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$379,900

For Sale - Active
1404 Pickney Ave, Port Bolivar, TX 77650
3 Beds
3 Baths
1,368 Square Feet
0.26 Acres Lot
Built in 1986
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Sep 22, 2025 at 10:14AM

Investment Summary


Monthly Cash Flow
-$447
Cap Rate
4.3%
Cash-on-Cash Return
-6.1%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.0%

Property Description


0.26 Acres Lot
Built in 1986
For Sale - Active
Units n/a

Don't miss this opportunity to own your own piece of the Bolivar Peninsula! This 3 bedroom, 2 bath home features newer hurricane windows, a newer roof, Fully updated HVAC and ducts, updated electrical panel, covered front and back decks, and over 1/2 acre fully fenced yard. There is also an irrigation system to keep the gorgeous landscaping looking great. Enjoy a convenient 1/2 bath downstairs in the 1 car garage. Minutes from the ferry to Galveston and close to all the action of Crystal Beach, this property also offers peace and tranquility near great fishing. Plenty of room for a pool and to keep your boat and RV, too. Come tour this gorgeous property today!

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Location


Property Details


Parking

  • Description: AdditionalParking, Attached, Boat, Driveway, ElectricGate, Garage
  • Details: Attached, Gated
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Raised
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 596003660022000
  • Lot Size: 11199 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1986

Tax Information

  • Annual Tax: $3,660

Utilities

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

Location

  • County: Galveston

Listing Details


Listed by:
Gay Milliorn
RE/MAX Excellence
(832) 262-6828

Source:
Houston Association of REALTORS
MLS#: 24229161
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$447
Cap Rate
4.3%
Cash-on-Cash Return
-6.1%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.0%

Purchase Details

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Purchase price:
$379,900
Amount financed:
-$303,920
Down payment:
$75,980
Closing costs:
$11,397
Rehab costs:
$0
Initial cash invested:
$87,377
Square feet:
1,368
Cost per square foot:
$278
Monthly rent per square foot:
$1.75

Financing Details

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Loan amount:
$303,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,798
Property tax:
$305
Insurance:
$168
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,271

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,400 $28,800
Vacancy loss: (6%)
6% -$144 -$1,728
Operating income:
$2,256 $27,072

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$305-$3,660
Insurance: (7%)
7%-$168-$2,016
Property management: (8%)
8%-$192-$2,304
Repairs & maintenance: (5%)
5%-$120-$1,440
Capital expenditures: (5%)
5%-$120-$1,440
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (38%)
38%-$905-$10,860

Cash Flow


Monthly Yearly
Net operating income:
$1,351 $16,212
Mortgage payments:
-$1,798 -$21,576
Cash flow:
-$447 -$5,364