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$310,000

Under Contract
5614 Thomas Nelson Dr, Tyler, TX 75707
3 Beds
2 Baths
1,780 Square Feet
0.15 Acres Lot
Built in 2000
Under Contract
Units n/a
Checked: 5 hours ago
Updated: Aug 31, 2025 at 10:12AM

Investment Summary


Monthly Cash Flow
-$473
Cap Rate
3.8%
Cash-on-Cash Return
-8.0%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-3.7%

Property Description


0.15 Acres Lot
Built in 2000
Under Contract
Units n/a

Nestled in the gated Williamsburg Village community, this property is a charming single-story brick home offering approximately 1,780 sq ft of well-maintained living space with 3 bedrooms and 2 bathrooms. This home features a spacious living area with an extra dining room, gas fireplace, breakfast nook attached to the kitchen, and a fully fenced backyard with a patio and deck. The private master suite includes a full en-suite bath and generous closet space. Located on a quiet street within the highly rated Whitehouse ISD, this property combines comfort, convenience, and community living!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $528/annually

Land Information

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

Lot Information

  • Parcel ID: 150000154402005000
  • Lot Size: 6708 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2000

Tax Information

  • Annual Tax: $4,106

Utilities

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

Location

  • County: Smith

Listing Details


Listed by:
Warren Green
Weichert, Realtors - BCS
(979) 574-1722

Source:
Houston Association of REALTORS
MLS#: 83401154
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$473
Cap Rate
3.8%
Cash-on-Cash Return
-8.0%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-3.7%

Purchase Details

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Purchase price:
$310,000
Amount financed:
-$248,000
Down payment:
$62,000
Closing costs:
$9,300
Rehab costs:
$0
Initial cash invested:
$71,300
Square feet:
1,780
Cost per square foot:
$174
Monthly rent per square foot:
$1.12

Financing Details

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Loan amount:
$248,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,467
Property tax:
$342
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,949

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: (17%)
17%-$342-$4,106
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: (2%)
2%-$44-$528
Total operating expenses: (44%)
44%-$886-$10,634

Cash Flow


Monthly Yearly
Net operating income:
$994 $11,928
Mortgage payments:
-$1,467 -$17,604
Cash flow:
$473 $5,676