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Houston single story beauty [code: 9723]

Posted by Powered by Simply Do It on January 19, 2022
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  • Newly listed single story home!
  • Spacious living area with eating nook and office area
  • Fully fenced large backyard with covered patio
  • No (low) crime area
  • Good local school district
  • Attached 2-car garage
  • Upgraded kitchen with open concept living room
  • 5,900+ sq. foot lot 

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

  • Built: 2016
  • Size: 2,145 sq ft sitting on a 5,998 square foot lot
  • Quiet residential street, Desirable community, Good schools

Houston: 

39 Fortune 500 companies based in Houston:  Phillips 66, Sysco, Enterprise, Hewlett Packard, Plains GP Holdings, Baker Hughes, ConocoPhillips

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

Code: 9723

hou1@simplydoit.net

Property Specifications 2
 Bedrooms 3
 Bathrooms 2
 Square Feet 2,145
 Year Built 2016
 Garage Size 2
 Schools Rating (on scale of A-F) B-

Purchase Assumptions My Offer
Offer used for analysis $295,000
Suggested offer (low) $295,000
Suggested offer (high) $295,500
Asking $295,500
Market Value (after improvements) $295,000
Improvements (lower) $1,500
Improvements (upper) $2,500
Closing Costs $3,000
Mortgage Costs $3,000
Other Fees At Closing $0
Total Cost  $303,000

Financial Assumptions Monthly Yearly
Rent (upper) $2,325 $2,350 $28,200
Rent (lower) $2,300 $27,600
 Property Tax Rate (Approx.) 3.0%  
 Property Taxes $667 $8,000
 Insurance $125 $1,500
 Repairs $75 $900
Variable-Cost PM Flat Fee  
Property Management Fee $100 $1,200
 Leasing Fee 80% $77.5 $930
 HOA $91 $1,090
 Vacancy Rate 4.0%  
 Total Fixed Expenses $1,225 $14,694
 Total Expenses (Fixed + Mortgage) $2,237 $26,840

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.0% 2.8% 3.8% 4.8%
 Net Cash Flow $7,997 $23,147 $46,194 $77,960
 Equity Increase $86,200 $190,703 $317,397 $471,002
 Total Gain $94,197 $213,849 $363,591 $548,962
           
 Average Cash Flow/Year $1,599 $2,315 $3,080 $3,898
 Average Cash Flow/Month $133 $193 $257 $325
 Average Gain/Year $18,839 $21,385 $24,239 $27,448
 Average ROI 115.2% 261.6% 444.8% 671.5%
 Annual ROI 23.0% 26.2% 29.7% 33.6%
 Projected Property Value $358,913 $436,672 $531,278 $646,381

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B- INSUFFICIENT
 Square Feet   1000 2,145 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 2016 FAVORABLE
 Rent/Price (%)   0.75% 0.80% FAVORABLE
 Average Cash Flow (at year 5) $125 $133 FAVORABLE
 Average ROI (at year 5) 15% 23.0% 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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