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$615,000

NAL Estimated Property Value

566 Bomar St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,458 Sq Ft
price_per_sqft$207.08 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Dryer, Refrigerator, Washer, Cooktop
FlooringCarpet, Slate, Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size2,222 sqft

Building Information

Year Built2002
Garage Spaces2

Land Information

APN1220700010024
Lot Number24
SubdivisionMillennium Homes On Bomar Ave
Land UseResidential
Legal DescriptionLT 24 BLK 1 MILLENNIUM HOMES ON BOMAR AVE
Census Tract410502
Assessed Land Value$199,800
Assessed Improvement Value$329,801
Assessment Year2025

About this property

Located in the heart of Montrose, walk to many shops & restaurants. Original 3/3.5 3 story model home, 1 owner, freestanding end unit w/windows galore in an exclusive gated community. Slate foyer w/1st floor office space/bedroom w/full bath, Light & bright open 2nd floor, under counter kitchen lighting, stone backsplash, granite counters, Jenn-Air appliances, abundant counter tops & cabinets, island seating, pantry, most windows have crescent window panels above that allow streaming natural light, slate fireplace, wood floors throughout the 2nd floor, primary suite on 3rd floor has coffered ceiling that adds depth & dimension, huge closet w/2 built in chests, jacuzzi whirlpool tub, waterfall glass beside tub, separate shower, garage has extra storage under the stairs, 2 separate garage doors, Washer/dryer, entertainment center(Panasonic big screen TV, sound system &recording system remain) Take a look at this warm & inviting home that has been lovingly maintained Location Location!

Investor Tools

Property Icon
$615,000
Estimated Property Value
$436,103Estimated Mortgage Balance
$178,897Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,690 /month
Positive
Cash Flow Estimate:
$1,230 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$902/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,750
$529,601
2025
$199,800
$329,801
$529,601
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,750
$529,601

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$474,000
No
First
Feb 9, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$436,103
$177,897
28%
71%
$2,842/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,842/mo
$-262/mo
5.0%

Learn About the Market: Opportunity in Houston

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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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566 Bomar St | Property Details | No Agent List