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$249,000

For Sale - Active
4406 Rosegate Dr, Spring, TX 77373
3 Beds
0 Baths
1,961 Square Feet
0.00 Acres Lot
Built in 1979
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: May 30, 2025 at 03:45AM

Investment Summary


Monthly Cash Flow
-$293
Cap Rate
4.3%
Cash-on-Cash Return
-6.1%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.0%

Property Description


0.00 Acres Lot
Built in 1979
For Sale - Active
Units n/a

Welcome 4406 Rosegate Drive. A 3 bedroom 2.5 bathroom home in Spring, TX. As you enter the home to your left you'll find a large flex room that can be used as a fourth bedroom. Coming through the entryway you'll notice the stylish tile and pass the half bath on the way into the open living room and kitchen area. That same stylish tile is carried into the kitchen on the backsplash. The spacious kitchen is equipped with butcher block counter tops and updated cabinets that give you plenty of storage. The dining room is off of the kitchen and there's additional flex space just off of the living room for an extra sitting area or whatever you desire it to be. The fenced backyard has a large covered porch perfect for those summertime BBQ's and spending time with family. Schedule your tour before it's gone!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Birnamwood III CIA
  • HOA Fee: $335/annually

Land Information

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

Lot Information

  • Parcel ID: 1077800000002
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1979

Tax Information

  • Annual Tax: $5,604

Utilities

  • Heating: Electric, Central
  • Cooling: Central Air

Location

  • County: Harris

Listing Details


Listed by:
Nikiesha Scott
Legacy Homes & Properties, LLC
(281) 500-3603

Source:
Houston Association of REALTORS
MLS#: 90809760
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$293
Cap Rate
4.3%
Cash-on-Cash Return
-6.1%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.0%

Purchase Details

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Purchase price:
$249,000
Amount financed:
-$199,200
Down payment:
$49,800
Closing costs:
$7,470
Rehab costs:
$0
Initial cash invested:
$57,270
Square feet:
1,961
Cost per square foot:
$127
Monthly rent per square foot:
$1.02

Financing Details

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Loan amount:
$199,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,178
Property tax:
$467
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,785

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: (23%)
23%-$467-$5,604
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: (1%)
1%-$28-$336
Total operating expenses: (50%)
50%-$995-$11,940

Cash Flow


Monthly Yearly
Net operating income:
$885 $10,620
Mortgage payments:
-$1,178 -$14,136
Cash flow:
$293 $3,516