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$280,000

For Sale - Active
19646 Ballina Meadows Dr, Katy, TX 77449
3 Beds
0 Baths
1,931 Square Feet
0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 16, 2025 at 05:24AM

Investment Summary


Monthly Cash Flow
-$482
Cap Rate
3.6%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.7%

Property Description


0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a

This beautiful two story home is a corner lot with a large backyard. The first floor is a open concept perfect for family gatherings. All rooms are located on the second floor.

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage, GarageDoorOpener
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $435/annually

Land Information

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

Lot Information

  • Parcel ID: 1249250010115
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2005

Tax Information

  • Annual Tax: $6,009

Utilities

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

Location

  • County: Harris

Listing Details


Listed by:
Oswaldo Franco
Home Alliance Group
(832) 655-0137

Source:
Houston Association of REALTORS
MLS#: 75976953
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$482
Cap Rate
3.6%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.7%

Purchase Details

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Purchase price:
$280,000
Amount financed:
-$224,000
Down payment:
$56,000
Closing costs:
$8,400
Rehab costs:
$0
Initial cash invested:
$64,400
Square feet:
1,931
Cost per square foot:
$145
Monthly rent per square foot:
$1.04

Financing Details

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Loan amount:
$224,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,325
Property tax:
$501
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,966

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: (25%)
25%-$501-$6,009
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: (2%)
2%-$36-$432
Total operating expenses: (52%)
52%-$1,037-$12,441

Cash Flow


Monthly Yearly
Net operating income:
$843 $10,116
Mortgage payments:
-$1,325 -$15,900
Cash flow:
$482 $5,784