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$649,900

For Sale - Active
11931 S Red Cedar Cir, The Woodlands, TX 77380
5 Beds
0 Baths
3,508 Square Feet
0.00 Acres Lot
Built in 1973
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Jun 02, 2025 at 03:19AM

Investment Summary


Monthly Cash Flow
-$39
Cap Rate
5.6%
Cash-on-Cash Return
-0.3%
Debt Coverage Ratio
0.99
Internal Rate of Return (5 years)
3.7%

Property Description


0.00 Acres Lot
Built in 1973
For Sale - Active
Units n/a

LOCATION!!Fully remodeled home located in the heart of the Woodlands Village of Grogan’s Mill. This beautifully redesigned property features brand-new plumbing, new roof, new flooring, and an updated kitchen perfect for modern living. The spacious floor plan offers 5 generously sized bedrooms, including a luxurious primary suite with a spectacular spa-inspired bathroom and an oversized walk-in closet. One bedroom features its own en-suite bath, ideal for multigenerational living. Upstairs, enjoy a gameroom perfect for family fun or entertaining. Step outside to a manageable backyard with a tall privacy fence and no rear neighbors, offering a peaceful outdoor space. Enjoy ez access to walking trails, parks, and the community center, all just minutes from Market Street/Waterway/Pavilion(2mi), Farmers Market/New Grogans Library(1/4mi), Country Club and the Woodlands Resort(1/2mi). This move-in ready home combines quality, style, and an unbeatable location, schedule your showing today!

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Location


Property Details


Parking

  • Description: Attached, Garage, GarageDoorOpener
  • Details: Driveway, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 97280300300
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1973

Tax Information

  • Annual Tax: $4,961

Utilities

  • Heating: Central, Natural Gas
  • Cooling: Central Air

Location

  • County: Montgomery

Listing Details


Listed by:
Bob Azzarello
Robert Azzarello, Broker
(216) 334-4645

Source:
Houston Association of REALTORS
MLS#: 43701198
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$39
Cap Rate
5.6%
Cash-on-Cash Return
-0.3%
Debt Coverage Ratio
0.99
Internal Rate of Return (5 years)
3.7%

Purchase Details

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Purchase price:
$649,900
Amount financed:
-$519,920
Down payment:
$129,980
Closing costs:
$19,497
Rehab costs:
$0
Initial cash invested:
$149,477
Square feet:
3,508
Cost per square foot:
$185
Monthly rent per square foot:
$1.43

Financing Details

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Loan amount:
$519,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,076
Property tax:
$413
Insurance:
$350
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,839

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,000 $60,000
Vacancy loss: (6%)
6% -$300 -$3,600
Operating income:
$4,700 $56,400

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$413-$4,961
Insurance: (7%)
7%-$350-$4,200
Property management: (8%)
8%-$400-$4,800
Repairs & maintenance: (5%)
5%-$250-$3,000
Capital expenditures: (5%)
5%-$250-$3,000
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$1,663-$19,961

Cash Flow


Monthly Yearly
Net operating income:
$3,037 $36,444
Mortgage payments:
-$3,076 -$36,912
Cash flow:
$39 $468