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Amazing Houston Find…DO NOT miss this one! [Code: 9603]

Posted by Powered by Simply Do It on April 16, 2022
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After 15 Years (no mortgage)  
Original purchase price $249,000
Total investment (out of pocket) $77,230
15 yrs Project house value $459,241
Value (appreciation) Gain $210,241
15 yrs cash-flow generated $106,203
Total Gain $316,444
ROI (15 yrs) 410%
ROI (annually) 27%
   
Free & Clear cash flow (yr.) $21,676
Free & Clear cash flow (m) $1,806
  • 4 bedroom 2.5 bath single family residence 
  • Great cul de sac location
  • No (low) crime area
  • Close to shops and restaurants
  • Around $425/mo. cash flow!
  • Large Fenced-in backyard
  • Property is being sold as-is
  • Private schools in the area that are often utilized for families with kids
  • 9,248 square foot lot
  • Good school district

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

  • Built: 2001
  • Size: 2,201  sq ft
  • Quiet residential street, Desirable community, B rated schools

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: 9603


Property Specifications 1
 Bedrooms 4
 Bathrooms 2.5
 Square Feet 2,220
 Year Built 2001
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $249,000
Suggested offer (low) $249,000
Suggested offer (high) $250,000
Asking $249,900
Market Value (after improvements) $255,000
Improvements (lower) $8,000
Improvements (upper) $12,000
Closing Costs $2,490
Mortgage Costs $2,490
Other Fees At Closing  
Total Cost  $263,980

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $62,250
 Financed Amount $186,750
 Interest Rate 4.88%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $988
 Cash Outlay (Total Out of Pocket) $77,230

Financial Assumptions Monthly Yearly
Rent (upper) $2,250 $2,300 $27,600
Rent (lower) $2,200 $26,400
 Property Tax Rate (Approx.) 2.6%  
 Property Taxes $425 $4,925
 Insurance $120 $1,440
 Repairs $75 $900
Variable-Cost PM Flat Fee  
Property Management Fee $100 $1,200
 Leasing Fee 80% $75.0 $900
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $881 $10,572
 Total Expenses (Fixed + Mortgage) $1,869 $22,432

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 6.8% 7.9% 9.2% 10.5%
 Net Cash Flow $26,194 $61,286 $106,203 $161,966
 Equity Increase $70,813 $157,882 $264,981 $396,771
 Total Gain $97,007 $219,168 $371,184 $558,737
           
 Average Cash Flow/Year $5,239 $6,129 $7,080 $8,098
 Average Cash Flow/Month $437 $511 $590 $675
 Average Gain/Year $19,401 $21,917 $24,746 $27,937
 Average ROI 125.6% 283.8% 480.6% 723.5%
 Annual ROI 25.1% 28.4% 32.0% 36.2%
 Projected Property Value $310,246 $377,462 $459,241 $558,736

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 2,220 FAVORABLE
 Bedrooms   3 4 FAVORABLE
 Bathrooms   2 2.5 FAVORABLE
 Year Built   1970 2001 FAVORABLE
 Rent/Price (%)   0.75% 0.92% FAVORABLE
 Average Cash Flow (at year 5) $125 $437 FAVORABLE
 Average ROI (at year 5) 15% 25.1% 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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