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$349,900

For Sale - Active
7000 Seawall Blvd Apt 614, Galveston, TX 77551
1 Bed
0 Baths
825 Square Feet
0.00 Acres Lot
Built in 1996
For Sale - Active
Units n/a
Checked: 20 hours ago
Updated: Jul 12, 2025 at 02:36AM

Investment Summary


Monthly Cash Flow
-$1,447
Cap Rate
0.7%
Cash-on-Cash Return
-21.6%
Debt Coverage Ratio
0.13
Internal Rate of Return (5 years)
-16.8%

Property Description


0.00 Acres Lot
Built in 1996
For Sale - Active
Units n/a

What a TREASURE TO FIND!!! Beautiful 1bed/1bath OCEANFRONT Condo with RARE 1 CAR GARAGE steps from Babes Beach! This updated Coastal Condo is located in the exclusive & sought-after The Dawn Condominiums which has been Awarded BEST OF THE ISLAND for CONDOMINIUM RENTALS in 2024/2023! This Condo is a favorite Vacation Rental w/Outstanding Reviews! FEATURES include Beautiful Tile Floors, Lg Closet, SS Appliances, new Refrigerator, new Water Heater, new Garbage Disposal, Granite Countertops, Recent Paint, and AC & Furnishings within 5yrs. The Utility is Conveniently located inside w/Full Size Washer & New Dryer that Stay! The Dawn is Pet-Friendly, features 2 Magnificent Pools, Hot Tub, Fitness Center, Clubhouse, BBQ Area, Completely Gated, and Beautifully Landscaped Grounds for those evening strolls. Enjoy your favorite drink on your large Private Patio while relaxing to the sounds of seagulls & the serene ocean waves! Conveys Furnished with minor exclusions! A True Jewel to see!

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Location


Property Details


Parking

  • Description: Unassigned
  • Details: Unassigned
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

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

Interior Features

  • # of Rooms: 4
  • # of Stories: 3

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $551/monthly

Land Information

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

Lot Information

  • Parcel ID: 293800000614000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Traditional
  • Year Built: 1996

Tax Information

  • Annual Tax: $4,956

Utilities

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

Location

  • County: Galveston

Listing Details


Listed by:
Blanca Gonzalez
Keller Williams Realty Clear Lake / NASA
(832) 282-2918

Source:
Houston Association of REALTORS
MLS#: 98642253
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,447
Cap Rate
0.7%
Cash-on-Cash Return
-21.6%
Debt Coverage Ratio
0.13
Internal Rate of Return (5 years)
-16.8%

Purchase Details

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Purchase price:
$349,900
Amount financed:
-$279,920
Down payment:
$69,980
Closing costs:
$10,497
Rehab costs:
$0
Initial cash invested:
$80,477
Square feet:
825
Cost per square foot:
$424
Monthly rent per square foot:
$2.06

Financing Details

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Loan amount:
$279,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,656
Property tax:
$413
Insurance:
$119
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,188

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,700 $20,400
Vacancy loss: (6%)
6% -$102 -$1,224
Operating income:
$1,598 $19,176

Operating Expenses


% Rent Monthly Yearly
Property taxes: (24%)
24%-$413-$4,956
Insurance: (7%)
7%-$119-$1,428
Property management: (8%)
8%-$136-$1,632
Repairs & maintenance: (5%)
5%-$85-$1,020
Capital expenditures: (5%)
5%-$85-$1,020
HOA fees: (32%)
32%-$551-$6,612
Total operating expenses: (82%)
82%-$1,389-$16,668

Cash Flow


Monthly Yearly
Net operating income:
$209 $2,508
Mortgage payments:
-$1,656 -$19,872
Cash flow:
$1,447 $17,364