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B+
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$349,900

427 N Milby Street, Houston, TX, 77003

On MarketInfo
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:

Off-Market ListAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

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

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

Property Icon
$346,000
Estimated Property Value
$0Estimated Mortgage Balance
$102,081Estimated Equity
100% 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

Interested in this property?

Luke Hurtado

Nan & Company Properties - Corporate Office (Heights)

ContactContact

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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%

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
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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427 N Milby Street | Property Details | No Agent List