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$475,000

Sale Pending
3510 Dryer Park Dr, Spring, TX 77373
4 Beds
0 Baths
4,286 Square Feet
0.00 Acres Lot
Built in 2014
Sale Pending
Units n/a
Checked: 1 day ago
Updated: Jul 16, 2025 at 07:07AM

Investment Summary


Monthly Cash Flow
-$951
Cap Rate
3.3%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-6.1%

Property Description


0.00 Acres Lot
Built in 2014
Sale Pending
Units n/a

DESIGNED TO IMPRESS! THIS GORGEOUS HOME IS EQUIP WITH LUXURY POOL, LARGE COVERED PATIO, BUILT-IN BBQ GRILL, PAID-OFF SOLAR PANELS & THREE CAR GARAGE- WOW! INSIDE THIS STUNNING HOME YOU GET A THEATRE ROOM, GAME ROOM, ENGINEERED WOOD, FORMAL DINING, OPEN CONCEPT KITCHEN W/QUARTZ COUNTERTOP, TONS OF CABINETS, BREAKFAST AREA, OFFICE/STUDY OR BONUS ROOM, POWDER ROOM AND DEDICATED LAUNDRY ROOM. SPACIOUS PRIMARY BEDROOM W/LARGE WALK IN CLOSET, DUAL VANITY, SOAKING TUB & GLASS SHOWER. THREE BEDROOMS AND TWO BATHROOMS UPSTAIRS. CONVENIENTLY LOCATED NEAR HARDY TOLL AND I-45 FOR QUICK COMMUTES, CLOSE TO SHOPPING, RESTAURANTS AND ENTERTAINMENT. WELCOME TO YOUR DREAM HOME!

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Location


Property Details


Parking

  • Description: AdditionalParking, Attached, Garage, GarageDoorOpener
  • Details: Oversized, 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: 12
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Material: Composition
  • Pool: Yes
  • Solar Panels: Yes

HOA

  • Has HOA: Yes
  • Association: Chaparral Management
  • HOA Fee: $435/annually

Land Information

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

Lot Information

  • Parcel ID: 1296130020020
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary/Modern
  • Year Built: 2014

Tax Information

  • Annual Tax: $13,812

Utilities

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

Location

  • County: Harris

Listing Details


Listed by:
Noreen Pascal
eXp Realty LLC
(910) 922-8439

Source:
Houston Association of REALTORS
MLS#: 3123447
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$951
Cap Rate
3.3%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-6.1%

Purchase Details

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Purchase price:
$475,000
Amount financed:
-$380,000
Down payment:
$95,000
Closing costs:
$14,250
Rehab costs:
$0
Initial cash invested:
$109,250
Square feet:
4,286
Cost per square foot:
$111
Monthly rent per square foot:
$0.84

Financing Details

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Loan amount:
$380,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,248
Property tax:
$1,151
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,651

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (32%)
32%-$1,151-$13,812
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (1%)
1%-$36-$432
Total operating expenses: (58%)
58%-$2,087-$25,044

Cash Flow


Monthly Yearly
Net operating income:
$1,297 $15,564
Mortgage payments:
-$2,248 -$26,976
Cash flow:
$951 $11,412