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$239,900

For Sale - Active
4902 Fairmoor St, Pasadena, TX 77505
3 Beds
0 Baths
1,333 Square Feet
0.00 Acres Lot
Built in 1976
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: May 27, 2025 at 04:46PM

Investment Summary


Monthly Cash Flow
-$284
Cap Rate
4.3%
Cash-on-Cash Return
-6.2%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.0%

Property Description


0.00 Acres Lot
Built in 1976
For Sale - Active
Units n/a

Don't miss this **great starter home or investment opportunity** in the heart of Pasadena! This charming **3-bedroom, 2-bath** home features a **spacious 2-car garage**, a **corner fireplace**, and a **nice-sized backyard with covered patio**—perfect for relaxing or entertaining. Located just minutes from the **Beltway**, this home offers both comfort and convenience. The **thoughtful floorplan** makes the space feel open and inviting. Homes in this area don’t stay on the market long—**schedule your showing today** and see the potential for yourself!

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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 (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

Land Information

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

Lot Information

  • Parcel ID: 1086360000036
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1976

Tax Information

  • Annual Tax: $4,686

Utilities

  • Water & Sewer: Public
  • Heating: Central, Natural Gas
  • Cooling: Central Air

Location

  • County: Harris

Listing Details


Listed by:
John Williams
Real Estate Options of Texas
(713) 492-1163

Source:
Houston Association of REALTORS
MLS#: 93865312
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$284
Cap Rate
4.3%
Cash-on-Cash Return
-6.2%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.0%

Purchase Details

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Purchase price:
$239,900
Amount financed:
-$191,920
Down payment:
$47,980
Closing costs:
$7,197
Rehab costs:
$0
Initial cash invested:
$55,177
Square feet:
1,333
Cost per square foot:
$180
Monthly rent per square foot:
$1.35

Financing Details

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Loan amount:
$191,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,135
Property tax:
$391
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,652

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (22%)
22%-$391-$4,686
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (47%)
47%-$841-$10,086

Cash Flow


Monthly Yearly
Net operating income:
$851 $10,212
Mortgage payments:
-$1,135 -$13,620
Cash flow:
$284 $3,408