5234 Ripplebrook Drive, Houston, Texas 77045
$285,000
4 Beds
1 Full Bath
Single-Family






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About 5234 Ripplebrook Drive
Stabilized 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 is the largest home in the portfolio, featuring four bedrooms and two living areas, making it highly attractive to families and long-term tenants. The home was completely rebuilt in 2018, including all new electrical and plumbing systems, roof, siding, exterior paint, flooring, and full interior finishes, ensuring modern construction standards and minimal near-term CapEx.
Condition & Value-Add:
With the major systems and interior recently renovated, this property requires no significant improvements, providing immediate income stability. Future value enhancement could come from modest cosmetic upgrades or lease adjustments at renewal.
Highlights
5234 Ripplebrook Drive
$285,000
Single-Family
1,292 Home Sq Ft
Houston 77045
4 Beds
1 Full Bath
7,078 Lot Sq Ft
General Description
Taxes & Fees
Tax ID
091-010-000-0036
Tax Rate
2.1924%
Taxes w/o Exemption/Yr
$4,147 / 2024
Maint Fee
No
Interior Features
Fireplace
No
Floors
Carpet, Vinyl Plank
Heating
Electric
Cooling
Electric
Appliances
Electric Oven, Freestanding Oven, Free-Standing Range
Dishwasher
No
Range
No
Disposal
No
Microwave
No
Interior
All Bedrooms Down
Loft
No
Exterior Features
Foundation
Slab
Roof
Composition
Exterior Type
Vinyl Siding, Wood Siding
Water Sewer
Public Sewer
Private Pool
No
Area Pool
Maybe
Lot Description
0 Up To 1/4 Acre, Back Yard, Subdivided
New Construction
No
Front Door
South
Listing Firm
LHS Realty Group
Schools
Name | Grade | Great School Ranking |
---|---|---|
Grissom Elem | Elementary | 4 of 10 |
Lawson Middle | Middle | None of 10 |
Madison High (Houston) | High | 3 of 10 |
School information is generated by the most current available data we have. However, as school boundary maps can change, and schools can get too crowded (whereby students zoned to a school may not be able to attend in a given year if they are not registered in time), you need to independently verify and confirm enrollment and all related information directly with the school.