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$699,900

For Sale - Active
51 N Scribewood Cir, The Woodlands, TX 77382
4 Beds
4 Baths
3,426 Square Feet
0.23 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 2 hours ago
Updated: Aug 19, 2025 at 01:19PM

Investment Summary


Monthly Cash Flow
-$1,746
Cap Rate
2.7%
Cash-on-Cash Return
-13.0%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-8.6%

Property Description


0.23 Acres Lot
Built in 2005
For Sale - Active
Units n/a

Freshly new Paint!!!. Beautiful home Located in one of the most sought-after neighborhoods, this beautifully maintained 4-bedroom, 3.5-bathroom home offers comfort, character, and exceptional living space. Thoughtfully designed, the home features spacious living and dining areas, a well-appointed kitchen, and generously sized bedrooms — ideal for both everyday living and entertaining. The house has been lovingly cared for, with a warm, welcoming atmosphere where a family has created lasting memories. The outdoor space provides a perfect setting for relaxation or gatherings, surrounded by a close-knit, vibrant community. With top-rated schools, parks, and convenient amenities nearby, this home combines an ideal location with the charm and functionality every homeowner desires. A rare opportunity to own a property that truly feels like home. New Fences and EV ready home. Roof Replaced - 2017 2 Water heater- 2023 AC Main floor- 2024 Dishwasher- 2025

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage, GarageDoorOpener, Oversized, Tandem
  • Details: Attached, Tandem
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 13
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 96995502900
  • Lot Size: 10079 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2005

Tax Information

  • Annual Tax: $11,012

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Electric

Location

  • County: Montgomery

Listing Details


Listed by:
Atif Khan
LPT Realty, LLC
(405) 420-5280

Source:
Houston Association of REALTORS
MLS#: 84656476
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,746
Cap Rate
2.7%
Cash-on-Cash Return
-13.0%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-8.6%

Purchase Details

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Purchase price:
$699,900
Amount financed:
-$559,920
Down payment:
$139,980
Closing costs:
$20,997
Rehab costs:
$0
Initial cash invested:
$160,977
Square feet:
3,426
Cost per square foot:
$204
Monthly rent per square foot:
$1.05

Financing Details

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Loan amount:
$559,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,312
Property tax:
$918
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,482

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$918-$11,012
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (50%)
50%-$1,818-$21,812

Cash Flow


Monthly Yearly
Net operating income:
$1,566 $18,792
Mortgage payments:
-$3,312 -$39,744
Cash flow:
$1,746 $20,952