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$349,000

5409 De Milo Dr, Houston, TX, 77092

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,424 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$245.08 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Freestanding Oven, Gas Range, Dishwasher
FlooringTile, Wood

Exterior

Lot Size7,802 sqft

Building Information

Year Built1955
Stories1
Garage Spaces2

Land Information

APN0804430000006
Lot Number6
SubdivisionOak Forest
Land UseResidential
Legal DescriptionLT 6 BLK 13 OAK FOREST SEC 16
Census Tract531500
Assessed Land Value$235,200
Assessed Improvement Value$78,717
Assessment Year2025

About this property

Hard to find Oak Forest gem! An updated original with 3 bedrooms, 1.5 baths and wonderful natural light throughout. This home features beautiful original pine hardwood floors, a picture window in the living room, and a spacious kitchen that flows into a light-filled dining space that looks out on to the incredible backyard. The backyard is an oasis with a covered patio, mature plants and generously producing fig trees. Azalea bushes in the front yard explode with color in the Spring. HVAC installed this summer! Two car garage! Easy access to T.C. Jester Park with hike and bike trails, playground, dog park and frisbee golf course. Come see why Oak Forest is one of the most sought after neighborhoods in the city!

Investor Tools

Property Icon
$313,917
Estimated Property Value
$146,450Estimated Mortgage Balance
$198,224Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,094 /month
Positive
Cash Flow Estimate:
$698 /month

Interested in this property?

Amanda Cruser

Bernstein Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$503/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,464
$313,917
2025
$235,200
$78,717
$313,917
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,464
$313,917

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Inc
Conventional
$146,450
No
First
Sep 10, 2016
Oct 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$115,693
$198,224
63%
37%
$879/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$879/mo
+$843/mo
6.6%

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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5409 De Milo Dr | Property Details | No Agent List