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$205,000

For Sale - Active
9018 Elm Drake Ln, Humble, TX 77338
3 Beds
3 Baths
1,694 Square Feet
0.00 Acres Lot
Built in 2006
For Sale - Active
Units n/a
Checked: 37 minutes ago
Updated: Sep 13, 2025 at 03:26AM

Investment Summary


Monthly Cash Flow
-$34
Cap Rate
5.5%
Cash-on-Cash Return
-0.9%
Debt Coverage Ratio
0.96
Internal Rate of Return (5 years)
3.2%

Property Description


0.00 Acres Lot
Built in 2006
For Sale - Active
Units n/a

Perfectly positioned just minutes from IAH Airport with seamless access to major thoroughfares, this thoughtfully designed townhome blends comfort, functionality, and location in one turnkey opportunity. Step inside to a light-filled, open-concept living area with sleek laminate wood flooring that effortlessly flows into the dining space and kitchen, ideal for both relaxed living and elevated entertaining. The kitchen showcases clean, timeless white cabinetry, generous counter space, and a layout that complements any lifestyle. A well-placed half bath and entry closet enhance daily convenience and guest-ready appeal. Upstairs, a versatile loft offers the ideal space for a home office, reading lounge, or creative studio. The expansive primary suite is a true retreat, featuring a spa-style bath with dual vanities, a soaking tub, and a separate walk-in shower! Two oversized secondary bedrooms are smartly situated at opposite corners of the home, each offering ample closet space and easy access to a shared full bath. Outdoors, enjoy a private backyard with serene wooded views and no rear neighbors, an increasingly rare find! Opportunities like this don't last. Schedule your private showing today and experience why this residence stands out from the rest. HOA provides: -Swimming Pool -Playground -Ext.Home Main. -Garbage Pick up

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

Interior Features

  • # of Rooms: 8
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Material: Other

HOA

  • Has HOA: Yes
  • Association: DEERBROOK ESTATES COMMUNITY ASSOCIATION
  • HOA Fee: $180/monthly

Land Information

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

Lot Information

  • Parcel ID: 1260140060050
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Two Story
  • Year Built: 2006

Tax Information

  • Annual Tax: $1,506

Utilities

  • Heating: Central, Electric, Natural Gas
  • Cooling: Central Air

Location

  • County: Harris

Listing Details


Listed by:
Edward McClintick
Joseph Walter Realty, LLC
(888) 227-1009

Source:
San Antonio Board of REALTORS
MLS#: 1883779
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$34
Cap Rate
5.5%
Cash-on-Cash Return
-0.9%
Debt Coverage Ratio
0.96
Internal Rate of Return (5 years)
3.2%

Purchase Details

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Purchase price:
$205,000
Amount financed:
-$164,000
Down payment:
$41,000
Closing costs:
$6,150
Rehab costs:
$0
Initial cash invested:
$47,150
Square feet:
1,694
Cost per square foot:
$121
Monthly rent per square foot:
$1.06

Financing Details

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Loan amount:
$164,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$970
Property tax:
$126
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,222

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: (7%)
7%-$126-$1,506
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: (10%)
10%-$180-$2,160
Total operating expenses: (42%)
42%-$756-$9,066

Cash Flow


Monthly Yearly
Net operating income:
$936 $11,232
Mortgage payments:
-$970 -$11,640
Cash flow:
-$34 -$408