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$389,999

For Sale - Active
13003 Point Aquarius Blvd, Willis, TX 77318
4 Beds
3 Baths
2,404 Square Feet
0.57 Acres Lot
Built in 2006
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Sep 07, 2025 at 10:20AM

Investment Summary


Monthly Cash Flow
-$791
Cap Rate
3.2%
Cash-on-Cash Return
-10.6%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-6.3%

Property Description


0.57 Acres Lot
Built in 2006
For Sale - Active
Units n/a

THIS IS A LIVING ESTATE SALE IN A QUIET GATED COMMUNITY RIGHT ON LAKE CONROE- HOME HAS GREAT BONES & BEING SOLD 100% "AS-IS" - "WHERE IS" - SITS ON A 1/2 ACRE LOT RIGHT ACROSS FROM THE LAKE--- LISTED WAY BELOW ARV FOR QUICK SALE - MAIN HOUSE: 4 BEDS / 2 BATHS-HIGH CEILINGS -GRANITE COUNTERTOPS-WOOD TILE -WIRED SURROUND SOUND -SECURITY CAMERAS & MONITIORING SYSTEM-2 INCH BLINDS THROUGHOUT AND SO MUCH MORE - SEPARATE APARTMENT SPACE (5TH BEDROOM) FEATURES A COVERED FRONT PORCH-HALF BATH & KITCHENETE AREA W/ FRIDGE LINE CONNECTION-RECENTLY INSTALLED CUMMINGS NATURAL GAS GENERATOR / RUNS THE ENTIRE HOUSE -MAIN HOUSE IS 2124 SQFT + 280 SQFT FLEX ROOM FOR 2404 TOTAL SQUARE FOOTAGE -- GREAT INVESTMENT WITH IMMEDIATE EQUITY -BRAND NEW ROOF JUST INSTALLED - BRING YOUR PERSONAL TOUCH TO MAKE THIS YOUR LAKELIFE DREAM HOME -COME SEE ME TODAY TO FULLY APPRECIATE ALL IT HAS TO OFFER !!! ...

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Point Aquarius
  • HOA Fee: $1,350/annually

Land Information

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

Lot Information

  • Parcel ID: 80900902400
  • Lot Size: 24650 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, Traditional
  • Year Built: 2006

Tax Information

  • Annual Tax: $7,511

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Electric

Location

  • County: Montgomery

Listing Details


Listed by:
Dwight Vincent
Icon Real Estate
(281) 798-7644

Source:
Houston Association of REALTORS
MLS#: 85119320
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$791
Cap Rate
3.2%
Cash-on-Cash Return
-10.6%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-6.3%

Purchase Details

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Purchase price:
$389,999
Amount financed:
-$311,999
Down payment:
$78,000
Closing costs:
$11,700
Rehab costs:
$0
Initial cash invested:
$89,700
Square feet:
2,404
Cost per square foot:
$162
Monthly rent per square foot:
$1.08

Financing Details

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Loan amount:
$311,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,846
Property tax:
$626
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,654

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (24%)
24%-$626-$7,511
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (4%)
4%-$113-$1,356
Total operating expenses: (53%)
53%-$1,389-$16,667

Cash Flow


Monthly Yearly
Net operating income:
$1,055 $12,660
Mortgage payments:
-$1,846 -$22,152
Cash flow:
$791 $9,492