3003 Lochman Ct Pearland, TX 77584
4bd, 2.5ba | 2,650sqft | Built in 1997
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Initial Investment
$248,574
List Price: $244,900
Purchase Price
$244,900
Down Payment
100%
Rent
$2,225

Total Return
$100,214
Annualized Return
7.6%
Cap Rate
4.8%
Gross Yield
10.9%
Cash Flow
$10,771
Appreciation
4.4%
Features
Occupancy
Occupied
Lease Start
03/07/2017 
Lease End
03/11/2020 
Lot Size
7,231 
HOA
$48/mo
Flood Risk
Not Required
  • Pool fee included in monthly rent of $100.00
  • Pet fee included in monthly rent of $105.00
  • Located in the Southwyck community, which offers a park, playground, and pool for residents to enjoy
  • Fireplace in the living room with upgraded wood flooring throughout
  • Pool in the private backyard

Annual Financial Highlight
Expected Rent
$25,365
Expenses
-$8,194
Property Taxes
-$6,400
Loan Payments
$0

Net Cash Flow
$10,771
Considerations
Property Characteristics    View Details



Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

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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