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$319,000

For Sale - Active
406 7th St, Sealy, TX 77474
5 Beds
0 Baths
3,136 Square Feet
0.00 Acres Lot
Built in 1920
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: Jun 04, 2025 at 03:43AM

Investment Summary


Monthly Cash Flow
$133
Cap Rate
6.2%
Cash-on-Cash Return
2.2%
Debt Coverage Ratio
1.09
Internal Rate of Return (5 years)
6.1%

Property Description


0.00 Acres Lot
Built in 1920
For Sale - Active
Units n/a

This 1920 Craftsman home is a beacon of timeless design & idyllic charm, waiting for its next chapter to be written. From the moment you step onto the front porch-where morning coffees & evening conversations have unfolded over the decades-you'll feel the warmth of a home. Inside, the sparkling original oak hardwood floors harken back to the days of true craftsmen. Inside, you'll find beautifully crafted woodwork, original trim & timeless architectural details. With the right vision, these classic details could shine once more. Spacious living areas bathe in natural light, offering endless possibilities. The kitchen, a blank canvas, invites the perfect blend of historic charm & contemporary convenience. Upstairs, the cozy dormer windows add character & charm. Outside, a generous backyard, where corner posts already stand, wait for the classic white picket fence that will complete this picture-perfect home. This is more than a house-it's an opportunity to continue this home's legacy.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 3
  • Fireplace: Yes

Exterior Features

  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 13873
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Craftsman, Victorian
  • Year Built: 1920

Tax Information

  • Annual Tax: $3,470

Utilities

  • Water & Sewer: Public
  • Heating: None
  • Cooling: Window Unit(s), Ceiling Fan(s)

Location

  • County: Austin

Listing Details


Listed by:
Keith Towne
Keller Williams Premier Realty
(281) 507-5414

Source:
Houston Association of REALTORS
MLS#: 10403602
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
$133
Cap Rate
6.2%
Cash-on-Cash Return
2.2%
Debt Coverage Ratio
1.09
Internal Rate of Return (5 years)
6.1%

Purchase Details

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Purchase price:
$319,000
Amount financed:
-$255,200
Down payment:
$63,800
Closing costs:
$9,570
Rehab costs:
$0
Initial cash invested:
$73,370
Square feet:
3,136
Cost per square foot:
$102
Monthly rent per square foot:
$0.89

Financing Details

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Loan amount:
$255,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,510
Property tax:
$289
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,995

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: (10%)
10%-$289-$3,470
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: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$989-$11,870

Cash Flow


Monthly Yearly
Net operating income:
$1,643 $19,716
Mortgage payments:
-$1,510 -$18,120
Cash flow:
$133 $1,596