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Houston, TX 77026
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Listed
Home details as listed · verify independently
OFF-MARKET INVESTOR OPPORTUNITY
5010 Crane Street, Houston, TX 77026
Asking Price: $197,000
Property Highlights
3 Bedrooms | 2 Bathrooms | 1,488 Sq Ft
Lot Size: Oversized 15,000 Sq Ft (0.34 Acres) – Rare in established neighborhood
Year Built: 1955 | Fully Renovated: 2019
Condition: Light cosmetic updates needed (paint, flooring, minor finishes)
Zoning: No deed restrictions – High flexibility for development
Flood Zone: Zone AE (Flood insurance required/considered in pricing)
This turnkey-ready property sits on one of the largest residential lots in Kashmere Gardens, offering immediate income potential or strong development upside.
After Repair Value (ARV)
$260,000 – $280,000
Recent renovated 3/2 comps in 77026 and surrounding areas support this range after light cosmetics. The oversized lot adds significant premium compared to standard-sized properties.
Value-Add Opportunities
The large lot and lack of restrictions create multiple profitable paths:
Accessory Dwelling Unit (ADU): Build a 600–900 Sq Ft detached unit (permitted in Houston). Potential additional rental income of $1,200–$1,800/month.
Lot Subdivision: Divide into two parcels (minimum lot sizes feasible). Sell improved home + vacant lot separately or build a second home.
Expansion / Outdoor Amenities: Add garage, workshop, or enhanced backyard space to boost appeal and value.
Rental Compound: Primary home + ADU for multi-unit cash flow.
These options make the property attractive to both fix-and-flip investors and buy-and-hold landlords.
Flip Scenario (Realistic Projections)
Purchase Price: $197,000
Rehab Costs (Cosmetic): $12,000 – $20,000
Holding + Selling Costs: $18,000 – $25,000
Total Investment: ≈ $235,000 – $255,000
Projected Sale: $265,000 – $275,000
Potential Profit: $25,000 – $45,000 (10–18% ROI in 4–6 months)
Rental / Buy & Hold Scenario
Projected Rent: $1,900 – $2,200 per month (primary home)
With ADU: Additional $1,300 – $1,700/month potential
Total Monthly Income: $3,200+ (with ADU)
Cash-on-Cash Return: 8–12%+ depending on financing and improvements
Strong tenant demand in the area for updated 3/2 homes.
Why This Deal Works
Recently renovated foundation reduces major repair risk
Oversized lot provides rare development flexibility in a central Houston location
Flood zone priced in – opportunity for mitigation upgrades
Motivated seller | Quick close available
Excellent entry point for investors seeking equity or cash flow
Serious cash buyers only. Proof of funds required. This property is under contract and available for assignment.
Contact for more details, photos, or to schedule a showing:
Pictures -
Wholesale Investor Specialist – Houston Market
All information is deemed reliable but not guaranteed. Buyers to perform their own due diligence. Flood insurance and elevation certificate recommended
Commission
Commission Offered
This opportunity in Houston, TX is offered at an asking price of $197,000 as shown on the card. After repair value (ARV) is shown as about $275,000, which implies a gross spread of roughly 28.4 percent off ARV if you use the list price and this ARV as-is. Treat that as a first-pass screen, not a comp confirmation. The property is described with 3 bedrooms, 2 bathrooms, 1,488 square feet. Tour or pull rent rolls if the asset is occupied so your rehab scope and lease assumptions match the real layout. Rehab is tagged as “cosmetic.” In practice, you should open walls and verify every major system, because tags rarely capture the full story on a wholesale lead. Occupancy is noted as “Occupied.” If anyone is in place, schedule access carefully, align showings with local rules, and underwrite for rental income or a formal vacancy path before you take assignment. The list is marked Wholesale—use that to frame exit math (flip spread, fee for wholesale, or long-term DSCR if the plan is a rental hold). The structure is represented around 1955; older vintages can hide lead, cast iron, and foundation work—budget a contingency. Verified seller contact is available on the listing, which speeds diligence once you are serious. Verify ARV, repair scope, access, and title with your own people before you rely on any line in this write-up. Nothing here is a guarantee of value or condition.
Timeline
Posted · Updated
Strategy: Wholesale
