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$192,000

For Sale - Active
2023 Gentryside Dr Apt 304, Houston, TX 77077
2 Beds
3 Baths
1,488 Square Feet
3.79 Acres Lot
Built in 1985
For Sale - Active
Units n/a
Checked: 21 hours ago
Updated: Sep 20, 2025 at 10:11AM

Investment Summary


Monthly Cash Flow
-$674
Cap Rate
1.5%
Cash-on-Cash Return
-18.3%
Debt Coverage Ratio
0.26
Internal Rate of Return (5 years)
-13.7%

Property Description


3.79 Acres Lot
Built in 1985
For Sale - Active
Units n/a

GREAT 2/2.5 TH with blend of style, comfort and convenience in the sought-after Reflections on the Lake in the Energy Corridor. With HIGH CEILINGS, open living space and EXTRA NOOK for an office, reading room or play area with built-ins, you will feel at home. NEW A/C unit (2022). Kitchen is furnished with STAINLESS & BLACK appliances, GRANITE COUNTERTOPS and opens into the living area with a wood-burning FIREPLACE and MANTEL plus a PRIVATE BALCONY with a lake view. Flooring includes laminate wood flooring, tile in kitchen & baths, and carpeting on stairs. Both bedrooms offer ensuite baths, and primary bedroom has a BEAUTIFULLY UPDATED SHOWER with MODERN sinks, fixtures and soft-close cabinets. Bedrooms have an open storage area, good for luggage or those special keepsakes. There is assigned carport parking & open spaces, clubhouse for the residents overlooking pond and pool. Located convenient & easily accessible to schools, shopping, I-10, Westheimer, Hwy 6 for convenience.

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Location


Property Details


Parking

  • Description: AdditionalParking, Assigned, DetachedCarport
  • Details: Additional Parking, Assigned, Carport
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 3
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $548/monthly

Land Information

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

Lot Information

  • Parcel ID: 1163630030004
  • Lot Size: 165109 sqft

Property Information

  • Property Type: Condominium
  • Style: Traditional
  • Year Built: 1985

Tax Information

  • Annual Tax: $3,848

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Ceiling Fan(s), Electric

Location

  • County: Harris

Listing Details


Listed by:
Kiki Dixson
Dixson Realty Services
(281) 235-9096

Source:
Houston Association of REALTORS
MLS#: 20896569
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$674
Cap Rate
1.5%
Cash-on-Cash Return
-18.3%
Debt Coverage Ratio
0.26
Internal Rate of Return (5 years)
-13.7%

Purchase Details

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Purchase price:
$192,000
Amount financed:
-$153,600
Down payment:
$38,400
Closing costs:
$5,760
Rehab costs:
$0
Initial cash invested:
$44,160
Square feet:
1,488
Cost per square foot:
$129
Monthly rent per square foot:
$1.08

Financing Details

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Loan amount:
$153,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$909
Property tax:
$321
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,342

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$321-$3,848
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (34%)
34%-$548-$6,576
Total operating expenses: (79%)
79%-$1,269-$15,224

Cash Flow


Monthly Yearly
Net operating income:
$235 $2,820
Mortgage payments:
-$909 -$10,908
Cash flow:
-$674 -$8,088