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$205,000

For Sale - Active
9520 Seawall Blvd Apt 254, Galveston, TX 77554
1 Bed
1 Bath
521 Square Feet
521.00 Acres Lot
Built in 2011
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Sep 30, 2025 at 10:06AM

Investment Summary


Monthly Cash Flow
-$965
Cap Rate
0.0%
Cash-on-Cash Return
-24.6%
Debt Coverage Ratio
0.01
Internal Rate of Return (5 years)
-19.7%

Property Description


521.00 Acres Lot
Built in 2011
For Sale - Active
Units n/a

This beachside condo retreat is a great successful short term rental! This beautiful one bedroom / one bath sleeps 6, with a bunkbed in the alcove and pull-out couch. Unit faces south, ensuring mesmerizing views over the Gulf. Wood-style laminate flooring.Plenty of kitchen storage, which includes granite countertops and a large breakfast bar. Large bathroom with shower/tub combo. Stacked washer/dryer. Surrounded by lush tropical landscaping, this property creates a serene ambiance complemented by amenities such as 3 pools, a hot tub, fitness center, and a convenient pet shower area. Located just across the street from the beach and near the iconic Pleasure Pier, indulge in a myriad of activities and attractions including amusement rides, world-class dining, and boutique shopping.

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Location


Property Details


Parking

  • Description: Garage, Unassigned
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: Maravilla HOA
  • HOA Fee: $701/monthly

Land Information

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

Lot Information

  • Parcel ID: 493900000254000
  • Lot Size: 22694760 sqft

Property Information

  • Property Type: Condominium
  • Style: Traditional
  • Year Built: 2011

Tax Information

  • Annual Tax: $3,115

Utilities

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

Location

  • County: Galveston

Listing Details


Listed by:
Sandra Marconi
Keller Williams Realty Metropolitan
(281) 935-8265

Source:
Houston Association of REALTORS
MLS#: 35778371
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$965
Cap Rate
0.0%
Cash-on-Cash Return
-24.6%
Debt Coverage Ratio
0.01
Internal Rate of Return (5 years)
-19.7%

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:
521
Cost per square foot:
$393
Monthly rent per square foot:
$2.69

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:
$260
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,328

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$260-$3,115
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (50%)
50%-$701-$8,412
Total operating expenses: (94%)
94%-$1,311-$15,727

Cash Flow


Monthly Yearly
Net operating income:
$5 $60
Mortgage payments:
-$970 -$11,640
Cash flow:
-$965 -$11,580