Furnished Short-Term Rental
For Sale
$335,000
1111 San Jacinto Street, La Porte, TX 77571
Fully furnished residence with an operating rental setup, modern finishes, and convenient access to Sylvan Beach and area amenities.
Property Size2,306 SF
Price / SF$145.27
Days on Market41
Property Features for 1111 San Jacinto Street
General Information
Standard status
Active
Size
2,306 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,863
Amenities
Carpet,Tile
Breakfast Room/Nook,Dining Room,Family Room,Kitchen,Living Room,Utility Room
Yes
3
Window Coverings
Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Appraiser
Balcony,Double Vanity,Entrance Foyer,High Ceilings,Kitchen Island,Kitchen/Family Room Combo,Pantry,Quartz Counters,Soaking Tub,Separate Shower,Tub Shower,Window Treatments,Ceiling Fan(s),Kitchen/Dining Combo,Living/Dining Room,Programmable Thermostat
Partial
Views,Backs to Greenbelt/Park
No
Public
2410
0.0553
Attached Carport
Balcony,Deck,Fence,Paved Driveway,Patio,Private Yard
2306
Building Details
Building Size
2,306 SF
Year Built
2021
Stories
2
Listing Agency:
eXp Realty, LLC
(832) 210-7979
Listed By:
Mirella Moreno
(832) 210-7979
Source:
Garygreene
Added: Jul 3
Changed: Aug 12
Last Checked: Aug 12 at 4:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2021, this furnished short-term rental property at 1111 San Jacinto Street offers 2,306 square feet with three bedrooms and three bathrooms. The interior features an open layout, contemporary finishes, a spacious kitchen with quartz counters and an island, high ceilings, a pantry, living and dining areas, a utility room, and a primary bath with a soaking tub and separate shower. A balcony, deck, patio, fenced private yard, and attached carport add usable exterior space. All furnishings convey with the sale, and the property is currently operating as a short-term rental.
The property is located near Sylvan Beach, marinas, waterfront parks, and restaurants, with access to Houston described as convenient. Additional features include a paved driveway, window coverings, ceiling fans, and a programmable thermostat.
The property is located near Sylvan Beach, marinas, waterfront parks, and restaurants, with access to Houston described as convenient. Additional features include a paved driveway, window coverings, ceiling fans, and a programmable thermostat.
Key Highlights
- Currently operating as a short‑term rental
- Fully furnished; furnishings convey with the sale
- Built in 2021 with 2,306 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,289
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$305,780
$305.8K
Cap Rate 7%
$218,414
$218.4K
Cap Rate 9%
$169,878
$169.9K
Market Conditions
NOI Build-Up for 2,306 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.7K $13.32/SF
− Vacancy
−$2.9K −$1.27/SF
EGI
$27.8K $12.05/SF
− OpEx
−$12.5K −$5.42/SF
NOI
$15.3K $6.63/SF
Area
Harris County, TX
Vacancy
9.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$305,780
Cap Rate 7%
$218,414
Cap Rate 9%
$169,878
Alternative Uses
Best Use
Apartment 5plus
$218.4K
$191.1K – $254.8K
NOI $15,289 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$629.7K
$551.0K – $734.6K
NOI $44,076 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Explore this area
Business Placement
Demographics for 77571, TX
37,018
Population
14,428
Households
2.6
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
37.1 sq mi
ZIP Area
998
Density / Sq Mi
$83,795
Median Household Income
$50,441
Median Earnings
$1,328
Median Rent
$220,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Fully furnished residence with an operating rental setup, modern finishes, and convenient access to Sylvan Beach and area amenities.
Where is this short term rental property located?
The property is located at 1111 San Jacinto Street La Porte, TX.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Currently operating as a short‑term rental; Fully furnished; furnishings convey with the sale; Built in 2021 with 2,306 square feet
