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Houston Beauty! [Code: 256]

Posted by Powered by Simply Do It on June 14, 2022
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After 15 Years (no mortgage)  
Original purchase price $302,900
Total investment (out of pocket) $84,033
15 yrs Project house value $545,506
Value (appreciation) Gain $242,606
15 yrs cash-flow generated $44,743
Total Gain $287,349
ROI (15 yrs) 342%
ROI (annually) 23%
   
Free & Clear cash flow (yr.) $19,689
Free & Clear cash flow (m) $1,641
  • 3 bedroom, 2 bathroom single family home
  • Granite countertops, upgraded cabinets, SS appliances
  • Around $110/mo. cash flow 
  • 2-car attached garage
  • Quiet residential street
  • Covered back patio looking out to fully fenced large yard
  • Highly appreciating neighborhood
  • Just hit the market today!
  • Growing community
  • Amazing B-rated schools
  • 9,736 square foot lot


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

  • Built: 2019
  • Size: 1,765 sq ft
  • Quiet residential street, Desirable community, B-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: 256


            Property Specifications 1
             Bedrooms 3
             Bathrooms 2
             Square Feet 1765
             Year Built 2019
             Garage Size 2
             Schools Rating (on scale of A-C) B

            Purchase Assumptions My Offer
            Offer used for analysis $302,900
            Suggested offer (low) $302,900
            Suggested offer (high) $302,900
            Asking $302,900
            Market Value (after improvements) $302,900
            Improvements (lower) $3,000
            Improvements (upper) $1,500
            Closing Costs $3,029
            Mortgage Costs $3,029
            Other Fees At Closing $0
            Total Cost  $311,208

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,325 $2,350 $28,200
            Rent (lower) $2,300 $27,600
             Property Tax Rate (Approx.) 3.6%  
             Property Taxes $560 $6,720
             Insurance $125 $1,500
             Repairs $75 $900
            Variable-Cost PM 0.0%  
            Property Management Fee $100 $1,200
             Leasing Fee 80% $77.5 $930
             HOA $55 $660
             Vacancy Rate 4.0%  
             Total Fixed Expenses $1,082 $12,978
             Total Expenses (Fixed + Mortgage) $2,267 $27,199

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 1.6% 2.5% 3.5% 4.7%
             Net Cash Flow $6,552 $21,185 $44,743 $78,153
             Equity Increase $84,938 $189,259 $317,427 $474,939
             Total Gain $91,489 $210,445 $362,170 $553,092
                       
             Average Cash Flow/Year $1,310 $2,119 $2,983 $3,908
             Average Cash Flow/Month $109 $177 $249 $326
             Average Gain/Year $18,298 $21,044 $24,145 $27,655
             Average ROI 108.9% 250.4% 431.0% 658.2%
             Annual ROI 21.8% 25.0% 28.7% 32.9%
             Projected Property Value $368,524 $448,366 $545,506 $663,691

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet   1000 1,765 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 2 FAVORABLE
             Year Built   1970 2019 FAVORABLE
             Rent/Price (%)   0.75% 0.78% FAVORABLE
             Average Cash Flow (at year 5) $125 $109 INSUFFICIENT
             Average ROI (at year 5) 15% 21.8% 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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