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$495,000

For Sale - Active
1405 Gou Hole Rd, Cove, TX 77523
2 Beds
2 Baths
1,610 Square Feet
4.76 Acres Lot
Built in 1978
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: Sep 20, 2025 at 10:11AM

Investment Summary


Monthly Cash Flow
-$1,289
Cap Rate
2.6%
Cash-on-Cash Return
-13.6%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-9.1%

Property Description


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

Great opportunity to own this 4.760 acre unrestricted property in Chambers County. Current home needs renovation. Use for business, update the current home or build your dream home.

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Location


Property Details


Parking

  • Description: AdditionalParking, Detached, Garage
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 2
  • # of Stories: 1

Exterior Features

  • Foundation: Slab
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 003060770200000100001
  • Lot Size: 207345 sqft

Property Information

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

Tax Information

  • Annual Tax: $5,584

Utilities

  • Water & Sewer: Well
  • Heating: Electric
  • Cooling: Electric

Location

  • County: Chambers

Listing Details


Listed by:
Kevin King
RE/MAX ONE - Premier
(832) 597-1200

Source:
Houston Association of REALTORS
MLS#: 29530444
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,289
Cap Rate
2.6%
Cash-on-Cash Return
-13.6%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-9.1%

Purchase Details

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Purchase price:
$495,000
Amount financed:
-$396,000
Down payment:
$99,000
Closing costs:
$14,850
Rehab costs:
$0
Initial cash invested:
$113,850
Square feet:
1,610
Cost per square foot:
$307
Monthly rent per square foot:
$1.37

Financing Details

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Loan amount:
$396,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,342
Property tax:
$465
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,961

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$465-$5,584
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (46%)
46%-$1,015-$12,184

Cash Flow


Monthly Yearly
Net operating income:
$1,053 $12,636
Mortgage payments:
-$2,342 -$28,104
Cash flow:
-$1,289 -$15,468