,900 | |
| Listed by Future Real Estate | |||
| | |||
|
Don't miss this fantastic investment opportunity! This property, featuring 3 bedrooms, 1 bathroom, and a 6,160 sq. ft. lot, is located in a thriving area with plenty of new construction developments, including a duplex being built right across the street, enhancing its investment potential. On the market for the first time in over 28 years, this home presents a significant opportunity for potential buyers. Enjoy a prime location with a 5-minute drive to the 610 freeway, providing effortless commutes. It’s just a short 15-minute drive to the Medical Center, Hermann Park, NRG Stadium, Hobby Airport, and downtown Houston, making it incredibly convenient for accessing various parts of the city. The absence of HOA or MUD taxes, combined with low county taxes, ensures affordable and hassle-free living. With its amazing location, nearby new construction, and immense potential, this home is the perfect investment opportunity in a thriving area.
| |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Southeast Houston
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Listed by: Morad Fiki, Future Real Estate
Last Updated: 4 months ago
Data Source: HAR , MLS# 7613502
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Last Updated: 4 months ago
Data Source: HAR , MLS# 7613502
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