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$142,500

For Sale - Active
3130 Walnut Bend Ln Apt 409, Houston, TX 77042
2 Beds
0 Baths
1,184 Square Feet
0.00 Acres Lot
Built in 1981
For Sale - Active
Units n/a
Checked: 4 hours ago
Updated: May 26, 2025 at 03:26PM

Investment Summary


Monthly Cash Flow
-$383
Cap Rate
2.5%
Cash-on-Cash Return
-14.0%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-9.6%

Property Description


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

Situated in a charming neighborhood, this delightful gated residence features 2 bedrooms, 2 bathrooms, a spacious living room with a cozy wood burning fireplace. Enjoy two patios off the kitchen and master bedroom. Ideal for first-time homeowners, with a nearby bike and walking trail plus a beautiful library. Don't miss this chance to own a stunning property in a sought-after location!

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Location


Property Details


Parking

  • Details: Off Street, Additional Parking, Detached
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 0
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $424/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 1149110200003
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Contemporary/Modern
  • Year Built: 1981

Tax Information

  • Annual Tax: $3,010

Utilities

  • Heating: Electric, Central, Zoned
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Harris

Listing Details


Listed by:
Mary Ann Shields
Pinnacle Real Estate Holding LLC
(713) 543-1388

Source:
Houston Association of REALTORS
MLS#: 48447147
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$383
Cap Rate
2.5%
Cash-on-Cash Return
-14.0%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-9.6%

Purchase Details

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Purchase price:
$142,500
Amount financed:
-$114,000
Down payment:
$28,500
Closing costs:
$4,275
Rehab costs:
$0
Initial cash invested:
$32,775
Square feet:
1,184
Cost per square foot:
$120
Monthly rent per square foot:
$1.18

Financing Details

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Loan amount:
$114,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$674
Property tax:
$251
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,023

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$251-$3,010
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (30%)
30%-$424-$5,088
Total operating expenses: (73%)
73%-$1,025-$12,298

Cash Flow


Monthly Yearly
Net operating income:
$291 $3,492
Mortgage payments:
-$674 -$8,088
Cash flow:
$383 $4,596