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Cash Flow Galore on this Houston Metro Find! [Code: 151]

Posted by Powered by Simply Do It on June 22, 2022
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After 15 Years (no mortgage)  
Original purchase price $425,000
Total investment (out of pocket) $116,625
15 yrs Project house value $765,401
Value (appreciation) Gain $340,401
15 yrs cash-flow generated $154,761
Total Gain $495,162
ROI (15 yrs) 425%
ROI (annually) 28%
   
Free & Clear cash flow (yr.) $34,644
Free & Clear cash flow (m) $2,887

  • 4-bedroom, 3-bedroom single family residence with game room
  • HOA includes: splash pad, pools, fire pit, trails, parks, water slides, meeting center, etc.
  • Prime family location with restaurants/parks/medical nearby
  • Large fully fenced backyard
  • B-rated schools
  • Hardwood floors and upgrades throughout
  • ~ $615/mo. cash flow 
  • Located on a cul de sac street
  • 5,811 square foot lot

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

  • Built: 2019
  • Size: 2,365  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: 151


            Property Specifications 1
             Bedrooms 4
             Bathrooms 3
             Square Feet 2365
             Year Built 2019
             Garage Size 2
             Schools Rating (on scale of A-C) B

            Purchase Assumptions My Offer
            Offer used for analysis $425,000
            Suggested offer (low) $415,000
            Suggested offer (high) $425,000
            Asking $425,000
            Market Value (after improvements) $425,000
            Improvements (lower) $1,000
            Improvements (upper) $2,000
            Closing Costs $4,250
            Mortgage Costs $4,250
            Other Fees At Closing $375
            Total Cost  $435,375

            Financial Assumptions Monthly Yearly
            Rent (upper) $3,200 $3,250 $39,000
            Rent (lower) $3,150 $37,800
             Property Tax Rate (Approx.) 2.7%  
             Property Taxes $450 $5,400
             Insurance $100 $1,200
             Repairs $75 $900
            Variable-Cost PM 0.0%  
            Property Management Fee $100 $1,200
             Leasing Fee 80% $58.0 $700
             HOA $105 $1,265
             Vacancy Rate 4.0%  
             Total Fixed Expenses $1,012 $12,144
             Total Expenses (Fixed + Mortgage) $2,675 $32,097

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 6.3% 7.5% 8.8% 10.2%
             Net Cash Flow $36,872 $87,966 $154,761 $238,892
             Equity Increase $119,177 $265,551 $445,383 $666,390
             Total Gain $156,049 $353,517 $600,144 $905,281
                       
             Average Cash Flow/Year $7,374 $8,797 $10,317 $11,945
             Average Cash Flow/Month $615 $733 $860 $995
             Average Gain/Year $31,210 $35,352 $40,010 $45,264
             Average ROI 133.8% 303.1% 514.6% 776.2%
             Annual ROI 26.8% 30.3% 34.3% 38.8%
             Projected Property Value $517,077 $629,104 $765,401 $931,227
            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet   1000 2,365 FAVORABLE
             Bedrooms   3 4 FAVORABLE
             Bathrooms   2 3 FAVORABLE
             Year Built   1970 2019 FAVORABLE
             Rent/Price (%)   0.75% 0.76% FAVORABLE
             Average Cash Flow (at year 5) $125 $615 FAVORABLE
             Average ROI (at year 5) 15% 26.8% 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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