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$279,900

16226 Mill Point Drive, Houston, TX, 77059

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,576 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.6 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher, Refrigerator
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesBack Green Space
Lot Size7,161 sqft

Building Information

Year Built1975
Stories1
Garage Spaces2

Land Information

APN1053890000007
Lot Number7
SubdivisionMiddlebrook
Land UseResidential
Legal DescriptionLT 7 BLK 54 MIDDLEBROOK SEC 1
Census Tract340302
Assessed Land Value$60,176
Assessed Improvement Value$226,277
Assessment Year2025

About this property

Move-in ready home in desirable Middlebrook, perfectly located near neighborhood greenbelt trails, parks, pool, and just a short walk to the elementary school. This well-maintained home offers great curb appeal, recent interior paint and carpet, with inviting living spaces throughout. The family room features a charming brick fireplace, creating a warm focal point for everyday living, while the kitchen offers stainless appliances and a bright breakfast area. Recently replaced picture windows in the living and breakfast areas provide beautiful backyard views. The spacious primary bedroom includes an ensuite bath and dual walk-in closets. Enjoy a large backyard with plenty of room to relax, play, or entertain, plus a storage shed for added convenience. Additional highlights include an 8-year-old roof, updated electrical panel, and water heater replaced in 2019/2020. Enjoy nearby HEB, shopping, dining, and easy access to NASA, Beltway 8, and I-45.

Investor Tools

$263,556Estimated Mortgage Balance
$22,897Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,719 /month
Positive
Cash Flow Estimate:
$573 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$124/month
$515/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$55
$286,453
2025
$60,176
$226,277
$286,453
No

Tax History

Year
Tax Paid
Assessed Value
2020
$55
$286,453

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Synergy Fcu
Conventional
$268,690
No
First
May 5, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$263,556
$22,897
7%
92%
$1,611/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,126/mo
+$454/mo
10.8%

City: Houston

16226 Mill Point Drive | Property Details | No Agent List