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$699,990

For Sale - Active
15 Harbour Dr, Houston, TX 77058
3 Beds
0 Baths
3,346 Square Feet
0.00 Acres Lot
Built in 1981
For Sale - Active
Units n/a
Checked: 21 hours ago
Updated: May 09, 2025 at 02:23AM

Investment Summary


Monthly Cash Flow
-$1,790
Cap Rate
2.6%
Cash-on-Cash Return
-13.3%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-8.9%

Property Description


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

Nestled on the waterfront, this 3-story fully remodeled townhome is a haven for entertainment and relaxation. Recently updated, it boasts two full kitchens, a spiral staircase, and stunning water views. First floor, boasts, massive game room, and entertainment area with a full kitchen and full bath for your guest. The second floor features a living room, primary kitchen, dining area, and balcony access, and two bedrooms. On the third floor, you'll find the complete remodeled owner's suite and ensuite with breathtaking views. Perfect for those seeking a "Home Sweet Home" or a serene "Home Away From Home" experience. Home is to be getting raised in July giving you access to adding two more bedrooms onto the now, first floor or making a grande first floor master suite adding over 450 ft.² to the home. Check out the 3-D tour!

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Location


Property Details


Parking

  • Description: AdditionalParking, Assigned, Attached, Boat, Garage, GarageDoorOpener
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 3
  • Fireplace: Yes

Exterior Features

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

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 1035330000001
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Contemporary/Modern
  • Year Built: 1981

Tax Information

  • Annual Tax: $10,701

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Central
  • Cooling: Central Air

Location

  • County: Harris

Listing Details


Listed by:
Jonathan Denissen
American Dream Realty -Houston
(346) 662-5636

Source:
Houston Association of REALTORS
MLS#: 90489921
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,790
Cap Rate
2.6%
Cash-on-Cash Return
-13.3%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-8.9%

Purchase Details

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Purchase price:
$699,990
Amount financed:
-$559,992
Down payment:
$139,998
Closing costs:
$21,000
Rehab costs:
$0
Initial cash invested:
$160,998
Square feet:
3,346
Cost per square foot:
$209
Monthly rent per square foot:
$1.05

Financing Details

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Loan amount:
$559,992
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,313
Property tax:
$892
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,450

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$892-$10,701
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (50%)
50%-$1,767-$21,201

Cash Flow


Monthly Yearly
Net operating income:
$1,523 $18,276
Mortgage payments:
-$3,313 -$39,756
Cash flow:
$1,790 $21,480