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$495,000

For Sale - Active
24006 Bridge Way, Spring, TX 77389
4 Beds
0 Baths
3,098 Square Feet
0.00 Acres Lot
Built in 2002
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: Jun 09, 2025 at 03:28AM

Investment Summary


Monthly Cash Flow
-$1,298
Cap Rate
3.2%
Cash-on-Cash Return
-13.7%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-9.2%

Property Description


0.00 Acres Lot
Built in 2002
For Sale - Active
Units n/a

Have you ever turned a corner and a house took your breath away? THIS is that house that makes a statement! Perched on a quiet culdesac street with deer roaming nearby. Fantastic layout with tons of natural light! Large primary suite with bay windows. Large open kitchen! Two baths up with game room, 3 oversized bedrooms with high ceilings & large closets. Three car garage, well-maintained home with two new water heaters! THE Northampton where the golf course is just a golf cart ride away + 2 neighborhood pools, gym, playground, and tons of community events. Zoned to Klein schools & Klein Oak IB program, minutes to the Woodlands, Exxon Mobil campus, 99, 45, and 249

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Location


Property Details


Parking

  • Description: AttachedCarport, DetachedCarport, Driveway, Detached, Garage, GarageDoorOpener, Oversized
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $450/annually

Land Information

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

Lot Information

  • Parcel ID: 1221970050008
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2002

Tax Information

  • Annual Tax: $10,358

Utilities

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

Location

  • County: Harris

Listing Details


Listed by:
Honey Dunlap
Honey & Company Realty
(281) 236-4026

Source:
Houston Association of REALTORS
MLS#: 19946368
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,298
Cap Rate
3.2%
Cash-on-Cash Return
-13.7%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-9.2%

Purchase Details

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Purchase price:
$495,000
Amount financed:
-$396,000
Down payment:
$99,000
Closing costs:
$14,850
Rehab costs:
$0
Initial cash invested:
$113,850
Square feet:
3,098
Cost per square foot:
$160
Monthly rent per square foot:
$1.03

Financing Details

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Loan amount:
$396,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$2,605
Property tax:
$863
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,692

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (27%)
27%-$863-$10,358
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (1%)
1%-$38-$456
Total operating expenses: (53%)
53%-$1,701-$20,414

Cash Flow


Monthly Yearly
Net operating income:
$1,307 $15,684
Mortgage payments:
-$2,605 -$31,260
Cash flow:
$1,298 $15,576