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Brand New Construction in Houston Suburb [Code 20727]

Posted by Powered by Simply Do It on December 30, 2021
0

 

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Description automatically generated with medium confidence

 

 

*Mortgage payments on new construction will not start until the construction of the property is finished.

  • BRAND NEW BUILD with recent price reduction of $10K!
  • Single Story with walk in utility room. 
  • Sits on a quiet residential street
  • Good local school district
  • No (low) crime area
  • Large Master Suite, flex room with Resilient Vinyl Plank Flooring in Main & Wet Areas
  • Energy Efficient appliances
  • Irrigation system
  • Immediate access to HWY 59, 30-minute drive to Bush Intercontinental
  • 30-40 minute drive to Houston
  • 6,000+ sq. foot lot
  • Expected construction completion in January 2022

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

  • Built: 2022
  • Size: 1900+ sq ft with a 6k+ sq foot lot
  • Zero repair or improvement costs 
  • Quiet street, desirable community
  • Low crime

 

Property Specifications

1

Bedrooms

3

Bathrooms

2

Square Feet

1951

Year Built

2022

Garage Size

2

Schools Rating (on scale of A-F)

B

 

Purchase Assumptions

My Offer

Offer used for analysis

$268,110

Suggested offer (low)

$268,110

Suggested offer (high)

$268,110

Asking

$268,110

Market Value (after improvements)

$268,110

Improvements (lower)

$1,500

Improvements (upper)

$2,000

Closing Costs

$3,500

Mortgage Costs

$3,500

Other Fees At Closing

$0

Total Cost

$276,860

 

Financial Analysis / Deal Attractiveness

 

 

 

 

Years:

5

10

15

20

Cap Rate

5.8%

6.8%

7.9%

9.1%

Net Cash Flow

$21,880

$51,606

$89,995

$137,949

Equity Increase

$79,115

$174,706

$290,219

$429,824

Total Gain

$100,995

$226,312

$380,214

$567,772

 

 

 

 

 

 

Average Cash Flow/Year

$4,376

$5,161

$6,000

$6,897

Average Cash Flow/Month

$365

$430

$500

$575

Average Gain/Year

$20,199

$22,631

$25,348

$28,389

Average ROI

133.3%

298.7%

501.8%

749.3%

Annual ROI

26.7%

29.9%

33.5%

37.5%

Projected Property Value

$326,197

$396,868

$482,851

$587,462

 

Property Ratings Suggestions

Item

 

 

Suggested Criteria (Min.)

This Property

FAVORABLE /
INSUFFICIENT

Schools

 

 

B

B

FAVORABLE

Square Feet

 

1000

1,951

FAVORABLE

Bedrooms

 

3

3

FAVORABLE

Bathrooms

 

2

2

FAVORABLE

Year Built

 

1970

2022

FAVORABLE

Rent/Price (%)

 

0.75%

0.86%

FAVORABLE

Average Cash Flow (at year 5)

$125

$365

FAVORABLE

Average ROI (at year 5)

15%

26.7%

FAVORABLE

 

 

Metro: Houston

Team: Jenny

Code: 20727

 

 

What’s next?

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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Description automatically generated with medium confidence

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. code 711

 

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