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$324,900

For Sale - Active
9762 Soto St, Rosharon, TX 77583
3 Beds
2.5 Baths
1,930 Square Feet
0.00 Acres Lot
Built in 2022
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Jul 30, 2025 at 05:05AM

Investment Summary


Monthly Cash Flow
-$634
Cap Rate
3.3%
Cash-on-Cash Return
-10.2%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-5.9%

Property Description


0.00 Acres Lot
Built in 2022
For Sale - Active
Units n/a

WATERFRONT w/NO FRONT NEIGHBORS! Enjoy peace and serenity at a GREAT VALUE in an award-winning community. Popular SUMMERHOUSE plan, the ONLY ONE available in Meridiana, features split-level living with 3 Bedrooms, 2.5 Baths, a Flex Room/Game room, and 2 car garage. OPEN-CONCEPT floor plan helps you stay connected to friends and family. The kitchen features WHITE QUARTZ countertops, WHITE cabinets w/GORGEOUS pendant lights. Enjoy your morning coffee from the balcony or covered patio overlooking SERENE WATER VIEWS. Easy-to-maintain vinyl floor throughout including ALL BEDROOMS. Retreat in the Primary bedroom and bathroom with a separate tub, shower and large walk-in closet. Downstairs, you will find 2 bedrooms, a full bathroom, and a spacious flex room. Enjoy the LOCK N LEAVE lifestyle with Meridiana's report-style amenities- a lazy river, a pool, an onsite cafe, a fitness center, and more! Walking distance to elementary school and playground. A MUST SEE-Schedule a showing today!

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Location


Property Details


Parking

  • Description: Attached, Garage, GarageDoorOpener
  • 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): 2.5

Interior Features

  • # of Rooms: 6
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: Meridiana HOA
  • HOA Fee: $1,385/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: General - Single

Lot Information

  • Parcel ID: 65743911039
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2022

Tax Information

  • Annual Tax: $9,299

Utilities

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

Location

  • County: Brazoria

Listing Details


Listed by:
Nina Patel
eXp Realty LLC
(281) 773-5372

Source:
Houston Association of REALTORS
MLS#: 72521261
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$634
Cap Rate
3.3%
Cash-on-Cash Return
-10.2%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-5.9%

Purchase Details

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Purchase price:
$324,900
Amount financed:
-$259,920
Down payment:
$64,980
Closing costs:
$9,747
Rehab costs:
$0
Initial cash invested:
$74,727
Square feet:
1,930
Cost per square foot:
$168
Monthly rent per square foot:
$1.35

Financing Details

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Loan amount:
$259,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,538
Property tax:
$775
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,495

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (30%)
30%-$775-$9,299
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (4%)
4%-$115-$1,380
Total operating expenses: (59%)
59%-$1,540-$18,479

Cash Flow


Monthly Yearly
Net operating income:
$904 $10,848
Mortgage payments:
-$1,538 -$18,456
Cash flow:
$634 $7,608