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$455,000

For Sale - Active
116 Newport Dr, Victoria, TX 77904
4 Beds
4 Baths
2,699 Square Feet
0.00 Acres Lot
Built in 1985
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 20, 2025 at 03:02AM

Investment Summary


Monthly Cash Flow
-$974
Cap Rate
3.7%
Cash-on-Cash Return
-11.2%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.8%

Property Description


0.00 Acres Lot
Built in 1985
For Sale - Active
Units n/a

Welcome home to this beautiful home nestled on a cul-du-sac in Colony Creek. This gorgeous home has top-of-the-line upgrades including beautiful hardwood flooring and a stunning kitchen with exquisite stone countertops. Enjoy a spa-like setting when you enter into the master bathroom complete with a walk-in shower and dual vanities as well as his and her closets. With an impressive 4 bedrooms and 3 and a half baths, this home is ready for its new family with plenty of room to grow. Step outside and enjoy the refreshing pool that the whole family will enjoy during those hot summer days.

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Location


Property Details


Parking

  • Description: Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Material: Composition, Shingle
  • Pool: Yes

HOA

  • Association: Colony Creek HOA

Land Information

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

Lot Information

  • Parcel ID: 1565000601600
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other, SeeRemarks
  • Year Built: 1985

Tax Information

  • Annual Tax: $6,368

Utilities

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

Location

  • County: Victoria

Listing Details


Listed by:
Elizabeth Williams
Manning Real Estate Group
(361) 920-1190

Source:
Central Texas MLS (CTXMLS)
MLS#: 575504
Central Texas MLS (CTXMLS)

Investment Summary


Monthly Cash Flow
-$974
Cap Rate
3.7%
Cash-on-Cash Return
-11.2%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.8%

Purchase Details

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Purchase price:
$455,000
Amount financed:
-$364,000
Down payment:
$91,000
Closing costs:
$13,650
Rehab costs:
$0
Initial cash invested:
$104,650
Square feet:
2,699
Cost per square foot:
$169
Monthly rent per square foot:
$1.04

Financing Details

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Loan amount:
$364,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$2,375
Property tax:
$531
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,102

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: (19%)
19%-$531-$6,368
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: (44%)
44%-$1,231-$14,768

Cash Flow


Monthly Yearly
Net operating income:
$1,401 $16,812
Mortgage payments:
-$2,375 -$28,500
Cash flow:
$974 $11,688