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$299,900

For Sale - Active
16717 Captain Hook, Jamaica Beach, TX 77554
2 Beds
0 Baths
944 Square Feet
0.00 Acres Lot
Built in 1980
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: May 06, 2025 at 03:44AM

Investment Summary


Monthly Cash Flow
-$481
Cap Rate
4.4%
Cash-on-Cash Return
-8.4%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-4.1%

Property Description


0.00 Acres Lot
Built in 1980
For Sale - Active
Units n/a

Step into this Jamaica Beach Bungalow with 2 Bedrooms and 2 Full Bathrooms, boasting Gulf views. Recent renovations feature a new large exterior deck with 2 stairways, new paint, flooring, and 2" window blinds. The property includes a complete new AC system (2024), all appliances and an indoor Utility Room with washer and dryer. Take advantage of the Double Wide Driveway, Garage with storage, and flex space with AC. Ideal for home office, enclosed climate controlled storage or hang-out space. Move-in ready for island living including the peace of mind knowing that Jamaica Beach Police, Fire and EMS services are always at the ready. Contact the Listing Agent (or your buyer rep) for a showing today on this charming property.

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Location


Property Details


Parking

  • Description: Attached, Garage, Oversized
  • Details: Oversized, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: JB IMPROVEMENT COMM
  • HOA Fee: $10/annually

Land Information

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

Lot Information

  • Parcel ID: 419800030003000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, Traditional
  • Year Built: 1980

Tax Information

  • Annual Tax: $3,482

Utilities

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

Location

  • County: Galveston

Listing Details


Listed by:
Alexander Joseph
RE/MAX Leading Edge
(832) 443-1815

Source:
Houston Association of REALTORS
MLS#: 18535592
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$481
Cap Rate
4.4%
Cash-on-Cash Return
-8.4%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-4.1%

Purchase Details

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Purchase price:
$299,900
Amount financed:
-$239,920
Down payment:
$59,980
Closing costs:
$8,997
Rehab costs:
$0
Initial cash invested:
$68,977
Square feet:
944
Cost per square foot:
$318
Monthly rent per square foot:
$2.12

Financing Details

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Loan amount:
$239,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,570
Property tax:
$290
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,000

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$290-$3,482
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (0%)
0%-$1-$12
Total operating expenses: (40%)
40%-$791-$9,494

Cash Flow


Monthly Yearly
Net operating income:
$1,089 $13,068
Mortgage payments:
-$1,570 -$18,840
Cash flow:
$481 $5,772