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Great Houston find! [Code: 9139]

Posted by Powered by Simply Do It on March 11, 2022
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After 15 Years (no mortgage)  
Original purchase price $345,000
Total investment (out of pocket) $95,650
15 yrs Project house value $612,321
Value (appreciation) Gain $267,321
15 yrs cash-flow generated $61,266
Total Gain $328,587
ROI (15 yrs) 344%
ROI (annually) 23%
   
Free & Clear cash flow (yr.) $22,999
Free & Clear cash flow (m) $1,917
  • 5 bedroom 2.5 bath single family residence
  • Highly sought after neighborhood
  • No (low) crime area
  • Additional oversized game room and large walk-in closets
  • Over $175/mo. cash flow 
  • 2 car attached garage
  • Fully fenced yard.  Perfect for families and pets! 
  • Good schools
  • 6,107 square foot lot

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

  • Built: 2018
  • Size: 2,678  sq ft
  • Quiet residential street, Desirable community, A/B rated schools


Why Houston?

  • Houston has some of the best suburbs like The Woodlands, Cypress, Katy, Sugar Land and Richmond with great schools and tons of shopping 
  • We have the largest medical center in the world
  • We have a great job market, and booming Oil and Gas, Aerospace, Medical, and Tech industries.
  • Legendary food scene 
  • Big sports city with the Houston Astros, Dynamo, Rockets and Texans
  • Museums, NASA, Houston Zoo
  • Houston Livestock Show and Rodeo is the largest livestock exhibition and rodeo in the world

            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: 9139


            Property Specifications 1
             Bedrooms 5
             Bathrooms 2.5
             Square Feet 2,687
             Year Built 2018
             Garage Size 2
             Schools Rating (on scale of A-F) B

            Purchase Assumptions My Offer
            Offer used for analysis $345,000
            Suggested offer (low) $340,000
            Suggested offer (high) $345,000
            Asking $340,000
            Market Value (after improvements) $340,000
            Improvements (lower) $2,000
            Improvements (upper) $3,000
            Closing Costs $3,450
            Mortgage Costs $3,450
            Other Fees At Closing  
            Total Cost  $354,400

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,475 $2,500 $30,000
            Rent (lower) $2,450 $29,400
             Property Tax Rate (Approx.) 2.2%  
             Property Taxes $508 $6,104
             Insurance $120 $1,440
             Repairs $75 $900
            Variable-Cost PM Flat Fee  
            Property Management Fee $100 $1,200
             Leasing Fee 80% $82.5 $990
             HOA $42 $500
             Vacancy Rate 4.0%  
             Total Fixed Expenses $1,023 $12,270
             Total Expenses (Fixed + Mortgage) $2,357 $28,281

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet   1000 2,687 FAVORABLE
             Bedrooms   3 5 FAVORABLE
             Bathrooms   2 2.5 FAVORABLE
             Year Built   1970 2018 FAVORABLE
             Rent/Price (%)   0.75% 0.72% INSUFFICIENT
             Average Cash Flow (at year 5) $125 $178 FAVORABLE
             Average ROI (at year 5) 15% 22.3% 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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