Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$155,800

For Sale - Active
9809 Richmond Ave Unit G1, Houston, TX 77042
2 Beds
2 Baths
1,078 Square Feet
3.89 Acres Lot
Built in 1977
For Sale - Active
Units n/a
Checked: 4 hours ago
Updated: Sep 20, 2025 at 10:20AM

Investment Summary


Monthly Cash Flow
-$405
Cap Rate
2.6%
Cash-on-Cash Return
-13.6%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-9.1%

Property Description


3.89 Acres Lot
Built in 1977
For Sale - Active
Units n/a

Beautifull 1st Floor, 2/2 Condo , located in the prestigious West Chase area, close to Belt Way 8 and 59. Elm Grove Condos is surrounded of vegetation and gorgeous trees. This Unit features remodeled kitchen cabinets, remodeled master shower , New AC unit and a good size patio for your relaxation or outdoor gatherings. Don't forget to check out the pool !

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Avatar
Avatar
Avatar

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent
Avatar
Avatar
Avatar

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender
Avatar
Avatar
Avatar

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager
Avatar
Avatar
Avatar

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: AdditionalParking, Assigned, ControlledEntrance, DetachedCarport, ElectricGate
  • Details: Detached, Assigned, Electric Gate
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 2
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Other
  • Roof Material: Other

HOA

  • Has HOA: Yes
  • Association: MASC Austin Properties Inc.
  • HOA Fee: $541/monthly

Land Information

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

Lot Information

  • Parcel ID: 1141960060001
  • Lot Size: 169591 sqft

Property Information

  • Property Type: Condominium
  • Style: Traditional
  • Year Built: 1977

Tax Information

  • Annual Tax: $2,767

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Electric

Location

  • County: Harris

Listing Details


Listed by:
Paulina Davila
Next Trend Realty LLC
(281) 221-4805

Source:
Houston Association of REALTORS
MLS#: 74557764
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$405
Cap Rate
2.6%
Cash-on-Cash Return
-13.6%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-9.1%

Purchase Details

Find an Agent

Purchase price:
$155,800
Amount financed:
-$124,640
Down payment:
$31,160
Closing costs:
$4,674
Rehab costs:
$0
Initial cash invested:
$35,834
Square feet:
1,078
Cost per square foot:
$145
Monthly rent per square foot:
$1.48

Financing Details

Find a Lender

Loan amount:
$124,640
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$737
Property tax:
$231
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,080

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$231-$2,767
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (34%)
34%-$541-$6,492
Total operating expenses: (73%)
73%-$1,172-$14,059

Cash Flow


Monthly Yearly
Net operating income:
$332 $3,984
Mortgage payments:
-$737 -$8,844
Cash flow:
-$405 -$4,860