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$128,500

For Sale - Active
16800 Sugar Pine Dr Apt A3, Houston, TX 77090
2 Beds
0 Baths
1,476 Square Feet
0.00 Acres Lot
Built in 1984
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: May 26, 2025 at 11:03AM

Investment Summary


Monthly Cash Flow
-$341
Cap Rate
2.5%
Cash-on-Cash Return
-13.8%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-9.4%

Property Description


0.00 Acres Lot
Built in 1984
For Sale - Active
Units n/a

This lovely updated condo on a quiet street has so much to offer!! This thoughtfully updated 2-story unit located at the back of the community overlooking the landscaped courtyard, clubhouse & pool offers two primary bedrooms via a split level floorplan. Recent updates include flooring throughout, fresh paint & custom hardwood stairs. The kitchen offers beautiful new custom made cabinet doors, elegant granite, new tile backsplash, new fixtures, new faucets as well as all new appliances including the stove, microwave, & dishwasher! The spacious family room offers a wood burning fireplace. One of the primary bedroom located down, offers a walk-in closet, & bathroom w/ elegant granite counters, dual sinks & a spacious garden tub. The second primary bedroom located up, offers two walk-in closets & full bathroom with new porcelain tile flooring & new backsplash. Private stairwell + balcony with attached 1 car garage. True GEM!!!

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Garage Door Opener, Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 5
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $517/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 1158150010003
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Traditional
  • Year Built: 1984

Tax Information

  • Annual Tax: $2,183

Utilities

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

Location

  • County: Harris

Listing Details


Listed by:
Thai Truong
eXp Realty LLC
(281) 701-5117

Source:
Houston Association of REALTORS
MLS#: 95685137
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$341
Cap Rate
2.5%
Cash-on-Cash Return
-13.8%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-9.4%

Purchase Details

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Purchase price:
$128,500
Amount financed:
-$102,800
Down payment:
$25,700
Closing costs:
$3,855
Rehab costs:
$0
Initial cash invested:
$29,555
Square feet:
1,476
Cost per square foot:
$87
Monthly rent per square foot:
$0.95

Financing Details

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Loan amount:
$102,800
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$608
Property tax:
$182
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$888

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$182-$2,183
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (37%)
37%-$517-$6,204
Total operating expenses: (75%)
75%-$1,049-$12,587

Cash Flow


Monthly Yearly
Net operating income:
$267 $3,204
Mortgage payments:
-$608 -$7,296
Cash flow:
$341 $4,092