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Gorgeous Rent Ready SFR [Code: 21802]

Posted by Powered by Simply Do It on February 28, 2022
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After 15 Years (no mortgage)  
Original purchase price $295,000
Total investment (out of pocket) $82,300
15 yrs Project house value $531,278
Value (appreciation) Gain $236,278
15 yrs cash-flow generated $55,678
Total Gain $291,956
ROI (15 yrs) 355%
ROI (annually) 24%
   
Free & Clear cash flow (yr.) $18,755
Free & Clear cash flow (m) $1,563
  • 3 bedroom 2 bath single family residence
  • Highly sought after neighborhood
  • No (low) crime area
  • Around $175/mo. cash flow 
  • Tile throughout, no carpet!
  • Single story home
  • 2 car attached garage
  • A rated schools
  • Extended patio with ceiling fan
  • 5,750 square foot lot with large deck and fenced yard

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

  • Built: 2014
  • Size: 2,191  sq ft
  • Quiet residential street, Desirable community, A 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: 21802


Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 2,191
 Year Built 2014
 Garage Size 2
 Schools Rating (on scale of A-F) A

Purchase Assumptions My Offer
Offer used for analysis $295,000
Suggested offer (low) $289,000
Suggested offer (high) $300,000
Asking $290,000
Market Value (after improvements) $295,000
Improvements (lower) $2,500
Improvements (upper) $3,000
Closing Costs $2,900
Mortgage Costs $2,900
Other Fees At Closing  
Total Cost  $303,550

Financial Assumptions Monthly Yearly
Rent (upper) $2,175 $2,200 $26,400
Rent (lower) $2,150 $25,800
 Property Tax Rate (Approx.) 2.6%  
 Property Taxes $500 $6,004
 Insurance $120 $1,440
 Repairs $75 $900
Variable-Cost PM Flat Fee  
Property Management Fee $100 $1,200
 Leasing Fee 80% $72.5 $870
 HOA $40 $480
 Vacancy Rate 4.0%  
 Total Fixed Expenses $991 $11,886
 Total Expenses (Fixed + Mortgage) $2,047 $24,561

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.6% 3.5% 4.5% 5.6%
 Net Cash Flow $10,593 $28,886 $55,678 $91,855
 Equity Increase $85,047 $188,612 $314,727 $468,302
 Total Gain $95,641 $217,498 $370,405 $560,157
           
 Average Cash Flow/Year $2,119 $2,889 $3,712 $4,593
 Average Cash Flow/Month $177 $241 $309 $383
 Average Gain/Year $19,128 $21,750 $24,694 $28,008
 Average ROI 116.2% 264.3% 450.1% 680.6%
 Annual ROI 23.2% 26.4% 30.0% 34.0%
 Projected Property Value $358,913 $436,672 $531,278 $646,381

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A FAVORABLE
 Square Feet   1000 2,191 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 2014 FAVORABLE
 Rent/Price (%)   0.75% 0.75% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $177 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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