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$265,000

Sold
1031 Meyer St, Sealy, TX 77474
4 Beds
0 Baths
2,506 Square Feet
0.00 Acres Lot
Built in 1936
Sold
Units n/a
Checked: 12 hours ago
Updated: Jul 20, 2025 at 12:03AM

Investment Summary


Monthly Cash Flow
$449
Cap Rate
7.7%
Cash-on-Cash Return
8.8%
Debt Coverage Ratio
1.36
Internal Rate of Return (5 years)
12.6%

Property Description


0.00 Acres Lot
Built in 1936
Sold
Units n/a

Come see this Historical Victorian home located in the heart of Sealy. Home has been updated with new plumbing, wiring up to city code, double pane windows, central air conditioner, and roof is about 8 years old. This home has great Commercial Potential, plenty of back space to add parking. But wait that's not at all, this homes has a guest suite built in the back with bathroom and kitchen. This home does need some TLC but at this price it's a great investment opportunity you don't want to miss out on.

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Location


Property Details


Parking

  • Description: AttachedCarport, AdditionalParking, Boat, CircularDriveway, ConvertedGarage, RvAccessParking
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • 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: $2,744

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Central
  • Cooling: Central Air

Location

  • County: Austin

Listing Details


Listed by:
Marty Castaneda
REALM Real Estate Professional
(713) 884-0690

Source:
Houston Association of REALTORS
MLS#: 71798599
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
$449
Cap Rate
7.7%
Cash-on-Cash Return
8.8%
Debt Coverage Ratio
1.36
Internal Rate of Return (5 years)
12.6%

Purchase Details

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Purchase price:
$265,000
Amount financed:
-$212,000
Down payment:
$53,000
Closing costs:
$7,950
Rehab costs:
$0
Initial cash invested:
$60,950
Square feet:
2,506
Cost per square foot:
$106
Monthly rent per square foot:
$1.12

Financing Details

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Loan amount:
$212,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,254
Property tax:
$229
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,679

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: (8%)
8%-$229-$2,744
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: (33%)
33%-$929-$11,144

Cash Flow


Monthly Yearly
Net operating income:
$1,703 $20,436
Mortgage payments:
-$1,254 -$15,048
Cash flow:
$449 $5,388