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$379,900

For Sale - Active
6635 Griffing Rd, Beaumont, TX 77708
5 Beds
0 Baths
3,300 Square Feet
0.00 Acres Lot
Built in 1988
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: May 28, 2025 at 03:31AM

Investment Summary


Monthly Cash Flow
-$622
Cap Rate
3.7%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-4.3%

Property Description


0.00 Acres Lot
Built in 1988
For Sale - Active
Units n/a

Stunning Updated Brick Home on Beautiful 1 Acre Lot! This dream home has it all! Wonderful circle driveway leads to a 4-car garage & an oversized shop, perfect for storing your boat, RV or creating your ultimate workshop. Step inside to a welcoming entry, formal dining & great room with vaulted ceiling. The beautifully updated kitchen & baths have gorgeous quartz countertops. Updated fixtures throughout. The 5 spacious bedrooms & 3 baths offer flex space for office. The sunroom/game room seamlessly flows to covered outdoor patio, making it perfect for relaxing & entertaining. For the ultimate entertainment experience enjoy movie nights in your own home theater room! Fantastic layout & move in ready appeal, this home is ready for its next owners. All right inside the city limits for easy commutes. Don't miss out! Schedule your showing today!

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Circular Driveway, Additional Parking, Boat, Driveway, RV Access/Parking, Attached
  • Garage Spaces: 4
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 13
  • # of Stories: 1

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: 30001700000682000000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1988

Tax Information

  • Annual Tax: $6,583

Utilities

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

Location

  • County: Jefferson

Listing Details


Listed by:
Penne Mayer
Coldwell Banker Southern Homes
(409) 893-9505

Source:
Houston Association of REALTORS
MLS#: 69961162
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$622
Cap Rate
3.7%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-4.3%

Purchase Details

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Purchase price:
$379,900
Amount financed:
-$303,920
Down payment:
$75,980
Closing costs:
$11,397
Rehab costs:
$0
Initial cash invested:
$87,377
Square feet:
3,300
Cost per square foot:
$115
Monthly rent per square foot:
$0.76

Financing Details

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Loan amount:
$303,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,798
Property tax:
$549
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,522

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (22%)
22%-$549-$6,583
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (47%)
47%-$1,174-$14,083

Cash Flow


Monthly Yearly
Net operating income:
$1,176 $14,112
Mortgage payments:
-$1,798 -$21,576
Cash flow:
$622 $7,464