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$220,000

For Sale - Active
21215 Verdecove Ln, Spring, TX 77388
3 Beds
2 Baths
1,560 Square Feet
0.16 Acres Lot
Built in 1983
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Aug 21, 2025 at 02:55AM

Investment Summary


Monthly Cash Flow
-$272
Cap Rate
4.2%
Cash-on-Cash Return
-6.5%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.3%

Property Description


0.16 Acres Lot
Built in 1983
For Sale - Active
Units n/a

Charming 3 bedroom, 2 bathroom single story house nestled in the well-established neighborhood of Bridgestone. Spacious living room flows nicely into the dining room and kitchen. All the bedrooms have ample space. The backyard is perfect for entertaining. Some of the fence and flooring were recently replaced. The community boasts of a clubhouse, large swimming pool, gazebo, tennis courts, soccer field, and playground. Conveniently located by 2920 and Kuykendahl Rd where there are a plethora of retail shopping, restaurants, and entertainment. Schedule your private showing today!

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 9
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Bridgestone HOA
  • HOA Fee: $330/annually

Land Information

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

Lot Information

  • Parcel ID: 1147370020012
  • Lot Size: 7148 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1983

Tax Information

  • Annual Tax: $5,340

Utilities

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

Location

  • County: Harris

Listing Details


Listed by:
Carol Duong
Walzel Properties - Corporate Office
(323) 354-6757

Source:
Houston Association of REALTORS
MLS#: 90362150
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$272
Cap Rate
4.2%
Cash-on-Cash Return
-6.5%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.3%

Purchase Details

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Purchase price:
$220,000
Amount financed:
-$176,000
Down payment:
$44,000
Closing costs:
$6,600
Rehab costs:
$0
Initial cash invested:
$50,600
Square feet:
1,560
Cost per square foot:
$141
Monthly rent per square foot:
$1.15

Financing Details

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Loan amount:
$176,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,041
Property tax:
$445
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,612

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$445-$5,340
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (2%)
2%-$28-$336
Total operating expenses: (51%)
51%-$923-$11,076

Cash Flow


Monthly Yearly
Net operating income:
$769 $9,228
Mortgage payments:
-$1,041 -$12,492
Cash flow:
$272 $3,264