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$199,900

For Sale - Active
502 River Oaks Dr, Huntsville, TX 77340
2 Beds
2 Baths
1,568 Square Feet
0.00 Acres Lot
Built in 1973
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 22, 2025 at 08:02AM

Investment Summary


Monthly Cash Flow
-$244
Cap Rate
4.2%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.2%

Property Description


0.00 Acres Lot
Built in 1973
For Sale - Active
Units n/a

You don't want to miss seeing this 2 bed/2bath home conveniently located on a corner lot in a charming golf course community. With ample square footage, it is the perfect size for a resident. The carpet was recently installed and the exterior trim and the interior was recently repainted. This house features a fenced backyard and large deck, numerous closets, and two attic spaces, for all your storage needs. Don't forget the spacious two car garage as well! You will be able to easily access the many neighborhood amenities, and make it into town (or I-45) within minutes. Don't pass up the chance to call this recently updated, and conveniently located house, your home!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Combination
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: Elkins Lake Recreation
  • HOA Fee: $235/monthly

Land Information

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

Lot Information

  • Parcel ID: 25308
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1973

Tax Information

  • Annual Tax: $3,665

Utilities

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

Location

  • County: Walker

Listing Details


Listed by:
Martha Williams
Homes Of Huntsville, Inc
(936) 714-1886

Source:
Houston Association of REALTORS
MLS#: 3266183
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$244
Cap Rate
4.2%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.2%

Purchase Details

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Purchase price:
$199,900
Amount financed:
-$159,920
Down payment:
$39,980
Closing costs:
$5,997
Rehab costs:
$0
Initial cash invested:
$45,977
Square feet:
1,568
Cost per square foot:
$127
Monthly rent per square foot:
$1.15

Financing Details

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Loan amount:
$159,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$946
Property tax:
$305
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,377

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: (17%)
17%-$305-$3,665
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: (13%)
13%-$235-$2,820
Total operating expenses: (55%)
55%-$990-$11,885

Cash Flow


Monthly Yearly
Net operating income:
$702 $8,424
Mortgage payments:
-$946 -$11,352
Cash flow:
$244 $2,928