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Amazing find with private lake access! [code: 11410]

Posted by Powered by Simply Do It on February 21, 2022
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After 15 Years (no mortgage)  
Original purchase price $275,000
Total investment (out of pocket) $80,450
15 yrs Project house value $495,259
Value (appreciation) Gain $220,259
15 yrs cash-flow generated $60,025
Total Gain $280,285
ROI (15 yrs) 348%
ROI (annually) 23%
   
Free & Clear cash flow (yr.) $18,103
Free & Clear cash flow (m) $1,509
  • 3 bedroom 2 bath single family residence
  • Highly sought after neighborhood
  • No (low) crime area
  • Over $200/mo. cash flow 
  • Hardwood flooring/carpet throughout
  • Access to private boat dock to the lake
  • 2 car attached garage
  • Good schools
  • This home had an open house over the weekend and will go quickly. Act Fast! 
  • A privacy lot with no back neighbors
  • HOA includes: Lake access, clubhouse, 2 swimming pools, playground, fishing ponds, wooded trails and more! 
  • 6,512 square foot lot with large deck and fenced yard

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

  • Built: 2018
  • Size: 1,465  sq ft
  • Quiet residential street, Desirable community, good schools


Why Houston?

  • Houston has some of the best suburbs like The Woodlands, Cypress, Katy, Sugar Land and Richmond with great schools and tons of shopping 
  • Houston has the largest medical center in the world
  • Great job market, and booming Oil and Gas, Aerospace, Medical, and Tech industries
  • Legendary food scene 
  • Big sports city with the Houston Astros, Dynamo, Rockets and Texans
  • Museums, NASA, Houston Zoo
  • Houston Livestock Show and Rodeo is the largest livestock exhibition and rodeo in the world

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 hou1@simplydoit.net

Code: 11410


Property Specifications 2
 Bedrooms 3
 Bathrooms 2
 Square Feet 1,465
 Year Built 2018
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $275,000
Suggested offer (low) $268,000
Suggested offer (high) $275,000
Asking $269,000
Market Value (after improvements) $275,000
Improvements (lower) $2,000
Improvements (upper) $3,500
Closing Costs $4,000
Mortgage Costs $4,000
Other Fees At Closing $950
Total Cost  $286,700


Financial Assumptions Monthly Yearly
Rent (upper) $2,150 $2,200 $26,400
Rent (lower) $2,100 $25,200
 Property Tax Rate (Approx.) 3.2%  
 Property Taxes $487 $5,844
 Insurance $120 $1,440
 Repairs $75 $900
Variable-Cost PM Flat Fee  
Property Management Fee $100 $1,200
 Leasing Fee 80% $71.7 $860
 HOA $71 $850
 Vacancy Rate 4.0%  
 Total Fixed Expenses $1,007 $12,080
 Total Expenses (Fixed + Mortgage) $1,991 $23,896

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 3.1% 4.0% 5.0% 6.0%
 Net Cash Flow $12,319 $32,070 $60,025 $97,039
 Equity Increase $79,282 $175,825 $293,390 $436,553
 Total Gain $91,601 $207,895 $353,416 $533,593
           
 Average Cash Flow/Year $2,464 $3,207 $4,002 $4,852
 Average Cash Flow/Month $205 $267 $333 $404
 Average Gain/Year $18,320 $20,790 $23,561 $26,680
 Average ROI 113.9% 258.4% 439.3% 663.3%
 Annual ROI 22.8% 25.8% 29.3% 33.2%
 Projected Property Value $334,580 $407,067 $495,259 $602,559

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 1,465 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 2018 FAVORABLE
 Rent/Price (%)   0.75% 0.80% FAVORABLE
 Average Cash Flow (at year 5) $125 $205 FAVORABLE
 Average ROI (at year 5) 15% 22.8% FAVORABLE

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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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