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$229,900

For Sale - Active
7120 Avenue O, Houston, TX 77011
3 Beds
0 Baths
1,346 Square Feet
0.00 Acres Lot
Built in 1935
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: May 09, 2025 at 02:15AM

Investment Summary


Monthly Cash Flow
-$397
Cap Rate
4.2%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.7%

Property Description


0.00 Acres Lot
Built in 1935
For Sale - Active
Units n/a

Seller is willing to complete repairs necessary if needed. This beautifully updated 3-bedroom, 2-bathroom home blends modern elegance with cozy comfort. Featuring an open-concept layout, the home boasts a sleek kitchen with quartz countertops, stainless steel appliances, and custom cabinetry. Both bathrooms have been fully renovated with updated vanities, and appealing fixtures. Faux wood tile flooring runs throughout the home, adding warmth and durability. With energy-efficient windows, and stylish lighting, this home is move-in ready and perfect for modern living. Come view this well priced home before it is taken off the market.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 0252040000036
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1935

Tax Information

  • Annual Tax: $5,225

Utilities

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

Location

  • County: Harris

Listing Details


Listed by:
Derek Montes
Luxely Real Estate
(281) 357-9887

Source:
Houston Association of REALTORS
MLS#: 13199481
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$397
Cap Rate
4.2%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.7%

Purchase Details

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Purchase price:
$229,900
Amount financed:
-$183,920
Down payment:
$45,980
Closing costs:
$6,897
Rehab costs:
$0
Initial cash invested:
$52,877
Square feet:
1,346
Cost per square foot:
$171
Monthly rent per square foot:
$1.34

Financing Details

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Loan amount:
$183,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,204
Property tax:
$435
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,765

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (24%)
24%-$435-$5,225
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (49%)
49%-$885-$10,625

Cash Flow


Monthly Yearly
Net operating income:
$807 $9,684
Mortgage payments:
-$1,204 -$14,448
Cash flow:
$397 $4,764