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$752,500

For Sale - Active
1046 Lake View Dr, Montgomery, TX 77356
4 Beds
3 Baths
2,216 Square Feet
0.20 Acres Lot
Built in 1983
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Oct 01, 2025 at 10:21AM

Investment Summary


Monthly Cash Flow
-$2,243
Cap Rate
2.1%
Cash-on-Cash Return
-15.6%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-11.0%

Property Description


0.20 Acres Lot
Built in 1983
For Sale - Active
Units n/a

This beautifully renovated home has been thoughtfully updated from top to bottom. Recent improvements include a complete repiping of the plumbing system and a full upgrade of the electrical wiring to meet today’s safety standards. Enjoy the convenience and efficiency of a brand-new water heater. The master bathroom has been fully redesigned with contemporary finishes and fixtures, creating a luxurious retreat. Throughout the home, you’ll find elegant new flooring that enhances both style and durability. The exterior has been completely refreshed with a new roof, as well as stunning brick and stone walls that add both curb appeal and lasting protection against the elements. This comprehensive renovation means you can move in with confidence. The highlight of this property is the private boat dock, just steps from your back door—ideal for boating, fishing, kayaking, or enjoying lazy summer afternoons by the water.

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Location


Property Details


Parking

  • Details: Attached, Garage Door Opener, Boat
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Marble
  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: IMC
  • HOA Fee: $240/annually

Land Information

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

Lot Information

  • Parcel ID: 33000019700
  • Lot Size: 8611 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1983

Tax Information

  • Annual Tax: $10,438

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Attic Fan, Ceiling Fan(s), Electric

Location

  • County: Montgomery

Listing Details


Listed by:
Yunan Yang
Golden Key Realty LLC
(608) 695-9678

Source:
Houston Association of REALTORS
MLS#: 90553508
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$2,243
Cap Rate
2.1%
Cash-on-Cash Return
-15.6%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-11.0%

Purchase Details

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Purchase price:
$752,500
Amount financed:
-$602,000
Down payment:
$150,500
Closing costs:
$22,575
Rehab costs:
$0
Initial cash invested:
$173,075
Square feet:
2,216
Cost per square foot:
$340
Monthly rent per square foot:
$1.44

Financing Details

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Loan amount:
$602,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,561
Property tax:
$870
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,655

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (27%)
27%-$870-$10,438
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (1%)
1%-$20-$240
Total operating expenses: (53%)
53%-$1,690-$20,278

Cash Flow


Monthly Yearly
Net operating income:
$1,318 $15,816
Mortgage payments:
-$3,561 -$42,732
Cash flow:
-$2,243 -$26,916