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Instant Equity in this Houston Metro Find! [Code: 207]

Posted by Powered by Simply Do It on August 22, 2022
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After 15 Years (no mortgage)  
Original purchase price $350,000
Total investment (out of pocket) $97,000
15 yrs Project house value $657,344
Value (appreciation) Gain $307,344
15 yrs cash-flow generated $58,577
Total Gain $365,921
ROI (15 yrs) 377%
ROI (annually) 25%
   
Free & Clear cash flow (yr.) $24,099
Free & Clear cash flow (m) $2,008

  • 4 bedroom, 2.5 bath Single Family Detached Residence
  • 79 Days on the Market.  Excellent negotiation power! 
  • Instant $15K equity with our suggested offer! 
  • 2,304 square foot house
  • Price recently dropped by $1K
  • ~ $155/mo. cash flow 
  • No HOA costs
  • Hardwood flooring throughout with vaulted ceilings and natural light
  • Property is vacant and ready for a tenant.  Very little (if any) make-ready necessary.
  • Quiet residential neighborhood
  • Fully fenced backyard that's perfect for families and pets
  • Attached 2-car garage


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

  • Built: 2005
  • Size: 6,943 square foot
  • Low Crime, Desirable community, A 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: 207

            Property Specifications 1
             Bedrooms 4
             Bathrooms 2.5
             Square Feet 2304
             Year Built 2005
             Garage Size 2
             Schools Rating (on scale of A-C) A

              

            Purchase Assumptions My Offer
            Offer used for analysis $350,000
            Suggested offer (low) $350,000
            Suggested offer (high) $381,000
            Asking $381,000
            Market Value (after improvements) $365,000
            Improvements (lower) $2,000
            Improvements (upper) $3,000
            Closing Costs $3,500
            Mortgage Costs $3,500
            Other Fees At Closing $0
            Total Cost  $359,500
            Financial Assumptions Monthly Yearly
            Rent (upper) $2,400 $2,450 $29,400
            Rent (lower) $2,350
             Property Tax Rate (Approx.) 2.3%  
             Property Taxes $450 $5,401
             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 $878 $10,536
             Total Expenses (Fixed + Mortgage) $2,307 $27,687
            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 1.9% 2.9% 4.0% 5.2%
             Net Cash Flow $9,290 $28,472 $58,577 $100,740
             Equity Increase $100,104 $223,466 $375,585 $563,279
             Total Gain $109,394 $251,939 $434,161 $664,020
                       
             Average Cash Flow/Year $1,858 $2,847 $3,905 $5,037
             Average Cash Flow/Month $155 $237 $325 $420
             Average Gain/Year $21,879 $25,194 $28,944 $33,201
             Average ROI 112.8% 259.7% 447.6% 684.6%
             Annual ROI 22.6% 26.0% 29.8% 34.2%
             Projected Property Value $444,078 $540,289 $657,344 $799,760

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 2,304 FAVORABLE
             Bedrooms   3 4 FAVORABLE
             Bathrooms   2 2.5 FAVORABLE
             Year Built   1970 2005 FAVORABLE
             Rent/Price (%)   0.75% 0.70% INSUFFICIENT
             Average Cash Flow (at year 5) $125 $155 FAVORABLE
             Average ROI (at year 5) 15% 22.6% 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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