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$360,000

For Sale - Active
1418 Red Hills Dr, Iowa Colony, TX 77583
4 Beds
3 Baths
2,596 Square Feet
0.18 Acres Lot
Built in 2021
For Sale - Active
Units n/a
Checked: 7 hours ago
Updated: Sep 20, 2025 at 10:11AM

Investment Summary


Monthly Cash Flow
-$633
Cap Rate
3.6%
Cash-on-Cash Return
-9.2%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-4.9%

Property Description


0.18 Acres Lot
Built in 2021
For Sale - Active
Units n/a

Escape the city and discover a fantastic opportunity with this beautiful Home in Sierra Vista. The seller is highly motivated, making this a great deal for investors or buyers looking for value! This home features a classic brick elevation, tile flooring, and an open-concept great room. The kitchen is well-equipped with granite countertops, a tile backsplash, stainless steel Energy Star® appliances, and 42-inch cabinets. The spacious primary suite offers dual vanities, a 42-inch Kohler Master Windward® tub, and a separate shower for a spa-like feel. Other upgrades include faux wood blinds, full gutters, and a covered patio. Sierra Vista offers resort-style amenities like a 4-acre Crystal Lagoon with white sand beaches, a junior Olympic pool, splash pad, water park, fitness center, and walking trails. With quick access to Hwy 288, Hwy 6, and Beltway 8, you’re minutes from Downtown Houston, the Texas Medical Center, and shopping and dining at Pearland Town Center and The Crossing at 288.

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Location


Property Details


Parking

  • Description: Attached, Garage, GarageDoorOpener
  • 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: 7
  • # of Stories: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Principle Management
  • HOA Fee: $750/annually

Land Information

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

Lot Information

  • Parcel ID: 75772001014
  • Lot Size: 8028 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2021

Tax Information

  • Annual Tax: $12,058

Utilities

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

Location

  • County: Brazoria

Listing Details


Listed by:
Carlazeli Garcia
Fathom Realty
(832) 422-5175

Source:
Houston Association of REALTORS
MLS#: 34328334
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$633
Cap Rate
3.6%
Cash-on-Cash Return
-9.2%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-4.9%

Purchase Details

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Purchase price:
$360,000
Amount financed:
-$288,000
Down payment:
$72,000
Closing costs:
$10,800
Rehab costs:
$0
Initial cash invested:
$82,800
Square feet:
2,596
Cost per square foot:
$139
Monthly rent per square foot:
$1.19

Financing Details

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Loan amount:
$288,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,704
Property tax:
$1,005
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,926

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (32%)
32%-$1,005-$12,058
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (2%)
2%-$63-$756
Total operating expenses: (59%)
59%-$1,843-$22,114

Cash Flow


Monthly Yearly
Net operating income:
$1,071 $12,852
Mortgage payments:
-$1,704 -$20,448
Cash flow:
-$633 -$7,596