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$99,000

For Sale - Active
7520 Hornwood Dr Apt 906, Houston, TX 77036
1 Bed
0 Baths
660 Square Feet
0.00 Acres Lot
Built in 1966
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: May 20, 2025 at 03:42PM

Investment Summary


Monthly Cash Flow
$73
Cap Rate
7.2%
Cash-on-Cash Return
3.8%
Debt Coverage Ratio
1.14
Internal Rate of Return (5 years)
7.7%

Property Description


0.00 Acres Lot
Built in 1966
For Sale - Active
Units n/a

Discover the epitome of luxury living in this stunning, fully furnished condo! Boasting a great location near top-notch restaurants, shopping, and entertainment, you'll enjoy effortless access to freeways and breathtaking city views. Indulge in resort-style amenities, including a fabulous pool, tennis court, and a courtyard equipped with BBQ facilities. The condo features granite countertops, new wood flooring, fresh paint, a renovated bathroom with exquisite vanities, and updated appliances. With controlled access through electronic gates and a guard on duty, your safety is assured. Seize this incredible opportunity to live in an exceptional unit or make a GREAT investment! This is a chance you won't want to miss!

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Location


Property Details


Parking

  • Description: Assigned, ControlledEntrance
  • Details: Assigned
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

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

Interior Features

  • # of Rooms: 2
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Brick

HOA

  • Has HOA: Yes
  • Association: The Sussex HOA
  • HOA Fee: $260/annually

Land Information

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

Lot Information

  • Parcel ID: 1141740240006
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1966

Tax Information

  • Annual Tax: $1,736

Utilities

  • Cooling: Window Unit(s)

Location

  • County: Harris

Listing Details


Listed by:
Svetlana Tsokur
Walzel Properties - Corporate Office
(281) 799-0962

Source:
Houston Association of REALTORS
MLS#: 22158203
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
$73
Cap Rate
7.2%
Cash-on-Cash Return
3.8%
Debt Coverage Ratio
1.14
Internal Rate of Return (5 years)
7.7%

Purchase Details

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Purchase price:
$99,000
Amount financed:
-$79,200
Down payment:
$19,800
Closing costs:
$2,970
Rehab costs:
$0
Initial cash invested:
$22,770
Square feet:
660
Cost per square foot:
$150
Monthly rent per square foot:
$1.67

Financing Details

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Loan amount:
$79,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.860%
Principal & interest:
$519
Property tax:
$145
Insurance:
$77
Private mortgage insurance (PMI):
$0
Monthly payment:
$741

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,100 $13,200
Vacancy loss: (6%)
6% -$66 -$792
Operating income:
$1,034 $12,408

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$145-$1,736
Insurance: (7%)
7%-$77-$924
Property management: (8%)
8%-$88-$1,056
Repairs & maintenance: (5%)
5%-$55-$660
Capital expenditures: (5%)
5%-$55-$660
HOA fees: (2%)
2%-$22-$264
Total operating expenses: (40%)
40%-$442-$5,300

Cash Flow


Monthly Yearly
Net operating income:
$592 $7,104
Mortgage payments:
-$519 -$6,228
Cash flow:
$73 $876