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Check Out this Houston Looker! [Code: 123]

Posted by Powered by Simply Do It on June 22, 2022
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After 15 Years (no mortgage)  
Original purchase price $408,900
Total investment (out of pocket) $112,280
15 yrs Project house value $736,406
Value (appreciation) Gain $327,506
15 yrs cash-flow generated $130,613
Total Gain $458,119
ROI (15 yrs) 408%
ROI (annually) 27%
   
Free & Clear cash flow (yr.) $31,937
Free & Clear cash flow (m) $2,661

  • 4-bedroom, 3.5-bedroom single family residence with bonus game room
  • Quiet residential street
  • Prime family location with restaurants/parks/medical nearby
  • Price just lowered by $1k
  • Large fully fenced backyard with covered patio
  • B-rated schools
  • 25 days on the market.  Extra negotiation opportunity!
  • New laminate flooring and carpet
  • ~ $500/mo. cash flow 
  • Stainless steel appliances including the refrigerator
  • 6,625 square foot lot

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

  • Built: 2011
  • Size: 2,420  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: 123


            Property Specifications 1
             Bedrooms 4
             Bathrooms 3.5
             Square Feet 2420
             Year Built 2011
             Garage Size 2
             Schools Rating (on scale of A-C) B

            Purchase Assumptions My Offer
            Offer used for analysis $408,900
            Suggested offer (low) $408,900
            Suggested offer (high) $408,900
            Asking $408,900
            Market Value (after improvements) $408,900
            Improvements (lower) $1,000
            Improvements (upper) $2,000
            Closing Costs $4,090
            Mortgage Costs $4,090
            Other Fees At Closing $375
            Total Cost  $418,955

            Financial Assumptions Monthly Yearly
            Rent (upper) $3,150 $3,200 $38,400
            Rent (lower) $3,100 $37,200
             Property Tax Rate (Approx.) 2.7%  
             Property Taxes $570 $6,840
             Insurance $103 $1,236
             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 $1,133 $13,596
             Total Expenses (Fixed + Mortgage) $2,733 $32,793

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 5.3% 6.5% 7.8% 9.1%
             Net Cash Flow $29,973 $73,056 $130,613 $204,151
             Equity Increase $114,662 $255,491 $428,511 $641,145
             Total Gain $144,635 $328,547 $559,124 $845,295
                       
             Average Cash Flow/Year $5,995 $7,306 $8,708 $10,208
             Average Cash Flow/Month $500 $609 $726 $851
             Average Gain/Year $28,927 $32,855 $37,275 $42,265
             Average ROI 128.8% 292.6% 498.0% 752.8%
             Annual ROI 25.8% 29.3% 33.2% 37.6%
             Projected Property Value $497,489 $605,272 $736,406 $895,950
            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet   1000 2,420 FAVORABLE
             Bedrooms   3 4 FAVORABLE
             Bathrooms   2 3.5 FAVORABLE
             Year Built   1970 2011 FAVORABLE
             Rent/Price (%)   0.75% 0.78% FAVORABLE
             Average Cash Flow (at year 5) $125 $500 FAVORABLE
             Average ROI (at year 5) 15% 25.8% 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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