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B+
NoAgentList RatingHow are grades calculated? Info

$494,000

5509 Kiam St, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,280 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$223.68 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringCarpet, Tile, Wood

Exterior

Lot Size2,688 sqft

Building Information

Year Built2011
Garage Spaces2

Land Information

APN0102170000247
Lot Number247
SubdivisionCottage Grove
Land UseResidential
Legal DescriptionLT 247 COTTAGE GROVE SEC 3
Census Tract510901
Assessed Land Value$188,160
Assessed Improvement Value$296,840
Assessment Year2025

About this property

Located in the highly sought after Cottage Grove! This exquisite residence boasts an open-concept layout, high ceilings, luxurious touches perfect for modern living and entertaining. Gourmet kitchen with breakfast bar, built-in wine cooler, and sleek appliances that stay with the home. Step through the French doors to your private backyard oasis. Enjoy the outdoor space with pergola, stone pavers, and built-in flower beds. Hardwood floors and elegant double crown molding throughout. Spacious primary suite offers a large walk-in closet with built-ins and a spa-like bathroom complete with a jetted tub, separate shower, and double vanities. Secondary bedrooms features Juliet balconies, built-in bookcases, and generous closet space. Extra space upstairs provides versatile that can be adapted to suit your needs. Private double-wide driveway and an epoxy-coated garage floor. Conveniently located close to Downtown, The Galleria, shops, and restaurants.

Investor Tools

Property Icon
$494,000
Estimated Property Value
$388,000Estimated Mortgage Balance
$117,542Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,060 /month
Positive
Cash Flow Estimate:
$1,020 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,126/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,048
$485,000
2025
$188,160
$296,840
$485,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,048
$485,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$388,000
No
First
Sep 12, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$376,458
$134,542
26%
76%
$2,327/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,327/mo
+$253/mo
6.3%

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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5509 Kiam St | Property Details | No Agent List