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Don’t miss the RARE Houston Metro Opportunity! [Code: 3910]

Posted by Powered by Simply Do It on December 28, 2022
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Why THIS deal??
  • ~$345/mo. cash flow once you can refi to 4.5% 
  • Cash flows at ~$186 at today's rates of 6.0%
  • Price has already been dropped by $5K on 11/19/22
  • If the suggested price is accepted, this provides $5K of instant equity to the investor
  • Home has been on the market for 63 days.  Great negotiation tool! 
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After 15 Years (no mortgage)
Original purchase price $245,000
Total investment (out of pocket) $81,900
15 yrs Project house value $450,236
Value (appreciation) Gain $205,236
15 yrs cash-flow generated $56,957
Total Gain $262,193
ROI (15 yrs) 320.14%
ROI (annually) 21.34%
   
Free & Clear cash flow (yr.) $18,467
Free & Clear cash flow (m) $1,539
  • 3 bedroom, 2.5 bath Single Family Home 
  • Quiet residential neighborhood
  • Large fully-fenced lot.  Great for kids and pets
  • Solar panels, laminate wood flooring, a large covered patio with structure and firepit & driveway extension
  • Home has only had 2 owners and has been well maintained
  • Many A-rated private/charter schools in the area which are commonly utilized by families
  • Highly appreciating neighborhood
  • No HOA charges
  • Attached 2-car garage
  • 7,475 square foot lot


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

  • Built: 1996
  • Size: 1,814 square foot home
  • Low Crime, Desirable Community, 

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: 3910


Property Specifications 1
 Bedrooms 3
 Bathrooms 2.5
 Square Feet 1814
 Year Built 1981
 Garage Size 2
 Schools Rating (on scale of A-C) C


Purchase Assumptions My Offer
Offer used for analysis $245,000
Suggested offer (low) $245,000
Suggested offer (high) $250,000
Asking $254,900
Market Value (after improvements) $250,000
Improvements (lower) $2,000
Improvements (upper) $5,000
Closing Costs $2,450
Mortgage Costs $2,450
Other Fees At Closing $0
Total Cost  $253,400

Financing Assumptions  
 Down Payment (%) 30%
 Down Payment Amount $73,500
 Financed Amount $171,500
 Interest Rate (5/6 ARM) 6.000%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,028
 Cash Outlay (Total Out of Pocket) $81,900

Financial Assumptions Monthly Yearly
Rent (upper) $2,000 $2,050 $24,600
Rent (lower) $1,950 $23,400
Property Tax Rate (Approx.) 2.9%  
Property Taxes   $370 $4,440
Insurance   $100 $1,200
Repairs   $75 $900
Variable-Cost PM   0.0%  
Property Management Fee $100 $1,200
Leasing Fee 80% $66.7 $800
HOA   $46 $552
Vacancy Rate   4.0%  
Total Fixed Expenses $834 $10,004
 Total Expenses (Fixed + Mortgage) $1,862 $22,343

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.7% 3.6% 4.6% 5.7%
 Net Cash Flow $11,142 $29,865 $56,957 $93,291
 Equity Increase $66,075 $148,040 $249,887 $376,665
 Total Gain $77,217 $177,905 $306,845 $469,956
           
 Average Cash Flow/Year $2,228 $2,986 $3,797 $4,665
 Average Cash Flow/Month $186 $249 $316 $389
 Average Gain/Year $15,443 $17,791 $20,456 $23,498
 Average ROI 94.3% 217.2% 374.7% 573.8%
 Annual ROI 18.9% 21.7% 25.0% 28.7%
 Projected Property Value $304,163 $370,061 $450,236 $547,781

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B C INSUFFICIENT
 Square Feet     1000 1,814 FAVORABLE
 Bedrooms     3 3 FAVORABLE
 Bathrooms     2 2.5 FAVORABLE
 Year Built     1970 1981 FAVORABLE
 Rent/Price (%)     0.75% 0.84% FAVORABLE
 Average Cash Flow (at year 5)     $125 $186 FAVORABLE
 Average ROI (at year 5)     15% 18.9% 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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