Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$259,900

For Sale - Active
1705 Holloman Dr, Port Lavaca, TX 77979
2 Beds
0 Baths
3,490 Square Feet
0.00 Acres Lot
Built in 1968
For Sale - Active
2 Units
Checked: 7 hours ago
Updated: Jun 07, 2025 at 03:09AM

Investment Summary


Monthly Cash Flow
-$891
Cap Rate
1.6%
Cash-on-Cash Return
-17.9%
Debt Coverage Ratio
0.28
Internal Rate of Return (5 years)
-13.3%

Property Description


0.00 Acres Lot
Built in 1968
For Sale - Active
2 Units

Investment Opportunity: Fully Rented 6-Plex in the Heart of Port Lavaca Right off of Austin St. Discover a turnkey investment with this centrally located multifamily 6-plex, offering steady rental income from day one. This property features six units total—two upstairs and four downstairs—each currently fully occupied and generating consistent monthly revenue. Upstairs units are 2/1 units. Downstairs units are a 1/1 and 2 studios. Prime Location Situated in the heart of Port Lavaca, this property is just minutes from local employment, shopping, schools, restaurants, and the waterfront, making it a desirable spot for tenants and a smart buy for investors. ?? Property Highlights 6 total units (2 upstairs, 4 downstairs) 100% occupancy Strong rental history Centrally located Excellent cash flow potential

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Stories: 2

Exterior Features

  • Foundation: Slab
  • Roof Material: Composition, Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Quadruplex

Lot Information

  • Parcel ID: 18234
  • Lot Size: 0 sqft

Property Information

  • Property Type: Apartment
  • Year Built: 1968

Tax Information

  • Annual Tax: $4,206

Utilities

  • Water & Sewer: Public

Location

  • County: Calhoun

Listing Details


Listed by:
Kristina Marie Summers
RE/MAX Land & Homes on the Bay
(361) 250-4845

Source:
Central Texas MLS (CTXMLS)
MLS#: 575571
Central Texas MLS (CTXMLS)

Investment Summary


Monthly Cash Flow
-$891
Cap Rate
1.6%
Cash-on-Cash Return
-17.9%
Debt Coverage Ratio
0.28
Internal Rate of Return (5 years)
-13.3%

Purchase Details

Find an Agent

Purchase price:
$259,900
Amount financed:
-$207,920
Down payment:
$51,980
Closing costs:
$7,797
Rehab costs:
$0
Initial cash invested:
$59,777
Square feet:
3,490
Cost per square foot:
$74
Monthly rent per square foot:
$0.29

Financing Details

Find a Lender

Loan amount:
$207,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,230
Property tax:
$351
Insurance:
$70
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,651

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,000 $12,000
Vacancy loss: (6%)
6% -$60 -$720
Operating income:
$940 $11,280

Operating Expenses


% Rent Monthly Yearly
Property taxes: (35%)
35%-$351-$4,206
Insurance: (7%)
7%-$70-$840
Property management: (8%)
8%-$80-$960
Repairs & maintenance: (5%)
5%-$50-$600
Capital expenditures: (5%)
5%-$50-$600
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (60%)
60%-$601-$7,206

Cash Flow


Monthly Yearly
Net operating income:
$339 $4,068
Mortgage payments:
-$1,230 -$14,760
Cash flow:
$891 $10,692