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$445,000

For Sale - Active
13035 Belgrave Dr, Cypress, TX 77429
5 Beds
0 Baths
3,106 Square Feet
0.00 Acres Lot
Built in 1981
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: May 20, 2025 at 09:52AM

Investment Summary


Monthly Cash Flow
-$909
Cap Rate
3.8%
Cash-on-Cash Return
-10.7%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.3%

Property Description


0.00 Acres Lot
Built in 1981
For Sale - Active
Units n/a

Stunning Move-In Ready Home with detached FULL Apartment, pool, hot tub and sits on over 1/3 acre in a top-rated school district. The detached mother-in-law (696 sq ft) apartment offers a living room, full kitchen, bedroom, and bathroom, ideal for guests or extended family. The dream kitchen boasts custom cabinets, granite counters, s/s appliances, including a 7 burner range, 2022 dishwasher & disposal. Primary suite down with a relaxing resort styled walk in shower and two closets. Spacious living room, large office, game room, mud room and so much more. Other upgrades include flooring, double pane windows, recent paint, roof , fencing, garage door opener just to name a few. Step outside to your very own private oasis featuring a sparkling pool with rock waterfall, hot tub, and park sized yard. Designed for both relaxation and entertaining it is ideal for enjoying year-round. With luxury features and a move-in-ready design, this home is a rare find. Schedule your private tour today!

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Location


Property Details


Parking

  • Description: Detached, Garage, GarageDoorOpener
  • Details: Garage Door Opener, Private, Driveway, Additional Parking
  • 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: 12
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Lakewood Forest Fund
  • HOA Fee: $720/annually

Land Information

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

Lot Information

  • Parcel ID: 1123560000001
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1981

Tax Information

  • Annual Tax: $8,803

Utilities

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

Location

  • County: Harris

Listing Details


Listed by:
Lynnette Gronewold
RE/MAX Partners
(832) 229-8795

Source:
Houston Association of REALTORS
MLS#: 27613002
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$909
Cap Rate
3.8%
Cash-on-Cash Return
-10.7%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.3%

Purchase Details

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Purchase price:
$445,000
Amount financed:
-$356,000
Down payment:
$89,000
Closing costs:
$13,350
Rehab costs:
$0
Initial cash invested:
$102,350
Square feet:
3,106
Cost per square foot:
$143
Monthly rent per square foot:
$1.03

Financing Details

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Loan amount:
$356,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$2,323
Property tax:
$734
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,281

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (23%)
23%-$734-$8,803
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (2%)
2%-$60-$720
Total operating expenses: (50%)
50%-$1,594-$19,123

Cash Flow


Monthly Yearly
Net operating income:
$1,414 $16,968
Mortgage payments:
-$2,323 -$27,876
Cash flow:
$909 $10,908