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HOT find on Houston Opportunity [code 3650]

Posted by Powered by Simply Do It on February 23, 2022
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After 15 Years (no mortgage)  
Original purchase price $285,000
Total investment (out of pocket) $80,210
15 yrs Project house value $513,269
Value (appreciation) Gain $228,269
15 yrs cash-flow generated $52,024
Total Gain $280,293
ROI (15 yrs) 349%
ROI (annually) 23%
   
Free & Clear cash flow (yr.) $17,984
Free & Clear cash flow (m) $1,499

  • 4 bedroom 2 bath single family residence
  • Highly sought after neighborhood in Houston metro
  • No (low) crime area
  • Around $165/mo. cash flow
  • Property has been on the market for 40 days.  This gives you additional negotiating opportunity
  • Tile/Carpet flooring throughout
  • Desirable corner lot
  • 1 car attached garage
  • A-grade local schools
  • 5,249 square foot lot

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

  • Built: 2007
  • Size: 2,319 sq ft
  • Quiet residential street, Desirable community, A-grade 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: 3650

Property Specifications 2
 Bedrooms 4
 Bathrooms 2
 Square Feet 2,319
 Year Built 2007
 Garage Size 1
 Schools Rating (on scale of A-F) A

Purchase Assumptions My Offer
Offer used for analysis $285,000
Suggested offer (low) $278,000
Suggested offer (high) $298,000
Asking $298,000
Market Value (after improvements) $285,000
Improvements (lower) $2,000
Improvements (upper) $4,000
Closing Costs $2,980
Mortgage Costs $2,980
Other Fees At Closing  
Total Cost  $293,960

Financial Assumptions Monthly Yearly
Rent (upper) $2,075 $2,100 $25,200
Rent (lower) $2,050 $24,600
 Property Tax Rate (Approx.) 2.9%  
 Property Taxes $458 $5,505
 Insurance $120 $1,440
 Repairs $75 $900
Variable-Cost PM Flat Fee  
Property Management Fee $100 $1,200
 Leasing Fee 80% $69.2 $830
 HOA $38 $455
 Vacancy Rate 4.0%  
 Total Fixed Expenses $939 $11,270
 Total Expenses (Fixed + Mortgage) $1,960 $23,516

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.4% 3.3% 4.3% 5.4%
 Net Cash Flow $9,703 $26,788 $52,024 $86,259
 Equity Increase $82,165 $182,220 $304,060 $452,429
 Total Gain $91,867 $209,007 $356,084 $538,689
           
 Average Cash Flow/Year $1,941 $2,679 $3,468 $4,313
 Average Cash Flow/Month $162 $223 $289 $359
 Average Gain/Year $18,373 $20,901 $23,739 $26,934
 Average ROI 114.5% 260.6% 443.9% 671.6%
 Annual ROI 22.9% 26.1% 29.6% 33.6%
 Projected Property Value $346,746 $421,870 $513,269 $624,470

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A FAVORABLE
 Square Feet   1000 2,319 FAVORABLE
 Bedrooms   3 4 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 2007 FAVORABLE
 Rent/Price (%)   0.75% 0.74% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $162 FAVORABLE
 Average ROI (at year 5) 15% 22.9% 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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