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Houston turnkey single story home [Code: 422]

Posted by Powered by Simply Do It on May 27, 2022
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After 15 Years (no mortgage)  
Original purchase price $300,000
Total investment (out of pocket) $81,750
15 yrs Project house value $500,662
Value (appreciation) Gain $200,662
15 yrs cash-flow generated $54,014
Total Gain $254,676
ROI (15 yrs) 312%
ROI (annually) 21%
   
Free & Clear cash flow (yr.) $20,241
Free & Clear cash flow (m) $1,687
  • 3 Bedroom, 2 bathroom single family home
  • ~ $157/mo. cash flow 
  • Beautiful covered patio and fenced backyard
  • Highly sought after 1-story house
  • Granite countertops
  • Hardwood flooring/carpet throughout
  • 74 Days on the Market  – Good Negotiation Opportunity!
  • Price has been lowered recently by $5k
  • Prime family location with restaurants/shopping/activities nearby
  • Good School District
  • 6,098 square foot lot

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

  • Built: 2019
  • Size: 1,732 square feet
  • 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: 422


Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1732
 Year Built 2019
 Garage Size 2
 Schools Rating (on scale of A-C) B

Purchase Assumptions My Offer
Offer used for analysis $300,000
Suggested offer (low) $300,000
Suggested offer (high) $305,000
Asking $305,000
Market Value (after improvements) $278,000
Improvements (lower) $500
Improvements (upper) $1,000
Closing Costs $3,000
Mortgage Costs $3,000
Other Fees At Closing $0
Total Cost  $306,750

Financial Assumptions Monthly Yearly
Rent (upper) $2,150 $2,200 $26,400
Rent (lower) $2,100 $25,200
 Property Tax Rate (Approx.) 2.7%  
 Property Taxes $380 $4,563
 Insurance $130 $1,560
 Repairs $75 $900
Variable-Cost PM 0.0%  
Property Management Fee $100 $1,200
 Leasing Fee 80% $71.7 $860
 HOA $33 $400
 Vacancy Rate 4.0%  
 Total Fixed Expenses $872 $10,460
 Total Expenses (Fixed + Mortgage) $2,045 $24,544

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.3% 3.3% 4.4% 5.6%
 Net Cash Flow $9,408 $27,124 $54,014 $91,032
 Equity Increase $79,359 $176,883 $296,769 $444,190
 Total Gain $88,766 $204,007 $350,782 $535,222
           
 Average Cash Flow/Year $1,882 $2,712 $3,601 $4,552
 Average Cash Flow/Month $157 $226 $300 $379
 Average Gain/Year $17,753 $20,401 $23,385 $26,761
 Average ROI 108.6% 249.5% 429.1% 654.7%
 Annual ROI 21.7% 25.0% 28.6% 32.7%
 Projected Property Value $338,230 $411,508 $500,662 $609,132

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 1,732 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 2019 FAVORABLE
 Rent/Price (%)   0.75% 0.73% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $157 FAVORABLE
 Average ROI (at year 5) 15% 21.7% 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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