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$380,000

For Sale - Active
3231 Fountain Hills Dr, Missouri City, TX 77459
5 Beds
3 Baths
4,175 Square Feet
0.17 Acres Lot
Built in 2003
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: Aug 19, 2025 at 03:31PM

Investment Summary


Monthly Cash Flow
-$837
Cap Rate
3.0%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-7.1%

Property Description


0.17 Acres Lot
Built in 2003
For Sale - Active
Units n/a

Come see this spacious Missouri City two-story, 5-bedroom home with the primary suite downstairs, situated on a corner lot for added privacy. Features include wood floors on the main level, oversized bedrooms (each fits a king bed, dresser, chest & 2 nightstands), custom paint, a two-car garage, and abundant natural light throughout. Conveniently located near parks, schools, and shopping.

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 13
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: Principle Managment
  • HOA Fee: $500/annually

Land Information

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

Lot Information

  • Parcel ID: 6660030030150907
  • Lot Size: 7318 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2003

Tax Information

  • Annual Tax: $11,148

Utilities

  • Heating: Natural Gas
  • Cooling: Electric

Location

  • County: Fort Bend

Listing Details


Listed by:
Jenny Par
5th Stream Realty
(469) 740-6034

Source:
Houston Association of REALTORS
MLS#: 94041940
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$837
Cap Rate
3.0%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-7.1%

Purchase Details

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Purchase price:
$380,000
Amount financed:
-$304,000
Down payment:
$76,000
Closing costs:
$11,400
Rehab costs:
$0
Initial cash invested:
$87,400
Square feet:
4,175
Cost per square foot:
$91
Monthly rent per square foot:
$0.67

Financing Details

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Loan amount:
$304,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,798
Property tax:
$929
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,923

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (33%)
33%-$929-$11,148
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (2%)
2%-$42-$504
Total operating expenses: (60%)
60%-$1,671-$20,052

Cash Flow


Monthly Yearly
Net operating income:
$961 $11,532
Mortgage payments:
-$1,798 -$21,576
Cash flow:
$837 $10,044