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2 VERY aggressive offers in Houston [Code: 14226 & 7534]

Posted by Powered by Simply Do It on April 7, 2022
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Deal #1
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A Future Snapshot – After 15 Years (no mortgage)  
Original purchase price $332,000
Total investment (out of pocket) $92,640
15 yrs Project house value $597,913
Value (appreciation) Gain $265,913
15 yrs cash-flow generated $67,208
Total Gain $333,121
ROI (15 yrs) 360%
ROI (annually) 24%
   
Free & Clear cash flow (yr.) $23,225
Free & Clear cash flow (m) $1,935

[Code: 14426]
  • If this offer is accepted, you have around $37k equity on DAY ONE!
  • 4 bedroom 3.5 bath Single Family Residence
  • Asking price has just been reduced by $8,000 (we are suggesting even lower for offer)
  • No (low) crime area
  • Current time on the Market: 121 days.  This gives us negotiation power with the seller
  • Over $200/mo. cash flow 
  • This property has a wood utility pole in the backyard which can be dressed (maybe even relocated by the utility company) up so it's not as noticeable, but for the right price it's worth working with!
  • 2 car attached garage
  • Good school district
  • 7,083 square foot lot

Why should you consider this house / what makes it a good investment?

  • Built: 1991
  • Size: 3,208  sq ft
  • Quiet residential street, Desirable community, B rated schools
Property Specifications 1
 Bedrooms 4
 Bathrooms 3.5
 Square Feet 3,208
 Year Built 1991
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $332,000
Suggested offer (low) $332,000
Suggested offer (high) $369,000
Asking $369,000
Market Value (after improvements) $332,000
Improvements (lower) $2,000
Improvements (upper) $4,000
Closing Costs $3,320
Mortgage Costs $3,320
Other Fees At Closing  
Total Cost  $341,640

Financial Assumptions Monthly Yearly
Rent (upper) $2,675 $2,700 $32,400
Rent (lower) $2,650 $31,800
 Property Tax Rate (Approx.) 2.5%  
 Property Taxes $650 7,800
 Insurance $120 $1,440
 Repairs $75 $900
Variable-Cost PM Flat Fee  
Property Management Fee $100 $1,200
 Leasing Fee 80% $89.2 $1,070
 HOA $71 $850
 Vacancy Rate 4%  
 Total Fixed Expenses $1,208 $14,498
 Total Expenses (Fixed + Mortgage) $2,526 $30,311

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.7% 3.7% 4.8% 6.0%
 Net Cash Flow $12,538 $34,610 $67,208 $111,427
 Equity Increase $92,684 $206,667 $346,900 $519,498
 Total Gain $105,222 $241,276 $414,107 $630,925
           
 Average Cash Flow/Year $2,508 $3,461 $4,481 $5,571
 Average Cash Flow/Month $209 $288 $373 $464
 Average Gain/Year $21,044 $24,128 $27,607 $31,546
 Average ROI 113.6% 260.4% 447.0% 681.1%
 Annual ROI 22.7% 26.0% 29.8% 34.1%
 Projected Property Value $403,929 $491,441 $597,913 $727,453

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 3,208 FAVORABLE
 Bedrooms   3 4 FAVORABLE
 Bathrooms   2 3.5 FAVORABLE
 Year Built   1970 1991 FAVORABLE
 Rent/Price (%)   0.75% 0.81% FAVORABLE
 Average Cash Flow (at year 5) $125 $209 FAVORABLE
 Average ROI (at year 5) 15% 22.7% FAVORABLE
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What's next?

Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro: Houston

Team: Jenny – email directly at jennyflygirlradio@gmail.com

Code: 14226


Deal #2

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A Future Snapshot – After 15 Years (no mortgage)  
Original purchase price $311,000
Total investment (out of pocket) $86,970
15 yrs Project house value $560,093
Value (appreciation) Gain $249,093
15 yrs cash-flow generated $77,299
Total Gain $326,393
ROI (15 yrs) 375%
ROI (annually) 25%
   
Free & Clear cash flow (yr.) $22,851
Free & Clear cash flow (m) $1,904

[Code: 7534]

  • If this offer is accepted, you have around $55k equity on DAY ONE!
  • Asking price has just been reduced by $7,000 (we are suggesting even lower for offer)
  • 4 bedroom 2 bath Single Family Residence
  • No (low) crime area
  • Current time on the Market: 193 days.  This gives us negotiation power with the seller
  • Over $265/mo. cash flow 
  • 2 car attached garage
  • Good school district
  • 8,799 square foot lot

Why should you consider this house / what makes it a good investment?

  • Built: 1982
  • Size: 3,090  sq ft
  • Quiet residential street, Desirable community, B rated schools
Property Specifications 1
 Bedrooms 4
 Bathrooms 2
 Square Feet 3,090
 Year Built 1982
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $311,000
Suggested offer (low) $311,000
Suggested offer (high) $366,000
Asking $366,000
Market Value (after improvements) $311,000
Improvements (lower) $2,000
Improvements (upper) $4,000
Closing Costs $3,110
Mortgage Costs $3,110
Other Fees At Closing  
Total Cost  $320,220

Financial Assumptions Monthly Yearly
Rent (upper) $2,575 $2,600 $31,200
Rent (lower) $2,550 $30,600
 Property Tax Rate (Approx.) 2.5%  
 Property Taxes $600 7,200
 Insurance $125 $1,500
 Repairs $75 $900
Variable-Cost PM Flat Fee  
Property Management Fee $100 $1,200
 Leasing Fee 80% $85.8 $1,030
 HOA $47 $560
 Vacancy Rate 4%  
 Total Fixed Expenses $1,132 $13,582
 Total Expenses (Fixed + Mortgage) $2,366 $28,395

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 3.7% 4.8% 5.9% 7.2%
 Net Cash Flow $16,061 $41,502 $77,299 $124,531
 Equity Increase $86,821 $193,595 $324,957 $486,638
 Total Gain $102,882 $235,097 $402,257 $611,169
           
 Average Cash Flow/Year $3,212 $4,150 $5,153 $6,227
 Average Cash Flow/Month $268 $346 $429 $519
 Average Gain/Year $20,576 $23,510 $26,817 $30,558
 Average ROI 118.3% 270.3% 462.5% 702.7%
 Annual ROI 23.7% 27.0% 30.8% 35.1%
 Projected Property Value $378,379 $460,356 $560,093 $681,439

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 3,090 FAVORABLE
 Bedrooms   3 4 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 1982 FAVORABLE
 Rent/Price (%)   0.75% 0.84% FAVORABLE
 Average Cash Flow (at year 5) $125 $268 FAVORABLE
 Average ROI (at year 5) 15% 23.7% FAVORABLE
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What's next?

Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro: Houston

Team: Jenny – email directly at jennyflygirlradio@gmail.com

Code: 7534

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Disclaimer

Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.

The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info. 

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