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$349,900

427 N Milby Street, Houston, TX, 77003

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,560 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$224.29 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
AppliancesDisposal
FlooringTile, Vinyl Plank

Exterior

Lot Size3,515 sqft

Building Information

Year Built1940

Land Information

APN0260910000005
SubdivisionMerkels
Land UseResidential
Legal DescriptionTR 5 BLK 1 MERKELS SEC 3
Census Tract310101
Assessed Land Value$159,933
Assessed Improvement Value$39,447
Assessment Year2025

About this property

Welcome to 427 N Milby St, a fully renovated gem in Houston’s vibrant East End, just minutes from Downtown, East River, & 2026 World Cup attractions. This move-in ready home offers 1,560 sqft of thoughtfully designed living space on a 3,515 sqft lot, featuring 3 bedrooms & 2 bathrooms. The split floor plan provides privacy, with a spacious primary suite tucked away from the secondary bedrooms. Enjoy a true retreat with a spa-inspired ensuite bath featuring a soaking tub, walk-in shower, & abundant natural light. The home also includes a large walk-in mudroom with custom cabinetry for added function & storage. Interior and exterior updates include a new roof, windows, AC system, siding, sheetrock, paint, LVP flooring, fully remodeled kitchen & bathrooms, & modern light fixtures. Sun-filled living areas are enhanced by large windows throughout. Relax or entertain on the covered front porch & private backyard patio. A rare turnkey opportunity in a rapidly growing location, ready to show!

Investor Tools

$243,919Estimated Mortgage Balance
$102,081Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,099 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$492/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,172
$199,380
2025
$159,933
$39,447
$199,380
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,172
$199,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rosegate Capital Partners Llc
Unknown
$245,700
No
First
Jan 23, 2026
Aug 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$243,919
$102,081
29%
70%
$1,474/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,590/mo
$1,474/mo
+$116/mo
5.5%

City: Houston

427 N Milby Street | Property Details | No Agent List