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$449,900

For Sale - Active
1031 Meyer St, Sealy, TX 77474
5 Beds
0 Baths
2,506 Square Feet
0.00 Acres Lot
Built in 1936
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Jul 06, 2025 at 05:27PM

Investment Summary


Monthly Cash Flow
-$1,132
Cap Rate
2.7%
Cash-on-Cash Return
-13.1%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-8.7%

Property Description


0.00 Acres Lot
Built in 1936
For Sale - Active
Units n/a

Step back in time with this stunning Greek Revival home, nestled beneath a canopy of majestic oak trees and brimming with Southern charm. A circular driveway welcomes you to this beautifully restored and recently renovated historic gem, offering a total of 3,191 square feet—2,506 sq ft in the main home and 685 sq ft in the separate guest quarters. Inside the 2-story main residence, you’ll find 4 spacious bedrooms and 3 baths, including a first-floor bedroom that’s perfect for guests or home office. The second floor hosts the primary suite, complete w/a shower-only en-suite bathroom & access to a charming Juliet-style balcony, along w/two addl bedrooms & a full bath. The guest quarters features a full kitchen, living space, bathroom, & bedroom—ideal for extended family, visitors, or even rental income. Enjoy original hardwood flooring, updated fixtures, & thoughtful upgrades. Situated on a 0.34-acre lot, there's ample backyard space for a future pool, play area, or additional parking.

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Location


Property Details


Parking

  • Description: AttachedCarport, AdditionalParking, Boat, CircularDriveway, ConvertedGarage, RvAccessParking
  • Details: Circular Driveway, Additional Parking, Driveway, RV Access/Parking
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 12847
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Victorian
  • Year Built: 1936

Tax Information

  • Annual Tax: $11,216

Utilities

  • Water & Sewer: Public
  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Austin

Listing Details


Listed by:
Roxanne Walker
Texas Trust Real Estate
(832) 723-2497

Source:
Houston Association of REALTORS
MLS#: 12959245
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,132
Cap Rate
2.7%
Cash-on-Cash Return
-13.1%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-8.7%

Purchase Details

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Purchase price:
$449,900
Amount financed:
-$359,920
Down payment:
$89,980
Closing costs:
$13,497
Rehab costs:
$0
Initial cash invested:
$103,477
Square feet:
2,506
Cost per square foot:
$180
Monthly rent per square foot:
$1.12

Financing Details

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Loan amount:
$359,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,129
Property tax:
$935
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,260

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (33%)
33%-$935-$11,216
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (58%)
58%-$1,635-$19,616

Cash Flow


Monthly Yearly
Net operating income:
$997 $11,964
Mortgage payments:
-$2,129 -$25,548
Cash flow:
$1,132 $13,584