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$290,000

For Sale - Active
106 W Watt St, El Campo, TX 77437
4 Beds
0 Baths
2,799 Square Feet
0.00 Acres Lot
Built in 1944
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: May 04, 2025 at 03:18AM

Investment Summary


Monthly Cash Flow
-$382
Cap Rate
4.1%
Cash-on-Cash Return
-6.9%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-2.7%

Property Description


0.00 Acres Lot
Built in 1944
For Sale - Active
Units n/a

Beautiful updated 4-bedroom, 3-bathroom home, perfectly situated on a large corner lot, offering ample space for comfortable living and entertaining. As you step inside, you'll be greeted by a light-filled open floor plan that flows seamlessly between the living, dining, and kitchen areas. The spacious living room offers plenty of room for relaxation, while the dining area is perfect for family gatherings or hosting guests. The home features four spacious bedrooms, each with plenty of closet space, and three full bathrooms, offering convenience and privacy for all family members. Outside, the expansive corner lot provides endless possibilities for outdoor activities, gardening, or simply enjoying the fresh air This home also features solar panels, offering energy efficiency and helping reduce utility costs, making it an eco-friendly choice for your family. Don’t miss out on the opportunity to make this your dream home! Schedule a showing today!

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

  • Foundation: Slab
  • Roof Material: Composition
  • Solar Panels: Yes

Land Information

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

Lot Information

  • Parcel ID: 13902
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1944

Tax Information

  • Annual Tax: $6,331

Utilities

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

Location

  • County: Wharton

Listing Details


Listed by:
Jennifer Hernandez
Powers Real Estate
(979) 533-2995

Source:
Houston Association of REALTORS
MLS#: 69373508
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$382
Cap Rate
4.1%
Cash-on-Cash Return
-6.9%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-2.7%

Purchase Details

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Purchase price:
$290,000
Amount financed:
-$232,000
Down payment:
$58,000
Closing costs:
$8,700
Rehab costs:
$0
Initial cash invested:
$66,700
Square feet:
2,799
Cost per square foot:
$104
Monthly rent per square foot:
$0.79

Financing Details

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Loan amount:
$232,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,372
Property tax:
$528
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,054

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (24%)
24%-$528-$6,331
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (49%)
49%-$1,078-$12,931

Cash Flow


Monthly Yearly
Net operating income:
$990 $11,880
Mortgage payments:
-$1,372 -$16,464
Cash flow:
$382 $4,584