Overview
- Updated On:
- November 8, 2021
UPDATE [6/7/21 1130AM PST]
- Two out of the 4 houses are under contract.
- good news – seller accepted the asking price (ie we did not need to go over asking)
What’s the opportunity?
- 4 rented properties in a great location of DFW metro.
- Properties are located in 4 different suburb cities (they are not located close to each other)
Important
- Seller prefers 1 buyer but we believe that even 4 buyers will work.
- Priority will be given to a buyer/s that can buy more than one property
Rent and Price Info
| Property Code | 117N | 420B | 329T | 87T | Total |
| Current rent | $3,100 | $2,550 | $2,650 | $2,530 | $10,830 |
| Lease expires | 8/30/2021 | 11/30/2021 | 1/31/2022 | 8/30/2021 | |
| Asking price | $384,500 | $318,500 | $354,500 | $380,300 | $1,437,800 |
| Reservation list | 117N | 420B | 329T | 87T |
| RESERVED I. Os. |
RESERVED Ro. W. |
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KNOW BEFORE YOU BUY
SIMPLY DO IT HAS THE FOLLOWING READY FOR YOU TO USE:
- A vetted property management company
- A vetted and trained Realtor
- Investment properties experienced mortgage lender
- Recommended insurance agent
- Recommended property inspector
- Recommended title and escrow
Your next step:
Have questions?
Submit an offer?
Send an email to meet@simplydoit.net
Locations Map
Side-by-side Analysis
| Property Code | 117N | 420B | 329T | 87T |
| Bedrooms | 5 | 4 | 4 | 4 |
| Bathrooms | 4 | 2 | 3 | 3 |
| Square Feet | 3487 | 2359 | 2917 | 2729 |
| Year Built | 2002 | 2002 | 2005 | 2013 |
| Garage Size | 2 | 2 | 2 | 2 |
| Schools Rating (on scale of 0-10) | B | B | B | B |
| Purchase Assumptions | ||||
| Purchase Price | $384,000 | $318,500 | $354,500 | $365,000 |
| Market Value (after improvements) | $385,000 | $318,500 | $354,500 | $380,000 |
| Improvements | $5,000 | $5,000 | $5,000 | $5,000 |
| Closing Costs | $3,500 | $3,500 | $3,500 | $3,500 |
| Mortgage Costs | $3,500 | $3,500 | $3,500 | $3,500 |
| Other Fees At Closing | $0 | $0 | $0 | $0 |
| Total Cost | $396,000 | $330,500 | $366,500 | $377,000 |
Financing Assumptions |
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| Down Payment (%) | 25% | 25% | 25% | 25% |
| Down Payment Amount | $96,000 | $79,625 | $88,625 | $91,250 |
| Financed Amount | $288,000 | $238,875 | $265,875 | $273,750 |
| Interest Rate | 3.50% | 3.50% | 3.50% | 3.50% |
| Mortgage Term (Years) | 30 | 30 | 30 | 30 |
| Monthly Mortgage Payment | $1,293 | $1,073 | $1,194 | $1,229 |
| Cash Outlay (total cost of property) | $108,000 | $91,625 | $100,625 | $103,250 |
Financial Assumptions (monthly) |
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| Rent | $3,250 | $2,625 | $2,725 | $2,605 |
| Property Tax Rate (approximate) | 2.13% | 2.13% | 2.13% | 2.13% |
| Property Taxes | $682 | $565 | $629 | $648 |
| Insurance | $150 | $150 | $150 | $150 |
| Repairs | $85 | $85 | $85 | $85 |
| Variable-Cost PM | 8.0% | 8.0% | 8.0% | 8.0% |
| Leasing Fee | $108 | $88 | $91 | $87 |
| HOA | $0 | $28 | $0 | $38 |
| Vacancy Rate | 4.0% | 4.0% | 4.0% | 4.0% |
| Total Fixed Monthly Expenses | $1,251 | $1,117 | $1,160 | $1,208 |
| Total Fixed Annual Expenses | $15,011 | $13,402 | $13,921 | $14,499 |
Analysis Summary (5 yrs) |
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| Net Cash Flow | $47,244 | $29,823 | $26,094 | $13,470 |
| Equity Increase | $90,993 | $75,340 | $83,856 | $88,728 |
| Total Gain | $138,237 | $105,163 | $109,949 | $102,198 |
| Average Cash Flow/Year | $9,449 | $5,965 | $5,219 | $2,694 |
| Average Cash Flow/Month | $787 | $497 | $435 | $225 |
| Average Gain/Year | $27,647 | $21,033 | $21,990 | $20,440 |
| Average ROI | ||||
| Annual ROI | 25.6% | 23% | 22% | 20% |
| Projected Property Value | $446,321 | $369,229 | $410,963 | $440,524 |
| Property Code | 117N | 420B | 329T | 87T |
| Current rent | $3,100 | $2,550 | $2,650 | $2,530 |
| Lease expires | 8/30/2021 | 11/30/2021 | 1/31/2022 | 8/30/2021 |
| Asking price | $384,500 | $318,500 | $354,500 | $380,300 |
Disclaimer
This Report is provided solely for general business information purposes. No advisory, fduciary or other relationship is created by any acceptance or use of this Report.
The inclusion of this Report with any other materials does not constitute an endorsement by the Report Author of any third party or any third party’s products or services. The projected valuation, fnancial and investment return information, conclusions and other information contained in this Report are based upon tested methodologies for accuracy. However, such information and conclusions are not defnitive forecasts, appraisals or opinions of valuations. All such information and conclusions are stated in terms of probability of likelihood based on market factors and information submitted to the Report Author, and such information and conclusions are not guaranteed by the Report Author and should not be construed as a certifed appraisal or valuation, or investment advice.
The Report Author uses or has used public and/or confdential data and assumptions provided to the Report Author by third parties, and the Report Author has not independently verifed the data and assumptions used in these analyses or data sets. Attributes for properties may be inaccurate because county assessor and property data does not always include recent additions and/or modifcations to property structures. Changes in the underlying data or operating assumptions, or any loss of access to any one or more sources will clearly impact the analyses, information and conclusions set forth in this Report.
73 / Very Walkable more details here 
