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
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$280,000

Sold
5931 Mettler Ln, Richmond, TX 77469
3 Beds
0 Baths
1,899 Square Feet
0.00 Acres Lot
Built in 2002
Sold
Units n/a
Checked: 1 day ago
Updated: Jul 16, 2025 at 11:53PM

Investment Summary


Monthly Cash Flow
-$596
Cap Rate
3.1%
Cash-on-Cash Return
-11.1%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-6.8%

Property Description


0.00 Acres Lot
Built in 2002
Sold
Units n/a

Great Location! This home is conveniently located near restaurants, entertainment, and shopping centers and easy access to Hwy 59 & 99. The community amenities include clubhouse with exercise room, tennis, volleyball, basketball, pool, playground & 24-hour gate attendant. The kitchen opens up to the breakfast area and into the spacious living room with a cozy fireplace. The home office is situated at the entrance of the home with great sunlight. The formal dining room has plenty of space for friends and family gatherings. Make an appointment today to view this home in person.

Build Your Team


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

Agents

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

Find an Agent

Lenders

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

Find a Lender

Property Managers

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

Find a Property Manager

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: 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: 11
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Canyon Gate at the Brazos
  • HOA Fee: $1,258/annually

Land Information

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

Lot Information

  • Parcel ID: 2245050010110901
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2002

Tax Information

  • Annual Tax: $5,718

Utilities

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

Location

  • County: Fort Bend

Listing Details


Listed by:
Raul Gonzalez
SanDoray Real Estate, LLC
(979) 824-0220

Source:
Houston Association of REALTORS
MLS#: 64913412
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$596
Cap Rate
3.1%
Cash-on-Cash Return
-11.1%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-6.8%

Purchase Details

Find an Agent

Purchase price:
$280,000
Amount financed:
-$224,000
Down payment:
$56,000
Closing costs:
$8,400
Rehab costs:
$0
Initial cash invested:
$64,400
Square feet:
1,899
Cost per square foot:
$147
Monthly rent per square foot:
$1.00

Financing Details

Find a Lender

Loan amount:
$224,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,325
Property tax:
$477
Insurance:
$133
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,935

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,900 $22,800
Vacancy loss: (6%)
6% -$114 -$1,368
Operating income:
$1,786 $21,432

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$477-$5,718
Insurance: (7%)
7%-$133-$1,596
Property management: (8%)
8%-$152-$1,824
Repairs & maintenance: (5%)
5%-$95-$1,140
Capital expenditures: (5%)
5%-$95-$1,140
HOA fees: (6%)
6%-$105-$1,260
Total operating expenses: (56%)
56%-$1,057-$12,678

Cash Flow


Monthly Yearly
Net operating income:
$729 $8,748
Mortgage payments:
-$1,325 -$15,900
Cash flow:
$596 $7,152