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Amazing Houston Metro Rental!! [Code: 2372]

Posted by Powered by Simply Do It on March 29, 2022
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After 15 Years (no mortgage)  
Original purchase price $355,000
Total investment (out of pocket) $98,350
15 yrs Project house value $639,335
Value (appreciation) Gain $284,335
15 yrs cash-flow generated $56,647
Total Gain $340,982
ROI (15 yrs) 347%
ROI (annually) 23%
   
Free & Clear cash flow (yr.) $23,397
Free & Clear cash flow (m) $1,950
  • 4 bedroom 2.5 bath single family residence 
  • Highly sought after neighborhood
  • No (low) crime area
  • Price reduced by $10k on 3/11/2022. Great negotiation power! 
  • Approximately $150/mo. cash flow 
  • 2-car attached garage
  • Great school district
  • Current days on the market: 34 days
  • 6,251 square foot lot

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

  • Built: 2016
  • Size: 6,251 sq ft lot
  • 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: 2372


            Property Specifications 1
             Bedrooms 4
             Bathrooms 2.5
             Square Feet 2,966
             Year Built 2016
             Garage Size 2
             Schools Rating (on scale of A-F) B

            Purchase Assumptions My Offer
            Offer used for analysis $355,000
            Suggested offer (low) $355,000
            Suggested offer (high) $359,900
            Asking $355,000
            Market Value (after improvements) $355,000
            Improvements (lower) $2,000
            Improvements (upper) $3,000
            Closing Costs $3,550
            Mortgage Costs $3,550
            Other Fees At Closing  
            Total Cost  $364,600

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,650 $2,700 $32,400
            Rent (lower) $2,600 $31,200
             Property Tax Rate (Approx.) 2.9%  
             Property Taxes $632 $6,202
             Insurance $126 $1,512
             Repairs $75 $900
            Variable-Cost PM Flat Fee  
            Property Management Fee $100 $1,200
             Leasing Fee 80% $88.3 $1,060
             HOA $49 $585
             Vacancy Rate 4.0%  
             Total Fixed Expenses $1,172 $14,068
             Total Expenses (Fixed + Mortgage) $2,561 $30,735

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 1.8% 2.8% 3.8% 5.0%
             Net Cash Flow $8,945 $27,494 $56,647 $97,508
             Equity Increase $99,548 $221,814 $372,027 $556,633
             Total Gain $108,493 $249,308 $428,675 $654,142
                       
             Average Cash Flow/Year $1,789 $2,749 $3,776 $4,875
             Average Cash Flow/Month $149 $229 $315 $406
             Average Gain/Year $21,699 $24,931 $28,578 $32,707
             Average ROI 110.3% 253.5% 435.9% 665.1%
             Annual ROI 22.1% 25.3% 29.1% 33.3%
             Projected Property Value $431,912 $525,487 $639,335 $777,849

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet   1000 2,966 FAVORABLE
             Bedrooms   3 4 FAVORABLE
             Bathrooms   2 2.5 FAVORABLE
             Year Built   1970 2016 FAVORABLE
             Rent/Price (%)   0.75% 0.76% FAVORABLE
             Average Cash Flow (at year 5) $125 $149 FAVORABLE
             Average ROI (at year 5) 15% 22.1% 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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