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$365,000

For Sale - Active
216 Morgan Isle Ln, Dickinson, TX 77539
4 Beds
3 Baths
2,390 Square Feet
0.13 Acres Lot
Built in 2014
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Sep 22, 2025 at 10:15AM

Investment Summary


Monthly Cash Flow
-$661
Cap Rate
3.5%
Cash-on-Cash Return
-9.4%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.2%

Property Description


0.13 Acres Lot
Built in 2014
For Sale - Active
Units n/a

Welcome to this stunning property featuring luxurious granite counters, elegant hardwood floors, and soaring high ceilings in the living room. The primary bedroom downstairs offers convenience and privacy, while the spacious gameroom upstairs provides endless entertainment possibilities. This home is truly a gem, perfect for those who appreciate fine craftsmanship and thoughtful design. Don't miss out on this unique opportunity to own this beautiful home.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: CREST MANAGEMENT
  • HOA Fee: $580/annually

Land Information

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

Lot Information

  • Parcel ID: 140100040017000
  • Lot Size: 5588 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2014

Tax Information

  • Annual Tax: $7,329

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Natural Gas
  • Cooling: Electric, Gas

Location

  • County: Galveston

Listing Details


Listed by:
Jasminder Singh
Keller Williams Realty Clear Lake / NASA
(713) 870-6131

Source:
Houston Association of REALTORS
MLS#: 89646028
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$661
Cap Rate
3.5%
Cash-on-Cash Return
-9.4%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.2%

Purchase Details

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Purchase price:
$365,000
Amount financed:
-$292,000
Down payment:
$73,000
Closing costs:
$10,950
Rehab costs:
$0
Initial cash invested:
$83,950
Square feet:
2,390
Cost per square foot:
$153
Monthly rent per square foot:
$1.05

Financing Details

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Loan amount:
$292,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,727
Property tax:
$611
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,513

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (24%)
24%-$611-$7,329
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (2%)
2%-$48-$576
Total operating expenses: (51%)
51%-$1,284-$15,405

Cash Flow


Monthly Yearly
Net operating income:
$1,066 $12,792
Mortgage payments:
-$1,727 -$20,724
Cash flow:
-$661 -$7,932