1113 1st St-Bay City-77414, Matagorda

1113 1st St

Bay City, TX 77414

2 bd, 1 ba | 1,000 sqft | Built in 2022

List Price

$134,000

Initial Investment

$35,153

Purchase Price

$129,000

Down Payment

25%

Rent

$1,275

Total Return

$60,280

Annualized Return

23.3%

Cap Rate

6.7%

Gross Yield

11.9%

Cash Flow

$1,343

Appreciation

7.2%

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Features

Occupancy

Vacant

Lease Up Guarantee

Yes

Lot Size

7,500

HOA

None

Flood Risk

Not Required

Brand new build May 2022

Vacant

Attractive current market cap rate and annual net cash flow

Attractive current market appreciation

MARKETS

NEIGHBORHOOD

SCHOOLS

See more in Analysis

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Annual Financial Highlights

Expected Rent

$14,535

Expenses

-$4,479

Property Taxes

-$1,700

Loan Payments

-$7,013

Net Cash Flow

$1,343

See more in Financials

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