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Owner Contacts

$349,000

12502 Millway Dr, Houston, TX, 77070

Off Market

4 Beds

3 Bath

2,547 Sq Ft

Single Family Residence

$125.64 / sqft

Built in 1983

Property Lead Type:

Absentee OwnerVacant Homes

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Range, Free-Standing Range, Dishwasher, Refrigerator

FlooringCarpet, Tile, Vinyl

Exterior

Lot Size9,200 sqft

Building Information

Year Built1983

Stories2

Garage Spaces2

Land Information

APN1144640010010

Lot Number10

SubdivisionMillridge North

Land UseResidential

Legal DescriptionLT 10 BLK 1 MILLRIDGE NORTH SEC 2

Census Tract552502

Assessed Land Value$70,140

Assessed Improvement Value$246,124

Assessment Year2025

About this property

COME SEE TODAY! Corner lot, 4 bedroom, 2.5 bath house centrally located in the Cypress Area! BRAND NEW FLOORING THROUGHOUT - NEW CARPET, NEW TILE, NEW WOOD-LOOK LUXURY VINYL PLANK! ALL bathrooms and Kitchen remodeled - BRAND NEW cabinets, fixtures and flooring await you! ALL NEW STAINLESS STEEL APPLIANCES IN KITCHEN! Dishwasher, refrigerator, electric range and vent hood microwave! Kitchen has breakfast bar into formal dining. HUGE Master Suite is located downstairs - includes gas connection fireplace in master suite. 2nd Fireplace is gas log and is located in Family Room, downstairs off of kitchen! All bedrooms have tons of closet space and are very roomy! Game room is located on the second floor and overlooks formal dining, living and entryway. Large back and front yards! House has never flooded.

Investor Tools

$349,000

Estimated Property Value

$304,187Estimated Mortgage Balance

$67,073Estimated Equity

13% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

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Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,094 /month

Positive

Cash Flow Estimate:

$698 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$369/month

$352/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,682

$316,264

2025

$70,140

$246,124

$316,264

Tax History

Year

Tax Paid

Assessed Value

2024

$2,682

$316,264

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Academy Mortgage Corp

$304,187

Yes

First

Jun 29, 2022

Jul 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$281,927

$58,073

17%

81%

$1,824/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,740/mo

$2,176/mo

+$564/mo

9.4%

Learn About the Market: Opportunity in Houston

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Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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