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Gorgeous Houston Find with Solid Cashflow [Code: 842]

Posted by Powered by Simply Do It on August 4, 2022
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After 15 Years (no mortgage)  
Original purchase price $470,000
Total investment (out of pocket) $127,500
15 yrs Project house value $846,443
Value (appreciation) Gain $376,443
15 yrs cash-flow generated $94,260
Total Gain $470,703
ROI (15 yrs) 369%
ROI (annually) 25%
   
Free & Clear cash flow (yr.) $33,552
Free & Clear cash flow (m) $2,796
  • Newer three story attached home (3 bedroom, 3.5 bath)
  • Hard flooring throughout 
  • Walkable to new award-winning restaurant, 2 craft breweries, 2 distilleries, an urban winery, sports bar w/ sand volleyball, coffee houses, ice house, American Legion Hall and YMCA
  • 15 minutes to major employment centers, including Downtown Houston, Uptown and The Galleria
  • ~ $285/mo. cash flow 
  • Light and bright, with dedicated home office/flex space on the second floor and a private ensuite on the third floor
  • No HOA costs
  • This home was the MODEL HOME and features special amenities and design features throughout
  • Attached 2-car garage

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

  • Built: 2019
  • Size: 2496 square foot
  • Low Crime, Desirable community, Good 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: 842

            Property Specifications 1
             Bedrooms 3
             Bathrooms 3.5
             Square Feet 2496
             Year Built 2019
             Garage Size 2
             Schools Rating (on scale of A-C) B/C
            Purchase Assumptions My Offer
            Offer used for analysis $470,000
            Suggested offer (low) $470,000
            Suggested offer (high) $485,000
            Asking $485,000
            Market Value (after improvements) $470,000
            Improvements (lower) $1,000
            Improvements (upper) $2,000
            Closing Costs $4,500
            Mortgage Costs $4,000
            Other Fees At Closing $0
            Total Cost  $480,000
            Financial Assumptions Monthly Yearly
            Rent (upper) $3,450 $3,500 $42,000
            Rent (lower) $3,400
             Property Tax Rate (Approx.) 2.3%  
             Property Taxes $861 $10,334
             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 $0 $0
             Vacancy Rate 4.0%  
             Total Fixed Expenses $1,331 $15,972
             Total Expenses (Fixed + Mortgage) $3,250 $39,004

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 2.7% 3.8% 4.9% 6.2%
             Net Cash Flow $17,169 $48,112 $94,260 $157,198
             Equity Increase $130,061 $290,410 $488,223 $732,412
             Total Gain $147,231 $338,522 $582,483 $889,609
                       
             Average Cash Flow/Year $3,434 $4,811 $6,284 $7,860
             Average Cash Flow/Month $286 $401 $524 $655
             Average Gain/Year $29,446 $33,852 $38,832 $44,480
             Average ROI 115.5% 265.5% 456.8% 697.7%
             Annual ROI 23.1% 26.6% 30.5% 34.9%
             Projected Property Value $571,827 $695,715 $846,443 $1,029,828
            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B/C #N/A
             Square Feet   1000 2,496 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 3.5 FAVORABLE
             Year Built   1970 2019 FAVORABLE
             Rent/Price (%)   0.75% 0.74% INSUFFICIENT
             Average Cash Flow (at year 5) $125 $286 FAVORABLE
             Average ROI (at year 5) 15% 23.1% 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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