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$190,000

For Sale - Active
3503 Acornrun Ln, Spring, TX 77389
2 Beds
0 Baths
1,313 Square Feet
0.00 Acres Lot
Built in 1982
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 09, 2025 at 03:18AM

Investment Summary


Monthly Cash Flow
-$201
Cap Rate
4.4%
Cash-on-Cash Return
-5.5%
Debt Coverage Ratio
0.78
Internal Rate of Return (5 years)
-1.4%

Property Description


0.00 Acres Lot
Built in 1982
For Sale - Active
Units n/a

Welcome to this charming 2 bed 2 bath home with a study, spanning 1313 sq ft on a cul-de-sac oversized lot. The property boasts a spacious backyard perfect for outdoor activities. Inside, you'll find new carpet throughout, with ceramic tiling in the kitchen, entry, and baths. This home offers the opportunity to customize to your liking. Zoned to the top-rated Klein ISD, and conveniently situated near the Grand Parkway, I45 and the Hardy Toll Road. Don't miss out on this wonderful opportunity to make this house your home!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 3
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $482/annually

Land Information

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

Lot Information

  • Parcel ID: 1129070000042
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1982

Tax Information

  • Annual Tax: $5,225

Utilities

  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Harris

Listing Details


Listed by:
Chance Brown
CB&A, Realtors
(832) 678-4770

Source:
Houston Association of REALTORS
MLS#: 89218744
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$201
Cap Rate
4.4%
Cash-on-Cash Return
-5.5%
Debt Coverage Ratio
0.78
Internal Rate of Return (5 years)
-1.4%

Purchase Details

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Purchase price:
$190,000
Amount financed:
-$152,000
Down payment:
$38,000
Closing costs:
$5,700
Rehab costs:
$0
Initial cash invested:
$43,700
Square feet:
1,313
Cost per square foot:
$145
Monthly rent per square foot:
$1.29

Financing Details

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Loan amount:
$152,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$899
Property tax:
$435
Insurance:
$119
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,453

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,700 $20,400
Vacancy loss: (6%)
6% -$102 -$1,224
Operating income:
$1,598 $19,176

Operating Expenses


% Rent Monthly Yearly
Property taxes: (26%)
26%-$435-$5,225
Insurance: (7%)
7%-$119-$1,428
Property management: (8%)
8%-$136-$1,632
Repairs & maintenance: (5%)
5%-$85-$1,020
Capital expenditures: (5%)
5%-$85-$1,020
HOA fees: (2%)
2%-$40-$480
Total operating expenses: (53%)
53%-$900-$10,805

Cash Flow


Monthly Yearly
Net operating income:
$698 $8,376
Mortgage payments:
-$899 -$10,788
Cash flow:
$201 $2,412