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$259,000

For Sale - Active
331 W Broad St, Freeport, TX 77541
9 Beds
0 Baths
3,560 Square Feet
0.00 Acres Lot
Built in 1934
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 30, 2025 at 03:12AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$154
Cap Rate
6.4%
Cash-on-Cash Return
3.1%
Debt Coverage Ratio
1.13
Internal Rate of Return (5 years)
7.0%

Property Description


0.00 Acres Lot
Built in 1934
For Sale - Active
Units n/a

Step into timeless charm with this expansive 9-bedroom, 2-bathroom home, proudly showcasing its 1930s craftsmanship. Offering generously sized rooms throughout, this residence beautifully preserves much of its original character — including stunning hardwood floors, authentic wood plank walls, and original doors and hardware throughout, all adding warmth and vintage charm. The large kitchen provides ample space for culinary creativity, while the bright and inviting sunroom is the perfect spot to relax or entertain. Downstairs, you'll find two bedrooms and a large utility room, while upstairs offers seven additional bedrooms connected by a long, spacious hallway that adds to the home's grand and open feel. This corner lot with alley access adds everyday convenience to this unique property. With its size, character, and flexibility, this home offers endless opportunities to make it your own.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 9

Bathroom Information

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

Interior Features

  • # of Rooms: 14
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 42000558130
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Craftsman
  • Year Built: 1934

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Baseboard
  • Cooling: Window Unit(s)

Location

  • County: Brazoria

Listing Details


Listed by:
Tanya Ammons
Coldwell Banker Ultimate
(979) 480-3104

Source:
Houston Association of REALTORS
MLS#: 66313557
Houston Association of REALTORS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$154
Cap Rate
6.4%
Cash-on-Cash Return
3.1%
Debt Coverage Ratio
1.13
Internal Rate of Return (5 years)
7.0%

Purchase Details

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Purchase price:
$259,000
Amount financed:
-$207,200
Down payment:
$51,800
Closing costs:
$7,770
Rehab costs:
$0
Initial cash invested:
$59,570
Square feet:
3,560
Cost per square foot:
$73
Monthly rent per square foot:
$0.56

Financing Details

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Loan amount:
$207,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,226
Property tax:
$0
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,366

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: (n/a)
n/an/an/a
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: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$500-$6,000

Cash Flow


Monthly Yearly
Net operating income:
$1,380 $16,560
Mortgage payments:
-$1,226 -$14,712
Cash flow:
$154 $1,848