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$157,999

For Sale - Active
111 Prather Dr, Killeen, TX 76541
3 Beds
1 Bath
1,392 Square Feet
0.00 Acres Lot
Built in 1962
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Jul 23, 2025 at 03:58AM

Investment Summary


Monthly Cash Flow
-$138
Cap Rate
4.6%
Cash-on-Cash Return
-4.6%
Debt Coverage Ratio
0.82
Internal Rate of Return (5 years)
-0.4%

Property Description


0.00 Acres Lot
Built in 1962
For Sale - Active
Units n/a

Charming and Move-In Ready! This beautifully remodeled 3-bedroom, 1-bath home is the perfect canvas for your personal style. Nestled on a shaded lot with mature trees, the property offers a welcoming and peaceful setting. Step inside to find refinished wood flooring, fresh paint throughout, and new vinyl in key areas. The spacious bedrooms provide comfort and flexibility—ideal for a first-time buyer or a smart investment as a rental property. The backyard is perfect for entertaining—whether you're hosting a barbecue, enjoying outdoor games, or simply relaxing with friends and family, it's a great space for good, clean fun. Conveniently located near schools, shopping, restaurants, and with easy access to Fort Hood and Highway 14. Don’t miss your chance to own a piece of Texas!

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Location


Property Details


Parking

  • Description: ConvertedGarage
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Foundation: Pillar/Post/Pier
  • Roof Type: Gable
  • Roof Material: Composition, Shingle

Land Information

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

Lot Information

  • Parcel ID: 117266
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1962

Tax Information

  • Annual Tax: $1,788

Utilities

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

Location

  • County: Bell

Listing Details


Listed by:
Marilyn Joyce
The Agents Premiere Realty Grp
(254) 218-4177

Source:
Central Texas MLS (CTXMLS)
MLS#: 577698
Central Texas MLS (CTXMLS)

Investment Summary


Monthly Cash Flow
-$138
Cap Rate
4.6%
Cash-on-Cash Return
-4.6%
Debt Coverage Ratio
0.82
Internal Rate of Return (5 years)
-0.4%

Purchase Details

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Purchase price:
$157,999
Amount financed:
-$126,399
Down payment:
$31,600
Closing costs:
$4,740
Rehab costs:
$0
Initial cash invested:
$36,340
Square feet:
1,392
Cost per square foot:
$114
Monthly rent per square foot:
$0.79

Financing Details

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Loan amount:
$126,399
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$748
Property tax:
$149
Insurance:
$77
Private mortgage insurance (PMI):
$0
Monthly payment:
$974

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,100 $13,200
Vacancy loss: (6%)
6% -$66 -$792
Operating income:
$1,034 $12,408

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$149-$1,788
Insurance: (7%)
7%-$77-$924
Property management: (8%)
8%-$88-$1,056
Repairs & maintenance: (5%)
5%-$55-$660
Capital expenditures: (5%)
5%-$55-$660
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$424-$5,088

Cash Flow


Monthly Yearly
Net operating income:
$610 $7,320
Mortgage payments:
-$748 -$8,976
Cash flow:
$138 $1,656