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$287,000

For Sale - Active
7218 Lilac Manor Ln, Richmond, TX 77469
4 Beds
3 Baths
1,753 Square Feet
0.16 Acres Lot
Built in 2009
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: Aug 19, 2025 at 02:20PM

Investment Summary


Monthly Cash Flow
-$378
Cap Rate
4.1%
Cash-on-Cash Return
-6.9%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-2.7%

Property Description


0.16 Acres Lot
Built in 2009
For Sale - Active
Units n/a

Discover the epitome of contemporary living in this exquisitely designed two-story residence. The heart of the home boasts a seamless blend of kitchen, dining, and living areas, perfect for both entertaining and everyday life. The chef's kitchen shines with sleek white cabinetry, granite countertops, and stainless steel appliances. Unwind in the generous living room, big enough for even a full sized sectional. Upstairs, the primary bedroom offers a serene retreat, while 3 additional bedrooms provide versatile spaces for family or guests or an exercise room that caters to your wellness goals. A dedicated laundry area adds convenience. With its modern amenities, thoughtful layout, pool and the outdoor living area, this home is poised to elevate your lifestyle and fulfill your aspirations. Minutes away from Brazos Town Center where there is Dining, Shopping and Entertainment and more on the way!.

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Composition
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Sunrise Meadows POA
  • HOA Fee: $330/annually

Land Information

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

Lot Information

  • Parcel ID: 8289030030180901
  • Lot Size: 6960 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary/Modern
  • Year Built: 2009

Tax Information

  • Annual Tax: $6,951

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Electric

Location

  • County: Fort Bend

Listing Details


Listed by:
John Cacolice
The Lakes Group
(281) 686-3396

Source:
Houston Association of REALTORS
MLS#: 51458903
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$378
Cap Rate
4.1%
Cash-on-Cash Return
-6.9%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-2.7%

Purchase Details

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Purchase price:
$287,000
Amount financed:
-$229,600
Down payment:
$57,400
Closing costs:
$8,610
Rehab costs:
$0
Initial cash invested:
$66,010
Square feet:
1,753
Cost per square foot:
$164
Monthly rent per square foot:
$1.31

Financing Details

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Loan amount:
$229,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,358
Property tax:
$579
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,098

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$579-$6,951
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (1%)
1%-$28-$336
Total operating expenses: (51%)
51%-$1,182-$14,187

Cash Flow


Monthly Yearly
Net operating income:
$980 $11,760
Mortgage payments:
-$1,358 -$16,296
Cash flow:
$378 $4,536