Instant Equity in this Houston Metro Find! [Code: 207]
|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|
|ROI (15 yrs)||377%|
|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
Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.
Team: Jenny – email directly at firstname.lastname@example.org
|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|
|Market Value (after improvements)||$365,000|
|Other Fees At Closing||$0|
|Property Tax Rate (Approx.)||2.3%|
|Property Management Fee||$100||$1,200|
|Total Fixed Expenses||$878||$10,536|
|Total Expenses (Fixed + Mortgage)||$2,307||$27,687|
|Financial Analysis / Deal Attractiveness|
|Net Cash Flow||$9,290||$28,472||$58,577||$100,740|
|Average Cash Flow/Year||$1,858||$2,847||$3,905||$5,037|
|Average Cash Flow/Month||$155||$237||$325||$420|
|Projected Property Value||$444,078||$540,289||$657,344||$799,760|
|Property Ratings Suggestions|
|Item||Suggested Criteria (Min.)||This Property||FAVORABLE /|
|Average Cash Flow (at year 5)||$125||$155||FAVORABLE|
|Average ROI (at year 5)||15%||22.6%||FAVORABLE|
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.