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$509,900

5950 Kiam St Unit E, Houston, TX, 77007

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths2,772 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$183.95 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Wine Refrigerator, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Concrete, Wood

Exterior

Exterior FeaturesSide Yard
Lot Size1,660 sqft

Building Information

Year Built2008
Garage Spaces1

Land Information

APN1288250010002
Lot Number2
SubdivisionKiam Courts
Land UseResidential
Legal DescriptionLT 2 BLK 1 KIAM COURTS
Census Tract510901
Assessed Land Value$116,270
Assessed Improvement Value$327,651
Assessment Year2025

About this property

Meticulously maintained free-standing home in a GATED community in Cottage Grove with no HOA. The first floor offers a bedroom and study/flex room that could be converted to a 4th bedroom, a full bath, and access to backyard. 2nd floor living, dining, and kitchen with a dry bar complete with wine refrigerator and wine rack, and a separate serving bar. The home is perfect for entertaining, with expansive kitchen with oversized island. The primary suite is located on the 3rd floor with a sitting area, luxurious ensuite bath with soaking tub and separate shower, and 2 incredible closets! There is abundant storage throughout the home, including an oversized closet under the stairs and large pantry. NEW ROOF in 2024 AND AC 2026 (for 2 floors), and new hardwood floors on the 2nd floor (living and dining level). Oversized utility room with sink, and tankless hot water heater. In the heart of Cottage Grove with easy access to 610, I-10 and all that Heights has to offer.

Investor Tools

$105,157Estimated Mortgage Balance
$388,843Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,059 /month
Positive
Cash Flow Estimate:
$1,020 /month

Interested in this property?

Gina Fisher

Keller Williams Memorial

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$729/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,275
$443,921
2025
$116,270
$327,651
$443,921
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,275
$443,921

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Professional Mortgage Llc
Conventional
$125,000
No
First
Oct 23, 2018
Nov 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$105,157
$388,843
78%
21%
$750/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$750/mo
+$1,830/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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5950 Kiam St Unit E | Property Details | No Agent List