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$420,000

For Sale - Active
9014 Carriage Point Dr, Sugar Land, TX 77479
3 Beds
0 Baths
2,215 Square Feet
0.00 Acres Lot
Built in 2004
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 26, 2025 at 03:08AM

Investment Summary


Monthly Cash Flow
-$1,208
Cap Rate
2.8%
Cash-on-Cash Return
-15.0%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.5%

Property Description


0.00 Acres Lot
Built in 2004
For Sale - Active
Units n/a

MUST SEE! Meticulously maintained 3-bed, 2-bath single-story home in the amenity-rich Greatwood Community. Nestled among mature landscaping, this home features a grand two-story entry foyer, high ceilings, large windows, and stunning architectural details. Enjoy a formal dining room and a spacious living room with a cozy fireplace. The open-concept kitchen offers granite counters, a custom backsplash, a large center island, a breakfast bar with seating, and a corner pantry. The bright breakfast area overlooks the fully fenced backyard with an open-air patio—perfect for relaxing or entertaining. The private primary suite boasts a spa-like bath, while two generously sized secondary bedrooms share an updated full bath. Additional highlights include a 2-car garage and access to 2 community pools, 13 playgrounds, walking trails, tennis courts, and more. Minutes to shopping, dining, the Greatwood Golf Club, and easy access to Houston via I-59.

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Attached
  • Garage Spaces: 2
  • 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
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $1,200/annually

Land Information

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

Lot Information

  • Parcel ID: 3030030020360901
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2004

Tax Information

  • Annual Tax: $7,793

Utilities

  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Fort Bend

Listing Details


Listed by:
Ashley Warren
Orchard Brokerage
(832) 489-7133

Source:
Houston Association of REALTORS
MLS#: 50193419
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,208
Cap Rate
2.8%
Cash-on-Cash Return
-15.0%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.5%

Purchase Details

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Purchase price:
$420,000
Amount financed:
-$336,000
Down payment:
$84,000
Closing costs:
$12,600
Rehab costs:
$0
Initial cash invested:
$96,600
Square feet:
2,215
Cost per square foot:
$190
Monthly rent per square foot:
$1.13

Financing Details

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Loan amount:
$336,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.770%
Principal & interest:
$2,184
Property tax:
$649
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,008

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (26%)
26%-$649-$7,793
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (4%)
4%-$100-$1,200
Total operating expenses: (55%)
55%-$1,374-$16,493

Cash Flow


Monthly Yearly
Net operating income:
$976 $11,712
Mortgage payments:
-$2,184 -$26,208
Cash flow:
$1,208 $14,496