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$475,000

For Sale - Active
2227 Country Creek Way, Richmond, TX 77406
4 Beds
0 Baths
2,514 Square Feet
0.00 Acres Lot
Built in 1984
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: May 25, 2025 at 03:05AM

Investment Summary


Monthly Cash Flow
-$1,004
Cap Rate
3.1%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-6.7%

Property Description


0.00 Acres Lot
Built in 1984
For Sale - Active
Units n/a

Impeccably maintained 4-bed, 2.5-bath home in the master-planned golf course community of Pecan Grove. Nestled on a beautifully landscaped lot, this two-story gem features a grand entry foyer, soaring ceilings, and abundant natural light. The open-concept layout includes a formal dining room, a spacious living area with a stunning fireplace, large windows overlooking the backyard oasis, and a bright, airy breakfast area. The dream kitchen offers granite counters, custom backsplash, center island with seating, built-in desk with hutch, and walk-in pantry. The main-level primary suite boasts a tray ceiling, spa-like bath with custom walk-in shower, dual sinks, vanity, and built-in storage. Upstairs, you'll find a game room, three generous bedrooms, and a full bath. The backyard retreat includes lush landscaping, a fully fenced yard, and a sparkling inground pool with a spa. Oversized 2-car garage with workshop/golf cart space. Enjoy nearby parks, trails, sports fields & the Country Club!

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Location


Property Details


Parking

  • Description: Detached, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Composition
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Pecan Grove HOA
  • HOA Fee: $250/annually

Land Information

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

Lot Information

  • Parcel ID: 5740070010410907
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1984

Tax Information

  • Annual Tax: $8,837

Utilities

  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Fort Bend

Listing Details


Listed by:
Sherri Springer
Orchard Brokerage
(832) 428-1323

Source:
Houston Association of REALTORS
MLS#: 82139367
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,004
Cap Rate
3.1%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-6.7%

Purchase Details

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Purchase price:
$475,000
Amount financed:
-$380,000
Down payment:
$95,000
Closing costs:
$14,250
Rehab costs:
$0
Initial cash invested:
$109,250
Square feet:
2,514
Cost per square foot:
$189
Monthly rent per square foot:
$1.15

Financing Details

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Loan amount:
$380,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,248
Property tax:
$736
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,187

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$736-$8,837
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (1%)
1%-$21-$252
Total operating expenses: (51%)
51%-$1,482-$17,789

Cash Flow


Monthly Yearly
Net operating income:
$1,244 $14,928
Mortgage payments:
-$2,248 -$26,976
Cash flow:
$1,004 $12,048