Residential Income
For Sale
$493,000
5430 Heron Drive, Houston, TX 77033
A 2022-built residence includes electric appliances, ceiling fans, and a smart thermostat.
Property Size2,844 SF
Price / SF$173.35
Days on Market19
Property Features for 5430 Heron Drive
General Information
Standard status
Active
Size
2,844 SF
Property subtype
Residential Income
Site & Location
Neighborhood
South Park
Taxes and HOA fees
Annual Taxes
$10,156
Amenities
Ceiling Fan(s), Electric
Electric
Range, Disposal, Microwave, Dishwasher
Smart Thermostat
Building Details
Building Size
2,844 SF
Year Built
2022
Stories
1
Listed By:
Vanessa Darko · License #0724246
(832) 368-6908
Source:
Evrealestate
Added: Oct 7
Changed: Oct 25
Last Checked: Oct 24 at 5:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vanessa Darko
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Investment Insights
Based on property information with market context.
This residential income property was built in 2022 and contains 2,844 square feet. Interior features include electric ceiling fans and a smart thermostat, along with a range, disposal, microwave, and dishwasher.
The property is at 5430 Heron Drive in Houston. Access is described from FM 865 via Cullen Boulevard, Reed Road, and Rockford Drive to Heron Drive.
The property is at 5430 Heron Drive in Houston. Access is described from FM 865 via Cullen Boulevard, Reed Road, and Rockford Drive to Heron Drive.
Key Highlights
- 2,844 square feet
- Built in 2022
- Interior features include a range, disposal, microwave, dishwasher, electric ceiling fans, and a smart thermostat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,220
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,400
$644.4K
Cap Rate 7%
$460,286
$460.3K
Cap Rate 9%
$358,000
$358.0K
Market Conditions
NOI Build-Up for 2,844 SF
Gross rent
$62.5K $21.96/SF
− Vacancy
−$3.9K −$1.36/SF
EGI
$58.6K $20.60/SF
− OpEx
−$26.4K −$9.27/SF
NOI
$32.2K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,400
Cap Rate 7%
$460,286
Cap Rate 9%
$358,000
Alternative Uses
Best Use
Apartment 5plus
$460.3K
$402.8K – $537.0K
NOI $32,220 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$731.3K
$639.9K – $853.2K
NOI $51,192 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 77033, TX
28,369
Population
10,228
Households
2.8
Avg Household Size
36
Median Age
9%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
4,977
Density / Sq Mi
$37,081
Median Household Income
$28,459
Median Earnings
$1,204
Median Rent
$98,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A 2022-built residence includes electric appliances, ceiling fans, and a smart thermostat.
Where is this residential income property located?
The property is located at 5430 Heron Drive Houston, TX.
What is the asking price?
The asking price for this property is $493,000.
What are key features of this property?
This property features: 2,844 square feet; Built in 2022; Interior features include a range, disposal, microwave, dishwasher, electric ceiling fans, and a smart thermostat
