B+

NoAgentList RatingHow are grades calculated?

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Owner Contacts

$2,781,000

NAL Estimated Property Value

1407 Milford St, Houston, TX, 77006

Off Market

4 Beds

4 Bath

4,888 Sq Ft

Single Family Residence

$439.65 / sqft

Built in 2019

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 5

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesWater Heater, Disposal, Convection Oven, Double Oven, Electric Oven, Microwave, Gas Range, Dishwasher, Refrigerator

FlooringTile, Wood

Exterior

Lot Size6,743 sqft

Building Information

Year Built2019

Garage Spaces2

Land Information

APN0731210000064

SubdivisionRanch Estates

Land UseResidential

Legal DescriptionTRS 63A & 64 RANCH ESTATES

Census Tract411901

Assessed Land Value$764,700

Assessed Improvement Value$1,101,000

Assessment Year2025

About this property

Beautiful new construction just minutes away from Houston’s most refined attractions, like the Museum of Fine Arts! This property features tray ceilings, stainless appliances, and glossy countertops. Storage options are endless, and the bedrooms don’t stop, either! The large backyard is a dream for those with a green thumb, and there is definitely space for creativity—think movie projector! 1407 Milford features a fully-covered patio so you get that indoor/outdoor living feel. The bathrooms house satin nickel finishes and tantalizing tile accents! The Wet Bar and expansive office are just a few of the elite amenities this home has to offer!

Investor Tools

$2,781,000

Estimated Property Value

$1,438,688Estimated Mortgage Balance

$1,342,312Estimated Equity

49% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$16,686 /month

Positive

Cash Flow Estimate:

$5,562 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$4,092/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$35,202

$1,865,700

2025

$764,700

$1,101,000

$1,865,700

Tax History

Year

Tax Paid

Assessed Value

2024

$35,202

$1,865,700

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Wells Fargo Bank Na

Conventional

$1,600,000

First

Feb 25, 2021

Mar 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,438,688

$1,382,312

49%

52%

$9,593/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,340/mo

$9,593/mo

$-6,253/mo

1.4%

Learn About the Market: Opportunity in Houston

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Houston

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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