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$295,000

For Sale - Active
22914 Whittaker Way, Spring, TX 77373
3 Beds
0 Baths
2,512 Square Feet
0.00 Acres Lot
Built in 1981
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 17, 2025 at 06:08AM

Investment Summary


Monthly Cash Flow
-$211
Cap Rate
4.8%
Cash-on-Cash Return
-3.7%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.4%

Property Description


0.00 Acres Lot
Built in 1981
For Sale - Active
Units n/a

This rare, well maintained, 2,512 sq.ft. home offers an incredible blend of comfort and versatility. With separate entrances for each floor and individual electric meters and A/C units, it’s perfect for multigenerational living or rental income! Each of the three spacious bedrooms features its own private bathroom, ensuring everyone has their own retreat. The large kitchen is a chef's delight, and the cozy wood-burning fireplace adds warmth to the living space. Recent upgrades include a new driveway, electric gate, and secure fencing, enhancing convenience and privacy. Situated on a generous 10,724 sq.ft. unrestricted lot, the possibilities are endless—residential, commercial, or both! Enjoy the freedom of no HOA or maintenance fees, a low tax rate, and the peace of mind that comes from knowing this property has never flooded. This isn’t just a home; it’s an opportunity for limitless potential! Schedule your showing today and explore the possibilities! (Very motivated Seller!)

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Location


Property Details


Parking

  • Description: DetachedCarport
  • Details: Detached
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 0.0

Interior Features

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

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 0432090020317
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other Style
  • Year Built: 1981

Tax Information

  • Annual Tax: $6,479

Utilities

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

Location

  • County: Harris

Listing Details


Listed by:
Heather Cornelius
Keller Williams Premier Realty
(281) 505-2085

Source:
Houston Association of REALTORS
MLS#: 84183847
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$211
Cap Rate
4.8%
Cash-on-Cash Return
-3.7%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.4%

Purchase Details

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Purchase price:
$295,000
Amount financed:
-$236,000
Down payment:
$59,000
Closing costs:
$8,850
Rehab costs:
$0
Initial cash invested:
$67,850
Square feet:
2,512
Cost per square foot:
$117
Monthly rent per square foot:
$1.00

Financing Details

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Loan amount:
$236,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,396
Property tax:
$540
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,111

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: (22%)
22%-$540-$6,479
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: (n/a)
n/an/an/a
Total operating expenses: (47%)
47%-$1,165-$13,979

Cash Flow


Monthly Yearly
Net operating income:
$1,185 $14,220
Mortgage payments:
-$1,396 -$16,752
Cash flow:
$211 $2,532