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$355,000

For Sale - Active
741 Willowick Dr, Port Lavaca, TX 77979
3 Beds
2 Baths
1,941 Square Feet
0.00 Acres Lot
Built in 1970
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: May 20, 2025 at 03:10AM

Investment Summary


Monthly Cash Flow
-$752
Cap Rate
3.1%
Cash-on-Cash Return
-11.1%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-6.7%

Property Description


0.00 Acres Lot
Built in 1970
For Sale - Active
Units n/a

ASK AGENT ABOUT CREATIVE FINANCING! NEW PRICE ON REMODELED 3 bedroom, 2 bathroom brick home with quaint courtyard. Enter through decorative, wrought iron gate into flower dotted border with inviting bench, to enjoy your morning coffee. This homes is located on a corner corner lot with attached 2 car garage on Willowwick! Upgrades include new SS and black appliances including glass top stove/microwave, dishwasher and DBL door fridge! PLUS, fresh paint, inside and out! New ceramic tile flooring and counter tops! New hardware in kitchen and baths! Bathrooms have been remodeled with ceramic counter tops! New Lighting in the bedrooms, living room and dining room. Windsor treatments have been updated with white, modern blinds. Tons of storage including entry closet, 2 bi-fold closets in hall. Walk-in closet in master and large master bathroom with 2 section bath; sink in 1 room and shower/bath and toilet in 2nd room; easy 2 party prep areas! 2 kid rooms share bath with double vanity and shower/tub combo. Large pantry/utility room, off the 2 car garage. Convenient door to back yard and garage from utility room. Huge back yard with patio area and privacy fence for kids and doggies! Perfect for growing family! Check this awesome, clean house, today! Ask your agent about local financing options with local banks! Seller offering free HOME WARRANTY UP TO $700.00! (Generator will be removed.)

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Location


Property Details


Parking

  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 1
  • # of Stories: 1

Exterior Features

  • Foundation: Slab
  • Roof Material: Composition, Shingle

Land Information

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

Lot Information

  • Parcel ID: 17627
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other, SeeRemarks
  • Year Built: 1970

Tax Information

  • Annual Tax: $4,596

Utilities

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

Location

  • County: Calhoun

Listing Details


Listed by:
Brenda Carter
Russell Cain Real Estate, Port O'Connor
(361) 920-2005

Source:
Central Texas MLS (CTXMLS)
MLS#: 573657
Central Texas MLS (CTXMLS)

Investment Summary


Monthly Cash Flow
-$752
Cap Rate
3.1%
Cash-on-Cash Return
-11.1%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-6.7%

Purchase Details

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Purchase price:
$355,000
Amount financed:
-$284,000
Down payment:
$71,000
Closing costs:
$10,650
Rehab costs:
$0
Initial cash invested:
$81,650
Square feet:
1,941
Cost per square foot:
$183
Monthly rent per square foot:
$0.98

Financing Details

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Loan amount:
$284,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,680
Property tax:
$383
Insurance:
$133
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,196

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,900 $22,800
Vacancy loss: (6%)
6% -$114 -$1,368
Operating income:
$1,786 $21,432

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$383-$4,596
Insurance: (7%)
7%-$133-$1,596
Property management: (8%)
8%-$152-$1,824
Repairs & maintenance: (5%)
5%-$95-$1,140
Capital expenditures: (5%)
5%-$95-$1,140
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (45%)
45%-$858-$10,296

Cash Flow


Monthly Yearly
Net operating income:
$928 $11,136
Mortgage payments:
-$1,680 -$20,160
Cash flow:
$752 $9,024