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General Description

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Real estate investors, here is a real deal! 6 Bed, 5 bath. 3 bed, 2.5 bath, 1607 SF each side. Plenty of room for two families. 5516 was renovated a year and a half ago. A fresh coat was painted throughout the entire duplex. Every cabinet, every ceiling, every door. We did not miss a spot. New vanities. New ceiling fans. New plumbing fixtures. New shower tile. New cabinet and door hardware. New appliances. Money spent on electrical. I could go on! 5514 was renovated 4 months later in nearly the exact same fashion. This duplex is just north of Oak Forest in a deed restricted neighborhood. Great accessibility to 290, I10 and 610. The rent is below market, there is still some value add potential and this area will continue to appreciate. Rental analysis shows a good cap rate & CoC. Realistic analysis, not some fictional pro-forma! This unit will go fast, so don't fail to act quickly!

MLS#:

56590537 (HAR)

Sold Price Range:

$285,001 - $325,000

Listing Status:

Sold

Address:

5514/5516 Deep Forest Drive

City:

Houston

State:

Zip Code:

77092

County:

Harris County

Subdivision:

Forest West (View subdivision price trend)

Legal Description:

LT 27 BLK 1 FOREST WEST SEC 1

Property Type:

Multi-Family - Duplex

Stories:

Year Built:

1968 / Appraisal District

Building Sqft.:

3,215 /Appraisal District

Lot Size:

8,510 Sqft. /Appraisal District

Maintenance Fee:

$ 196 / Annually

Key Map©:

451B

Market Area:

Oak Forest West Area

Interior Features

Cooling:

Central Electric

Heating:

Central Electric

Disposal:

Yes

Dishwasher:

Yes

Exterior Features

Roof:

Composition

Parking Unit:

Two

Additional Information

List Type:

Exclusive Right to Sell/Lease

Buyer Agent Compensation*:

Sub Agent Compensation*:

*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Financial Information

Financing Considered:

Cash Sale, Conventional, FHA, VA

Other Fees:

Maintenance Fee:

Yes / $196 / Annually

Maint Fee Includes:

Recreational Facilities

Taxes w/o Exemp:

$5, 339/2021

Tax Rate:

2.3307

Listing Broker:

Keller Williams Realty - Memor

Property Tax

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Neighborhood Tax Rates for Forest West (houston)


Tax Type	Tax Name	Tax Rate
CITY	HOUSTON CITY OF	0.5336%
COMMUNITY COLLEGE DISTRICT	HOUSTON COMMUNITY COLLEGE	0.0956%
COUNTY	HARRIS COUNTY	0.3437%
COUNTY	HC DEPARTMENT OF EDUCATION	0.0049%
FLOOD CONTROL DISTRICT	HC FLOOD CONTROL DIST	0.0306%
HOSPITAL DISTRICT	HC HOSPITAL DIST	0.1483%
INDEPENDENT SCHOOL DISTRICT	HOUSTON ISD	1.0372%
PORT OF HOUSTON AUTHORITY	PORT OF HOUSTON AUTHORITY	0.0080%

Specific Tax Rates for this property are unavailable at this time. Tax Rates shown represent rates applicable within Forest West (houston), individual properties will vary. Certain entities such as MUD, ESD, and School district may vary across a neighborhood and individual properties are generally serviced by only one o

Estimated Mortgage/Tax

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$1,299 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 1,299
Home Owners Insurance	Get a Quote

List Price

Loan Term

Months

Years

Down Payment

Annual Interest Rate

Estimated Monthly Principal & Interest

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Subdivision Facts

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2023 Subdivision Facts

Subdivision Name:

Forest West (Houston)

County / Zip Code:

77092

Single Family Properties:

604

Average Bedrooms:

3.41

Average Baths:

2.13

Median Square Ft.:

1,834

Median Lot Square Ft.:

7,800

Median Year Built:

1970

Median Appraised Value:

$289,599

Neighborhood Value Range:

$246 - $356 K

Median Price / Square ft.:

$188.06

View Price Trends for Forest West (houston)

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

ASSIGNED SCHOOLS

Wainwright Elementary School Elementary . EE - 05 . HOUSTON ISD

Average |

Clifton Middle School Middle . 06 - 08 . HOUSTON ISD

Average |

Scarborough High School High . 09 - 12 . HOUSTON ISD

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View Nearby Schools ↓

Property Map

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5514/5516 Deep Forest Drive, Houston, TX 77092 Directions

Nearby places and schools.

Street View Birds Eye View

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5514/5516 Deep Forest Drive Houston TX 77092 was recently sold. It is a 3,215 SQFT, in Forest West.

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