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$185,000

For Sale - Active
202 Royalwood St, Palacios, TX 77465
2 Beds
2 Baths
936 Square Feet
0.89 Acres Lot
Built in 1975
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Jul 24, 2025 at 04:39AM

Investment Summary


Monthly Cash Flow
-$67
Cap Rate
5.2%
Cash-on-Cash Return
-1.9%
Debt Coverage Ratio
0.92
Internal Rate of Return (5 years)
2.2%

Property Description


0.89 Acres Lot
Built in 1975
For Sale - Active
Units n/a

If you are looking for a weekend retreat and fishing cabin...look no further. Tres Palacios Oaks is a gated community with a community pool. This 2 bedroom, 2 bathroom home is on stilts offering parking under the house. The fireplace in the family room is a great place to sit and visit with family and friends. The home has a wrap around porch and views of the lake from the front porch. The home sits on 3 lots with additional 3 lots adjacent to property creating a large lot with trees.

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Location


Property Details


Parking

  • Details: Open
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 2
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Foundation: See Remarks
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: TRES PALACIOS OAKS PROPERTY
  • HOA Fee: $700/annually

Land Information

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

Lot Information

  • Parcel ID: 48278
  • Lot Size: 38899 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1975

Tax Information

  • Annual Tax: $1,200

Utilities

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

Location

  • County: Matagorda

Listing Details


Listed by:
Lisa Christensen
Texas Land And Property
(512) 956-0879

Source:
Unlock MLS (Austin Board of REALTORS)
MLS#: 1815267
Unlock MLS (Austin Board of REALTORS)

Investment Summary


Monthly Cash Flow
-$67
Cap Rate
5.2%
Cash-on-Cash Return
-1.9%
Debt Coverage Ratio
0.92
Internal Rate of Return (5 years)
2.2%

Purchase Details

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Purchase price:
$185,000
Amount financed:
-$148,000
Down payment:
$37,000
Closing costs:
$5,550
Rehab costs:
$0
Initial cash invested:
$42,550
Square feet:
936
Cost per square foot:
$198
Monthly rent per square foot:
$1.50

Financing Details

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Loan amount:
$148,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$875
Property tax:
$100
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,073

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: (7%)
7%-$100-$1,200
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: (4%)
4%-$58-$696
Total operating expenses: (36%)
36%-$508-$6,096

Cash Flow


Monthly Yearly
Net operating income:
$808 $9,696
Mortgage payments:
-$875 -$10,500
Cash flow:
-$67 -$804