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$498,500

For Sale - Active
2623 Holbrook Springs Ln, League City, TX 77573
4 Beds
0 Baths
3,305 Square Feet
0.00 Acres Lot
Built in 2015
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jul 02, 2025 at 03:44AM

Investment Summary


Monthly Cash Flow
-$985
Cap Rate
3.3%
Cash-on-Cash Return
-10.3%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-6.0%

Property Description


0.00 Acres Lot
Built in 2015
For Sale - Active
Units n/a

Come tour this one of a kind property located in golf course community of Magnolia Creek. The property features over 3300 square feet of living space with 4 bedrooms and 3.5 bathrooms. 3 car tandem garage. Upon entering the property you are greeted by high ceilings and the study on your left and dining on your right. The spacious kitchen offers ample counter top and cabinet space for all of your cooking needs. Family room allows for natural with large bay windows. Primary suite with primary bath double sinks and separate shower and tub. Spacious secondary bedrooms with walk in closets. Game room is great to watch your favorite game or just simply relax. Book Today!!

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Location


Property Details


Parking

  • Description: Attached, Garage, Oversized, Tandem
  • Details: Garage Door Opener, Oversized, Driveway, Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # 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: $775/annually

Land Information

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

Lot Information

  • Parcel ID: 490410020007000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2015

Tax Information

  • Annual Tax: $10,061

Utilities

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

Location

  • County: Galveston

Listing Details


Listed by:
Michael Parker
Michael Parker Real Estate Services
(281) 543-1778

Source:
Houston Association of REALTORS
MLS#: 16191311
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$985
Cap Rate
3.3%
Cash-on-Cash Return
-10.3%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-6.0%

Purchase Details

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Purchase price:
$498,500
Amount financed:
-$398,800
Down payment:
$99,700
Closing costs:
$14,955
Rehab costs:
$0
Initial cash invested:
$114,655
Square feet:
3,305
Cost per square foot:
$151
Monthly rent per square foot:
$1.00

Financing Details

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Loan amount:
$398,800
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,359
Property tax:
$838
Insurance:
$231
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,428

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,300 $39,600
Vacancy loss: (6%)
6% -$198 -$2,376
Operating income:
$3,102 $37,224

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$838-$10,061
Insurance: (7%)
7%-$231-$2,772
Property management: (8%)
8%-$264-$3,168
Repairs & maintenance: (5%)
5%-$165-$1,980
Capital expenditures: (5%)
5%-$165-$1,980
HOA fees: (2%)
2%-$65-$780
Total operating expenses: (52%)
52%-$1,728-$20,741

Cash Flow


Monthly Yearly
Net operating income:
$1,374 $16,488
Mortgage payments:
-$2,359 -$28,308
Cash flow:
$985 $11,820