242Days on Market

1view

$535,000

588 Bomar Street, Houston, TX, 77006

On Market

3 Beds

4 Bath

2,270 Sq Ft

Single Family Residence

$235.68 / sqft

Built in 2004

Property Lead Type:

High EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator, Cooktop

FlooringMarble, Tile, Wood

Exterior

Exterior FeaturesBalcony

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

Welcome to 588 Bomar St, a beautifully maintained home in the heart of Montrose—Houston’s most walkable and vibrant neighborhood. Steps from top dining, coffee shops, nightlife, and parks, this home offers both comfort and convenience. Each bedroom includes an ensuite bath, with the spacious primary suite featuring two walk-in closets. Wood floors throughout, tile on the first floor. Enjoy interior shutters on all windows, a large balcony off the kitchen and breakfast area—perfect for morning coffee or tea—and a covered patio off the expansive first-floor bedroom. Recent upgrades include a new A/C unit, fresh interior and deck paint (July 2025), new vent covers, LED lighting, and smoke/CO detectors. Refrigerator, washer, and dryer included. Move-in ready! THIS IS AN ATTACHED SINGLE FAMILY HOME

Investor Tools

$574,000

Estimated Property Value

$0Estimated Mortgage Balance

$574,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,444 /month

Positive

Cash Flow Estimate:

$1,148 /month

Interested in this property?

Stephanie Finch

Compass RE Texas, LLC - Houston

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,080/month

$915/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

$574,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$915/mo

+$1,665/mo

5.4%

Learn About the Market: Opportunity in Houston

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