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Look at the cashflow on this Houston Find! [Code 811]

Posted by Powered by Simply Do It on March 7, 2022
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After 15 Years (no mortgage)  
Original purchase price $269,000
Total investment (out of pocket) $75,400
15 yrs Project house value $475,449
Value (appreciation) Gain $206,449
15 yrs cash-flow generated $61,015
Total Gain $267,464
ROI (15 yrs) 355%
ROI (annually) 24%
   
Free & Clear cash flow (yr.) $17,884
Free & Clear cash flow (m) $1,490
  • 4 bedroom 2.5 bath single family residence
  • Highly sought after neighborhood
  • No (low) crime area
  • Low Tax Zone for Texas
  • Around $215/mo. cash flow 
  • Roof replaced in 2018
  • Fenced-in playground and path within walking distance
  • 2-car detached garage
  • Interior freshly painted, professionally cleaned and MOVE-IN READY!
  • New faucets, new back door, new outside light fixtures
  • Good schools
  • 5,471 square foot lot

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

  • Built: 2005
  • Size: 2,135  sq ft
  • Quiet residential street, Desirable community, B rated schools

Why Houston? 

  • Houston has some of the best suburbs like The Woodlands, Cypress, Katy, Sugar Land and Richmond with great schools and tons of shopping 
  • We have the largest medical center in the world
  • We have a great job market, and booming Oil and Gas, Aerospace, Medical, and Tech industries.
  • Legendary food scene 
  • Big sports city with the Houston Astros, Dynamo, Rockets and Texans
  • Museums, NASA, Houston Zoo
  • Houston Livestock Show and Rodeo is the largest livestock exhibition and rodeo in the world

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: 811


Property Specifications 1
 Bedrooms 3
 Bathrooms 2.5
 Square Feet 2,135
 Year Built 2005
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $269,000
Suggested offer (low) $264,000
Suggested offer (high) $264,000
Asking $264,000
Market Value (after improvements) $264,000
Improvements (lower) $2,500
Improvements (upper) $3,000
Closing Costs $2,700
Mortgage Costs $2,700
Other Fees At Closing  
Total Cost  $277,150

Financial Assumptions Monthly Yearly
Rent (upper) $1,930 $1,980 $23,760
Rent (lower) $1,880 $22,560
 Property Tax Rate (Approx.) 2.6%  
 Property Taxes $350 4,200
 Insurance $120 $1,440
 Repairs $75 $900
Variable-Cost PM Flat Fee  
Property Management Fee $100 $1,200
 Leasing Fee 80% $64.3 $772
 HOA $18 $480
 Vacancy Rate 4.0%  
 Total Fixed Expenses $801 $9,606
 Total Expenses (Fixed + Mortgage) $1,764 $21,165

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 3.4% 4.4% 5.4% 6.5%
 Net Cash Flow $12,742 $32,826 $61,015 $98,152
 Equity Increase $76,469 $169,588 $282,985 $421,074
 Total Gain $89,211 $202,414 $344,000 $519,227
           
 Average Cash Flow/Year $2,548 $3,283 $4,068 $4,908
 Average Cash Flow/Month $212 $274 $339 $409
 Average Gain/Year $17,842 $20,241 $22,933 $25,961
 Average ROI 118.3% 268.5% 456.2% 688.6%
 Annual ROI 23.7% 26.8% 30.4% 34.4%
 Projected Property Value $321,196 $390,784 $475,449 $578,457

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 2,135 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2.5 FAVORABLE
 Year Built   1970 2005 FAVORABLE
 Rent/Price (%)   0.75% 0.74% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $212 FAVORABLE
 Average ROI (at year 5) 15% 23.7% 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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