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$71,500

For Sale - Active
6200 W Tidwell Rd Apt 1304, Houston, TX 77092
2 Beds
0 Baths
1,133 Square Feet
0.00 Acres Lot
Built in 1974
For Sale - Active
Units n/a
Checked: 4 hours ago
Updated: May 22, 2025 at 05:50AM

Investment Summary


Monthly Cash Flow
$128
Cap Rate
2.1%
Cash-on-Cash Return
2.1%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
6.0%

Property Description


0.00 Acres Lot
Built in 1974
For Sale - Active
Units n/a

This beautiful two-story condominium sits in front of a well-managed green area, offering a relaxing space just steps away. Conveniently located near major roads, this home provides easy access—just the second exit off 290! Close to everything you need, making daily commutes a breeze. See it today! This home features new flooring and fresh paint. Room sizes are approximate and should be independently verified.This tenant-occupied property features a long-term tenant who wishes to stay

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Randal Mgmt.
  • HOA Fee: $488/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 1312710000089
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Ranch
  • Year Built: 1974

Tax Information

  • Annual Tax: $1,717

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Central
  • Cooling: Central Air

Location

  • County: Harris

Listing Details


Listed by:
Ruth Messele
Apex Brokerage, LLC
(832) 668-4685

Source:
Houston Association of REALTORS
MLS#: 890303
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
$128
Cap Rate
2.1%
Cash-on-Cash Return
2.1%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
6.0%

Purchase Details

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Purchase price:
$71,500
Amount financed:
$0
Down payment:
$71,500
Closing costs:
$2,145
Rehab costs:
$0
Initial cash invested:
$73,645
Square feet:
1,133
Cost per square foot:
$63
Monthly rent per square foot:
$0.97

Financing Details

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Loan amount:
$0

Financing is not included in this analysis because the purchase price is under $75,000. Most lenders have minimum loan amounts and typically do not provide financing for properties below this threshold. However, if you’d like to include financing, you can customize the value through the Customize Inputs tab.

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,100 $13,200
Vacancy loss: (6%)
6% -$66 -$792
Operating income:
$1,034 $12,408

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$143-$1,717
Insurance: (7%)
7%-$77-$924
Property management: (8%)
8%-$88-$1,056
Repairs & maintenance: (5%)
5%-$55-$660
Capital expenditures: (5%)
5%-$55-$660
HOA fees: (44%)
44%-$488-$5,856
Total operating expenses: (82%)
82%-$906-$10,873

Cash Flow


Monthly Yearly
Net operating income:
$128 $1,536
Mortgage payments:
$0 $0
Cash flow:
$128 $1,536