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$285,000

For Sale - Active
2407 Rambling Brook Dr, Spring, TX 77373
3 Beds
0 Baths
1,895 Square Feet
0.00 Acres Lot
Built in 1975
For Sale - Active
Units n/a
Checked: 7 hours ago
Updated: May 20, 2025 at 03:23AM

Investment Summary


Monthly Cash Flow
-$600
Cap Rate
3.8%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.6%

Property Description


0.00 Acres Lot
Built in 1975
For Sale - Active
Units n/a

Discover unparalleled elegance in this exquisitely renovated single-story home in the sought-after community of Timber Lane. Featuring new flooring throughout, energy-efficient windows, and fresh paint inside and out, this home blends comfort and style. The chef’s kitchen boasts soft-close cabinetry, granite countertops, stainless steel appliances, and a built-in double oven. The spa-like primary bathroom offers a frameless glass shower, dual vanity with herringbone cabinets, and a chic LED-lit mirror, complemented by two spacious closets. The guest bathroom shines with contemporary tilework, a modern vanity, and an LED-lit mirror. Both secondary bedrooms include custom storage solutions for added functionality. A stunning floor-to-ceiling brick fireplace anchors the spacious living room. Outside, enjoy a pergola, deck, generator plug, epoxy-coated garage floors, and an extended driveway. Close to the Timber Lane Hike & Bike Trail, Hardy Toll Rd, I-45, and Grand Parkway. No flooding!

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Location


Property Details


Parking

  • Description: Driveway, Garage, GarageDoorOpener
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Timber Lane
  • HOA Fee: $30/monthly

Land Information

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

Lot Information

  • Parcel ID: 1070850000020
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1975

Tax Information

  • Annual Tax: $5,497

Utilities

  • Water & Sewer: Public
  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Harris

Listing Details


Listed by:
Kay Soumir
eXp Realty, LLC
(832) 329-7371

Source:
Houston Association of REALTORS
MLS#: 18008761
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$600
Cap Rate
3.8%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.6%

Purchase Details

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Purchase price:
$285,000
Amount financed:
-$228,000
Down payment:
$57,000
Closing costs:
$8,550
Rehab costs:
$0
Initial cash invested:
$65,550
Square feet:
1,895
Cost per square foot:
$150
Monthly rent per square foot:
$1.06

Financing Details

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Loan amount:
$228,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,492
Property tax:
$458
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,090

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (23%)
23%-$458-$5,497
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (2%)
2%-$30-$360
Total operating expenses: (49%)
49%-$988-$11,857

Cash Flow


Monthly Yearly
Net operating income:
$892 $10,704
Mortgage payments:
-$1,492 -$17,904
Cash flow:
$600 $7,200