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HOT buy in Houston! [Code: 5614]

Posted by Powered by Simply Do It on August 11, 2022
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After 15 Years (no mortgage)  
Original purchase price $452,000
Total investment (out of pocket) $124,540
15 yrs Project house value $837,439
Value (appreciation) Gain $385,439
15 yrs cash-flow generated $72,835
Total Gain $458,274
ROI (15 yrs) 368%
ROI (annually) 25%
   
Free & Clear cash flow (yr.) $30,907
Free & Clear cash flow (m) $2,576
  • Newer three story attached home (3 bedroom, 3.5 bath)
  • Hard flooring throughout 
  • Days on the Market: 24
  • Price recently reduced by $13,000.  Good opportunity for negotiation!
  • Open house scheduled for 8/14/2022.  Get your offer in before everyone else.
  • Open-plan concept and other architectural features, such as clerestory windows that give the ambient light an x-factor that you must see for yourself. Owner upgrades include hardwood flooring throughout, as well as neutral paintwork and a stunning selection of industrial/mid-century design elements
  • ~ $185/mo. cash flow 
  • Working or working out from home is a joy in the AC/insulated garage with epoxy flooring
  • No HOA costs
  • Attached 2-car garage

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

  • Built: 2015
  • Size: 2004 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: 5614

            Property Specifications 1
             Bedrooms 3
             Bathrooms 3.5
             Square Feet 2004
             Year Built 2015
             Garage Size 2
             Schools Rating (on scale of A-C) A/C

              

            Financial Assumptions Monthly Yearly
            Rent (upper) $3,150 $3,200 $38,400
            Rent (lower) $3,100
             Property Tax Rate (Approx.) 2.3%  
             Property Taxes $740 $8,883
             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 $1,198 $14,376
             Total Expenses (Fixed + Mortgage) $3,044 $36,526
            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 1.8% 2.8% 3.9% 5.1%
             Net Cash Flow $11,151 $34,989 $72,835 $126,147
             Equity Increase $127,896 $285,531 $479,937 $719,845
             Total Gain $139,047 $320,520 $552,772 $845,992
                       
             Average Cash Flow/Year $2,230 $3,499 $4,856 $6,307
             Average Cash Flow/Month $186 $292 $405 $526
             Average Gain/Year $27,809 $32,052 $36,851 $42,300
             Average ROI 111.6% 257.4% 443.9% 679.3%
             Annual ROI 22.3% 25.7% 29.6% 34.0%
             Projected Property Value $565,744 $688,314 $837,439 $1,018,872
            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A/C #N/A
             Square Feet   1000 2,004 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 3.5 FAVORABLE
             Year Built   1970 2015 FAVORABLE
             Rent/Price (%)   0.75% 0.71% INSUFFICIENT
             Average Cash Flow (at year 5) $125 $186 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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