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Stunning Houston Metro Find!! [Code: 522]

Posted by Powered by Simply Do It on May 1, 2022
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After 15 Years (no mortgage)  
Original purchase price $261,000
Total investment (out of pocket) $72,970
15 yrs Project house value $545,686
Value (appreciation) Gain $284,686
15 yrs cash-flow generated $70,269
Total Gain $354,955
ROI (15 yrs) 486%
ROI (annually) 32%
   
Free & Clear cash flow (yr.) $20,207
Free & Clear cash flow (m) $1,684
  • 3 bedroom, 2 bathroom detached SFR
  • Single story
  • Fully fenced backyard with covered patio and large wood deck
  • Around $250/mo. cash flow 
  • 1-car attached garage
  • Granite countertops
  • Quiet residential street
  • 23 Days on the market – Great negotiation factor!
  • Good B rated schools
  • 6,443 square foot lot

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

  • Built: 1981
  • Size: 1,303  sq ft
  • 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: 522


            Property Specifications 1
             Bedrooms 3
             Bathrooms 2
             Square Feet 1303
             Year Built 1981
             Garage Size 1
             Schools Rating (on scale of A-C) B

            Purchase Assumptions My Offer
            Offer used for analysis $261,000
            Suggested offer (low) $261,000
            Suggested offer (high) $263,000
            Asking $262,000
            Market Value (after improvements) $262,000
            Improvements (lower) $2,000
            Improvements (upper) $3,000
            Closing Costs $2,610
            Mortgage Costs $2,610
            Other Fees At Closing $0
            Total Cost  $268,720

            Financial Assumptions Monthly Yearly
            Rent (upper) $1,944 $2,044 $24,528
            Rent (lower) $1,844 $22,128
             Property Tax Rate (Approx.) 2.3%  
             Property Taxes $310 $3,691
             Insurance $105 $1,260
             Repairs $75 $900
            Variable-Cost PM 0.0%  
            Property Management Fee $100 $1,200
             Leasing Fee 80% $64.8 $778
             HOA $13 $160
             Vacancy Rate  
             Total Fixed Expenses $668 $8,014
             Total Expenses (Fixed + Mortgage) $1,749 $20,985

            Financial Analysis / Deal Attractiveness      
            Years: 5 10 15 20
             Cap Rate 4.1% 5.2% 6.4% 7.7%
             Net Cash Flow $14,840 $37,976 $70,269 $112,674
             Equity Increase $81,013 $180,850 $303,971 $455,913
             Total Gain $95,854 $218,826 $374,240 $568,587
                       
             Average Cash Flow/Year $2,968 $3,798 $4,685 $5,634
             Average Cash Flow/Month $247 $316 $390 $469
             Average Gain/Year $19,171 $21,883 $24,949 $28,429
             Average ROI 131.4% 299.9% 512.9% 779.2%
             Annual ROI 26.3% 30.0% 34.2% 39.0%
             Projected Property Value $368,646 $448,514 $545,686 $663,910

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools   B B FAVORABLE
             Square Feet   1000 1,303 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 2 FAVORABLE
             Year Built   1970 1981 FAVORABLE
             Rent/Price (%)   0.75% 0.78% FAVORABLE
             Average Cash Flow (at year 5) $125 $247 FAVORABLE
             Average ROI (at year 5) 15% 26.3% 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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