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Equity Buy Opportunity in TX [Code: 8406]

Posted by Powered by Simply Do It on May 10, 2022
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After 15 Years (no mortgage)  
Original purchase price $235,000
Total investment (out of pocket) $66,150
15 yrs Project house value $459,241
Value (appreciation) Gain $224,241
15 yrs cash-flow generated $10,477
Total Gain $234,718
ROI (15 yrs) 355%
ROI (annually) 24%
   
Free & Clear cash flow (yr.) $14,543
Free & Clear cash flow (m) $1,212

  • Beautiful 3 bedroom, 2.5 bathroom single family residence
  • Fully Fenced back yard with cement patio and storage shed
  • This property almost breaks even, but you're buying so far under market that you're walking in with $10-$20k equity immediately!!
  • 2-car attached garage with laundry facilities
  • Prime family location with restaurants/shopping/activities nearby
  • Close enough to the highway for convenience but far enough away to not have any negative effects due to the proximity
  • Walking distance to the community pool and tennis courts
  • Walking distance to the local elementary school (1/10 of a mile away)
  • 5,998 square foot lot

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

  • Built: 1975
  • Size: 1,878  sq ft
  • Quiet residential street, Desirable community, B/C 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: 8406


            Property Specifications 1
             Bedrooms 3
             Bathrooms 2.5
             Square Feet 1878
             Year Built 1975
             Garage Size 2
             Schools Rating (on scale of A-C) B/C

            Purchase Assumptions My Offer
            Offer used for analysis $235,000
            Suggested offer (low) $235,000
            Suggested offer (high) $245,000
            Asking $255,000
            Market Value (after improvements) $255,000
            Improvements (lower) $2,000
            Improvements (upper) $3,000
            Closing Costs $2,450
            Mortgage Costs $2,450
            Other Fees At Closing $0
            Total Cost  $242,400

            Financial Assumptions Monthly Yearly
            Rent (upper) $1,725 $1,800 $21,600
            Rent (lower) $1,650 $19,800
             Property Tax Rate (Approx.) 2.7%  
             Property Taxes $355 $4,260
             Insurance $100 $1,200
             Repairs $100 $1,200
            Variable-Cost PM 0.0%  
            Property Management Fee $100 $1,200
             Leasing Fee 80% $57.5 $690
             HOA $29 $300
             Vacancy Rate 4.0%  
             Total Fixed Expenses $807 $9,678
             Total Expenses (Fixed + Mortgage) $1,807 $21,687

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate -0.8% 0.1% 1.1% 2.1%
             Net Cash Flow -$2,685 $600 $10,477 $27,631
             Equity Increase $68,535 $153,234 $258,015 $387,776
             Total Gain $65,850 $153,834 $268,492 $415,407
                       
             Average Cash Flow/Year -$537 $60 $698 $1,382
             Average Cash Flow/Month -$45 $5 $58 $115
             Average Gain/Year $13,170 $15,383 $17,899 $20,770
             Average ROI 99.5% 232.6% 405.9% 628.0%
             Annual ROI 19.9% 23.3% 27.1% 31.4%
             Projected Property Value $310,246 $377,462 $459,241 $558,736

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B/C #N/A
             Square Feet   1000 1,878 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 2.5 FAVORABLE
             Year Built   1970 1975 FAVORABLE
             Rent/Price (%)   0.75% 0.77% FAVORABLE
             Average Cash Flow (at year 5) $125 -$45 INSUFFICIENT
             Average ROI (at year 5) 15% 19.9% 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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