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Gorgeous Houston Home with Waterfront view [code 9007]

Posted by Powered by Simply Do It on February 14, 2022
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  • 4 bedroom 2.5 bath single family residence
  • Highly sought after neighborhood 
  • HOA includes walking paths, a community park with event pavilion, and two playgrounds
  • No (low) crime area
  • Over $170/mo. cash flow
  • Hardwood/carpet/tile flooring throughout
  • Pond view with fountains on single loaded street
  • Oversized 3 car attached garage
  • Easy access to Fort Bend Tollway, Beltway 8, Hwy 90, Hwy 6 & minutes from Sugar Land/Hwy 59 & Pearland/Hwy 288.Schools are zoned to Fort Bend ISD
  • Energy efficient features include; Tankless Water Heater, Environments for Living Certified Home, 16 SEER Carrier HVAC, Low E3 vinyl windows, Radiant barrier roof decking, Insulated doors, Smart Thermostat that provides lower utility bills
  • Covered outdoor sitting area that opens to a large fenced yard
  • 8,703 square foot lot

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

  • Built: 2015
  • Size: 2,625  sq ft
  • Quiet residential street, 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: 9007


Property Specifications 2
 Bedrooms 4
 Bathrooms 2.5
 Square Feet 2,625
 Year Built 2015
 Garage Size 3
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $399,999
Suggested offer (low) $399,999
Suggested offer (high) $399,999
Asking $399,999
Market Value (after improvements) $399,999
Improvements (lower) $1,000
Improvements (upper) $1,500
Closing Costs $3,999
Mortgage Costs $3,999
Other Fees At Closing  
Total Cost  $409,247

Financial Assumptions Monthly Yearly
Rent (upper) $2,625 $2,650 $31,800
Rent (lower) $2,600 $31,200
 Property Tax Rate (Approx.) 2.3%  
 Property Taxes $574 6,882
 Insurance $125 $1,500
 Repairs $75 $900
Variable-Cost PM Flat Fee  
Property Management Fee $100 $1,200
 Leasing Fee 80% $87.5 $1,050
 HOA $36 $432
 Vacancy Rate 4.0%  
 Total Fixed Expenses $1,099 $13,182
 Total Expenses (Fixed + Mortgage) $2,509 $30,110

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.0% 2.9% 3.8% 4.9%
 Net Cash Flow $10,685 $31,292 $62,853 $106,509
 Equity Increase $115,870 $256,749 $428,035 $636,291
 Total Gain $126,555 $288,041 $490,888 $742,801
           
 Average Cash Flow/Year $2,137 $3,129 $4,190 $5,325
 Average Cash Flow/Month $178 $261 $349 $444
 Average Gain/Year $25,311 $28,804 $32,726 $37,140
 Average ROI 115.8% 263.7% 449.3% 679.9%
 Annual ROI 23.2% 26.4% 30.0% 34.0%
 Projected Property Value $486,660 $592,096 $720,376 $876,447

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 2,625 FAVORABLE
 Bedrooms   3 4 FAVORABLE
 Bathrooms   2 2.5 FAVORABLE
 Year Built   1970 2015 FAVORABLE
 Rent/Price (%)   0.75% 0.66% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $178 FAVORABLE
 Average ROI (at year 5) 15% 23.2% 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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