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Gorgeous New Build in Houston

Posted by Powered by Simply Do It on December 9, 2021
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Gorgeous New Build in Houston

 

 

  • Master planned community
  • Vinyl plank wood flooring, spacious bedrooms, and primary bedroom featuring dual vanities & separate tub/shower
  • Centrally located near shopping, entertainment, and restaurants
  • Located near I-45 and Hwy 242
  • Smart home package
  • Open kitchen and living room floorplan with granite kitchen island
  • Community offers private entry gates, walking trails, parks, pool, and so much more– HOA is $58/mo.
  • Build should be ready on December 31, 2021 and there are multiple units still available.

Houston

  • # of fortune 500 companies: 24
  • # of fortune 1000 companies: 39
    • Known companies HQ: Phillips 66, Sysco, Enterprise Products Partners and Hewlett Packard

 

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

  • Age: 0
  • Size: 1600+ sq ft
  • No improvements or repairs needed. 
  • Quiet street, desriable community, good schools
  • Low crime

 

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

Property Code: 9224

 

Property Specifications

2

Bedrooms

3

Bathrooms

2

Square Feet

1,617

Year Built

2021

Garage Size

2

Schools Rating (on scale of A-F)

B+

 

Purchase Assumptions

My Offer

Offer used for analysis

$328,305

Suggested offer (low)

$320,000

Suggested offer (high)

$340,000

Asking

$328,305

Market Value (after improvements)

$320,000

Improvements (lower)

$0

Improvements (upper)

$0

Closing Costs

$4,000

Mortgage Costs

$4,000

Other Fees At Closing

$0

Total Cost

$336,305

 

Financial Analysis / Deal Attractiveness

 

 

 

 

Years:

5

10

15

20

Cap Rate

2.5%

3.4%

4.4%

5.4%

Net Cash Flow

$11,376

$30,756

$58,971

$96,943

Equity Increase

$95,079

$209,943

$348,727

$516,436

Total Gain

$106,455

$240,699

$407,699

$613,379

 

 

 

 

 

 

Average Cash Flow/Year

$2,275

$3,076

$3,931

$4,847

Average Cash Flow/Month

$190

$256

$328

$404

Average Gain/Year

$21,291

$24,070

$27,180

$30,669

Average ROI

118.2%

267.2%

452.6%

681.0%

Annual ROI

23.6%

26.7%

30.2%

34.0%

Projected Property Value

$389,329

$473,678

$576,302

$701,159

 

 

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. code 711

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