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$568,000

NAL Estimated Property Value

50 Milan Ests, Houston, TX, 77056

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,426 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.34 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Gas Range, Refrigerator, Washer/Dryer Stacked, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size2,339 sqft

Building Information

Year Built1996
Garage Spaces2

Land Information

APN1185670010003
SubdivisionMilan Place
Land UseResidential
Legal DescriptionTR 3 BLK 1 MILAN PLACE
Census Tract431801
Assessed Land Value$232,812
Assessed Improvement Value$317,803
Assessment Year2025

About this property

Stately townhome located in the private gated community of Milan Estates. Minutes to the major freeways and Galleria, easy access to Downtown, and convenience for dining + entertainment all around. In the heart of the city, the lock and leave aspect of Milan Estates is perfect for anyone searching for low maintenance living without sacrificing their style. Perfect layout with formal living room, dining, and kitchen open to the family room. Generously sized primary bedroom with double sinks, tub, and separate shower. Newly renovated back patio and deck is perfect for entertaining!

Investor Tools

Property Icon
$568,000
Estimated Property Value
$493,121Estimated Mortgage Balance
$74,879Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,408 /month
Positive
Cash Flow Estimate:
$1,136 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,129/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,713
$550,615
2025
$232,812
$317,803
$550,615
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,713
$550,615

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Gibraltar Group Mortgage Llc
Conventional
$503,500
No
First
Mar 31, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$493,121
$69,879
12%
87%
$3,019/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$3,019/mo
$-439/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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50 Milan Ests | Property Details | No Agent List