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$410,000

For Sale - Active
17711 Termini San Luis Pass Rd, Galveston, TX 77554
3 Beds
0 Baths
1,478 Square Feet
0.00 Acres Lot
Built in 1984
For Sale - Active
Units n/a
Checked: 4 hours ago
Updated: Jun 03, 2025 at 03:44AM

Investment Summary


Monthly Cash Flow
-$1,078
Cap Rate
2.5%
Cash-on-Cash Return
-13.7%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-9.3%

Property Description


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

Welcome to "No Worries", a spacious, fully furnished 3 bed/3 bath corner lot townhome just three rows from the beach, offering stunning beach and bay views—perfect for relaxing and unwinding. The main floor features three bedrooms, two full baths, and a large balcony. The primary suite includes beach views, a balcony, and an en-suite bath with dual sinks and tub/shower. A second bedroom also opens to the balcony, while the third offers custom built-in boat bunk beds—perfect for kids. Upstairs features an open-concept living area, full bath, dining room, and a fully stocked kitchen with quartz countertops, island with breakfast bar, and another balcony to enjoy the sunrise. Recently remodeled with new LVP flooring, new Roof, PEX plumbing, updated HVAC and water heater, plus so much more (see documents for full list). Incredible amenities nearby—ask about the impressive vacation rental ratings and revenue. All info per Seller.

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Location


Property Details


Parking

  • Description: Carport
  • Details: Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 11
  • # of Stories: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Seaside Townhomes Owners Assoc.
  • HOA Fee: $500/monthly

Land Information

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

Lot Information

  • Parcel ID: 435700000021000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Other Style
  • Year Built: 1984

Tax Information

  • Annual Tax: $6,841

Utilities

  • Heating: Electric, Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Galveston

Listing Details


Listed by:
Tabatha Urech
Martha Turner Sotheby's International Realty
(832) 755-0921

Source:
Houston Association of REALTORS
MLS#: 55702905
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,078
Cap Rate
2.5%
Cash-on-Cash Return
-13.7%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-9.3%

Purchase Details

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Purchase price:
$410,000
Amount financed:
-$328,000
Down payment:
$82,000
Closing costs:
$12,300
Rehab costs:
$0
Initial cash invested:
$94,300
Square feet:
1,478
Cost per square foot:
$277
Monthly rent per square foot:
$1.89

Financing Details

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Loan amount:
$328,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,940
Property tax:
$570
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,706

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$570-$6,841
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (18%)
18%-$500-$6,000
Total operating expenses: (63%)
63%-$1,770-$21,241

Cash Flow


Monthly Yearly
Net operating income:
$862 $10,344
Mortgage payments:
-$1,940 -$23,280
Cash flow:
$1,078 $12,936