Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$3,725,000

Under Contract
50 Silver Iris Way, Spring, TX 77382
5 Beds
7 Baths
8,804 Square Feet
1.20 Acres Lot
Built in 2016
Under Contract
Units n/a
Checked: 5 hours ago
Updated: Oct 01, 2025 at 10:21AM

Investment Summary


Monthly Cash Flow
-$17,492
Cap Rate
0.0%
Cash-on-Cash Return
-24.5%
Debt Coverage Ratio
0.01
Internal Rate of Return (5 years)
-19.6%

Property Description


1.20 Acres Lot
Built in 2016
Under Contract
Units n/a

Tucked away at the end of a private cul-de-sac & behind the 24-hour manned gates of prestigious Carlton Woods, this magnificent 2-story residence offers an unparalleled lifestyle in one of the area’s most exclusive enclaves—home to the renowned Jack Nicklaus Signature Golf Course. Residents enjoy world-class golf, tennis, spa, dining, & vibrant social events within a private, resort-style setting. Inside, soaring ceilings & architectural detailing set a tone of elegance & comfort. Walls of windows and glass doors seamlessly connect interiors to inviting outdoor spaces for year-round entertaining. Enjoy a 1st floor game room, gourmet kitchen with 2 islands & high-end appliances, elevator, spacious primary with flex room, en suite bedrooms up, & abundant storage. A 2nd-floor suite with bath & balcony offers options for media, game, or family room. Outdoors: summer kitchen, pool, large lot, motor court & generator! Arch. ADD'L GARAGE PLANS/CASITA AVAILABLE. Room for private tennis court!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Avatar
Avatar
Avatar

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent
Avatar
Avatar
Avatar

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender
Avatar
Avatar
Avatar

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager
Avatar
Avatar
Avatar

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: CircularDriveway, Garage, GarageDoorOpener
  • Details: Attached, Attached Carport
  • Garage Spaces: 2
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 6
  • # of Baths (Partial): 1
  • # of Baths (Total): 7.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Material: Tile
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $4,250/annually

Land Information

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

Lot Information

  • Parcel ID: 96000201800
  • Lot Size: 52485 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Mediterranean
  • Year Built: 2016

Tax Information

  • Annual Tax: $46,284

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Ceiling Fan(s), Electric

Location

  • County: Montgomery

Listing Details


Listed by:
Diane Kink
Keller Williams Realty The Woodlands
(713) 575-2383

Source:
Houston Association of REALTORS
MLS#: 77578906
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$17,492
Cap Rate
0.0%
Cash-on-Cash Return
-24.5%
Debt Coverage Ratio
0.01
Internal Rate of Return (5 years)
-19.6%

Purchase Details

Find an Agent

Purchase price:
$3,725,000
Amount financed:
-$2,980,000
Down payment:
$745,000
Closing costs:
$111,750
Rehab costs:
$0
Initial cash invested:
$856,750
Square feet:
8,804
Cost per square foot:
$423
Monthly rent per square foot:
$0.72

Financing Details

Find a Lender

Loan amount:
$2,980,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$17,628
Property tax:
$3,857
Insurance:
$441
Private mortgage insurance (PMI):
$0
Monthly payment:
$21,926

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$6,300 $75,600
Vacancy loss: (6%)
6% -$378 -$4,536
Operating income:
$5,922 $71,064

Operating Expenses


% Rent Monthly Yearly
Property taxes: (61%)
61%-$3,857-$46,284
Insurance: (7%)
7%-$441-$5,292
Property management: (8%)
8%-$504-$6,048
Repairs & maintenance: (5%)
5%-$315-$3,780
Capital expenditures: (5%)
5%-$315-$3,780
HOA fees: (6%)
6%-$354-$4,248
Total operating expenses: (92%)
92%-$5,786-$69,432

Cash Flow


Monthly Yearly
Net operating income:
$136 $1,632
Mortgage payments:
-$17,628 -$211,536
Cash flow:
-$17,492 -$209,904