1116 Connie St

Alvin, TX 3268
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3 bd, 1.5 ba | 1,786 sqft | Built in 1962

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List Price
$255,000

Initial Investment

$69,488

Purchase Price

$255,000

Down Payment

25%

Rent

$1,970

Total Return

$90,550

Annualized Return

17.5%

Cap Rate

4.9%

Gross Yield

9.3%

Cash Flow

-$2,363

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,249

HOA

None
This adorable and updated find offers a spacious floor plan with a living room and a large family room complete with a gas fireplace. The open kitchen comes with newly-installed, shiny stainless steel appliances, including a gas range, built-in microwave and pantry. It also provides plenty of room to add a kitchen island or a breakfast table. You’ll love the large laundry/mud room leading from the garage, adding convenience and extra storage space. Don’t forget about the pristinely white bathrooms accented with chrome! Don’t miss the opportunity to see it for yourself! The large lot also has some mature fruit trees.

See more in Analysis
Fred McDaniel
Realty ONE Group Iconic
TX Agent License #573495

Annual Financial Highlights

Expected Rent

$22,458

Expenses

-$4,058

Property Taxes

-$6,900

Loan Payments

-$13,863

Net Cash Flow

-$2,363

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Jim Atkinson
Agent License 0648325
UTR TEXAS, REALTORS
Certified Agent Brokerage:Fred McDaniel
Realty ONE Group Iconic
TX Brokerage License 9003340
SourceHouston Association of REALTORS®
MLS #41073684
Last Updated: 04/20/2025 23:04
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