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$620,000

For Sale - Active
130 Spring Ln, China Spring, TX 76633
4 Beds
4 Baths
2,736 Square Feet
0.00 Acres Lot
Built in 1978
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Aug 27, 2025 at 10:12AM

Investment Summary


Monthly Cash Flow
-$1,029
Cap Rate
3.7%
Cash-on-Cash Return
-8.7%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-4.4%

Property Description


0.00 Acres Lot
Built in 1978
For Sale - Active
Units n/a

Looking for a home that accommodates any families need. Well, wait no longer. This home awaits fun swim parties, cookouts, and lots of sleepovers. 3 acres of beauty. Property line surrounded by cedars giving you great country living with visits from deer for entertainment. Updated and remodeled throughout. The pool has new equipment, resurfaced with a freeze guard system. Two gas fireplaces that are newly repaired in great working condition. Two outdoor structures/workshops with electricity. New roof and added insulation. The list goes on and on. So much room. So much storage. Even an upstairs suite with a living area to be used as needed. Game room, media room, man cave, or just a relaxing getaway. Come see for yourself! Motivated Seller

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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): 2
  • # of Baths (Partial): 2
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 1
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 180354000047004
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: AFrame
  • Year Built: 1978

Tax Information

  • Annual Tax: $6,119

Utilities

  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Mc Lennan

Listing Details


Listed by:
Tracy Bentley
Greater Waco Realty, Inc.
(214) 769-2870

Source:
Central Texas MLS (CTXMLS)
MLS#: 564592
Central Texas MLS (CTXMLS)

Investment Summary


Monthly Cash Flow
-$1,029
Cap Rate
3.7%
Cash-on-Cash Return
-8.7%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-4.4%

Purchase Details

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Purchase price:
$620,000
Amount financed:
-$496,000
Down payment:
$124,000
Closing costs:
$18,600
Rehab costs:
$0
Initial cash invested:
$142,600
Square feet:
2,736
Cost per square foot:
$227
Monthly rent per square foot:
$1.28

Financing Details

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Loan amount:
$496,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,934
Property tax:
$510
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,689

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$510-$6,119
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$1,385-$16,619

Cash Flow


Monthly Yearly
Net operating income:
$1,905 $22,860
Mortgage payments:
-$2,934 -$35,208
Cash flow:
$1,029 $12,348