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$397,000

NAL Estimated Property Value

6022 De Milo Drive, Houston, TX, 77092

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,652 Sq Ft
price_per_sqft$242.1 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Gas Range, Dishwasher
FlooringTile, Wood

Exterior

Lot Size6,299 sqft

Building Information

Year Built1965
Stories1
Garage Spaces2

Land Information

APN0973240000020
Lot Number20
SubdivisionForest Pines
Land UseResidential
Legal DescriptionLT 20 BLK 8 FOREST PINES SEC 2B
Census Tract531500
Assessed Land Value$126,000
Assessed Improvement Value$264,994
Assessment Year2025

About this property

NEVER FLOODED! Nestled in the quiet, tree-lined community of beautiful Forest Pines, this redesigned home has been completely remodeled to meet today's standards of elevated living! The best curb appeal on the block with new landscaping, recent exterior paint and a beautiful Crepe Myrtle tree that is ready to bloom. Upon entry, you are welcomed with an open layout that flows seamlessly from the dining area, to the living area, to the kitchen - perfect for entertaining! The kitchen features granite countertops, stainless steel appliances, dry bar with wine fridge and eat-up counter seating. Additional features include energy efficient windows, recessed lighting, on-trend fixtures and a new water heater. The primary suite features an ensuite bath with gorgeous walk-in shower and walk-in closet. The entire HVAC system was replaced in 2016, as well as the roof. Close proximity to major freeways, downtown, the medical center, and great restaurants and parks!

Investor Tools

Property Icon
$397,000
Estimated Property Value
$303,898Estimated Mortgage Balance
$93,102Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$629/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,557
$390,994
2025
$126,000
$264,994
$390,994
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,557
$390,994

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jackson Flagstar Centre Office
Conventional
$319,950
No
First
Aug 7, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$303,898
$93,102
23%
77%
$1,919/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,919/mo
$-197/mo
5.2%

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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6022 De Milo Drive | Property Details | No Agent List