Last 24 Hours
$425,000
205 28th Street, Houston, TX, 77008
On Market
Just Added
2 Beds
1 Bath
1,476 Sq Ft
Single Family Residence
$287.94 / sqft
Built in 1948Property Lead Type:
High Equity
Highlights
Interior
Bedrooms 2
Bathrooms Full 1
Garage Available
Heating Central
CoolingExterior
Lot Size5,301 sqft
Building Information
Year Built1920
Stories1
Garage Spaces2
Land Information
APN0562770000003
Lot Number3
SubdivisionMilroy Place
Land UseResidential
Legal DescriptionLT 3 BLK 3 MILROY PLACE
Census Tract511502
Assessed Land Value$450,500
Assessed Improvement Value$98,290
Assessment Year2025
About this property
Old home on the property can be renovated for residential or commercial use. Property is being sold for lot value only. Replated to 3 lots with plans to build single family homes.
Investor Tools
$279,306Estimated Mortgage Balance
$269,484Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,293 /month
Positive
Cash Flow Estimate:
$1,098 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$540/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,730
$548,790
2025
$450,500
$98,290
$548,790
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,730
$548,790
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
J Christopher Builders Llc
Purchase Money Mortgage
$280,933
No
First
May 29, 2026
Aug 2026
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,306
$269,484
49%
51%
$1,685/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$1,685/mo
+$5/mo
3.7%
12.4%