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$723,411

NAL Estimated Property Value

307 Bomar St, Houston, TX, 77006

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,553 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$482.94 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Convection Oven, Gas Oven, Oven, Microwave, Free-Standing Range, Gas Cooktop, Gas Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringBamboo, Wood

Exterior

Private PoolPrivate Pool
Lot Size5,001 sqft

Building Information

Year Built1920

Land Information

APN0090970000002
Lot Number2
SubdivisionCave E W
Land UseResidential
Legal DescriptionLT 2 BLK 1 CAVE E W
Census Tract410502
Assessed Land Value$500,000
Assessed Improvement Value$223,411
Assessment Year2025

About this property

Rare, magnificent, remodeled Montrose home with large pool! Large professional gourmet chefs' kitchen with a professional Bertazzoni oven/stove and Subzero refrigerator. KitchenAid dishwasher. Custom kitchen cabinetry. Granite counter tops in kitchen and all bathrooms. Crown molding throughout the house. Double pane windows with wood blinds in all rooms of the home. Five-year-old roof with 30-year shingles. Award winning landscaping all around the property with sprinkler system. Tankless hot water heater. New Hardy board around the whole home. Hardwoods throughout the home. Bamboo flooring in primary bedroom. Custom metal flooring in kitchen, den and primary bathroom. Pex plumbing and new electrical breaker panel. New pool pump motor. Outdoor pool shower. Trex back patio. Walking distance to shopping, bars and restaurants in the neighborhood. The HCAD account number is tied to the two other properties that the seller owns (309 Bomar and 1909 Morgan St)

Investor Tools

Property Icon
$723,411
Estimated Property Value
$691,874Estimated Mortgage Balance
$31,537Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$800/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,988
$723,411
2025
$500,000
$223,411
$723,411
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,988
$723,411

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Truist Bank
Conventional
$720,000
No
First
Mar 21, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$691,874
$31,537
4%
96%
$4,317/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$4,317/mo
$-2,357/mo
3.3%

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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Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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307 Bomar St | Property Details | No Agent List