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$559,000

NAL Estimated Property Value

588 Bomar St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,270 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$219.82 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

High EquityCash Buyers

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
AppliancesDryer, Refrigerator, Washer

Exterior

Lot Size1,856 sqft

Building Information

Year Built2004
Garage Spaces2

Land Information

APN1220700010007
Lot Number7
SubdivisionMillennium Homes On Bomar Ave
Land UseResidential
Legal DescriptionLT 7 BLK 1 MILLENNIUM HOMES ON BOMAR AVE
Census Tract410502
Assessed Land Value$166,860
Assessed Improvement Value$345,781
Assessment Year2025

About this property

Fantastic 3 bed 3.5 bath tucked away in a private, gated community in Montrose! This interior, end unit home offers an abundance of natural light along with a fenced backyard and a wooden balcony on the 2nd floor. Open kitchen, dining, and living room with high ceilings. Gorgeous hardwood floors and plantation shutters throughout the home. The light and bright kitchen has an island, gas cooktop, glass front cabinets, breakfast nook, and a window over the sink. Primary bedroom with a raised ceiling, hardwood floors, and two walk in closets. Large primary bathroom has two vanities, a garden tub, and a separate tiled shower. Two car attached garage and guest parking inside the gate. Amazing location so close to downtown, the medical center, parks, restaurants and major freeways!

Investor Tools

Property Icon
$559,000
Estimated Property Value
$0Estimated Mortgage Balance
$559,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,354 /month
Positive
Cash Flow Estimate:
$1,118 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,073/month
$1,830/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,085
$512,641
2025
$166,860
$345,781
$512,641
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$10,085
$512,641

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$572,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$1,830/mo
+$750/mo
5.5%

City: Houston

588 Bomar St | Property Details | No Agent List