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Turnkey 4 bedroom with good cash flow [Code: 20247]

Posted by Powered by Simply Do It on April 29, 2022
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After 15 Years (no mortgage)  
Original purchase price $310,000
Total investment (out of pocket) $86,200
15 yrs Project house value $558,292
Value (appreciation) Gain $248,292
15 yrs cash-flow generated $64,551
Total Gain $312,843
ROI (15 yrs) 363%
ROI (annually) 24%
   
Free & Clear cash flow (yr.) $22,558
Free & Clear cash flow (m) $1,880
  • Beautiful 4 bedroom, 3 bathroom single family residence
  • Fully Fenced back yard with covered patio
  • ~ $200/mo. cash flow 
  • 2-car attached garage
  • Prime family location with restaurants/shopping/activities nearby
  • Good School District
  • 0.26 acre lot

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

  • Built: 1984
  • Size: 3,014  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: 20247


            Property Specifications 1
             Bedrooms 4
             Bathrooms 3
             Square Feet 3014
             Year Built 1984
             Garage Size 2
             Schools Rating (on scale of A-C) B

            Purchase Assumptions My Offer
            Offer used for analysis $310,000
            Suggested offer (low) $310,000
            Suggested offer (high) $320,000
            Asking $320,000
            Market Value (after improvements) $310,000
            Improvements (lower) $2,000
            Improvements (upper) $3,000
            Closing Costs $3,100
            Mortgage Costs $3,100
            Other Fees At Closing $0
            Total Cost  $318,700

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,350 $2,400 $28,800
            Rent (lower) $2,300 $27,600
             Property Tax Rate (Approx.) 2.3%  
             Property Taxes $428 $5,141
             Insurance $100 $1,200
             Repairs $100 $1,200
            Variable-Cost PM 0.0%  
            Property Management Fee $100 $1,200
             Leasing Fee 80% $78.3 $940
             HOA $29 $350
             Vacancy Rate 4.0%  
             Total Fixed Expenses $925 $11,104
             Total Expenses (Fixed + Mortgage) $2,209 $26,510

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 2.8% 3.8% 5.0% 6.2%
             Net Cash Flow $11,936 $33,132 $64,551 $107,258
             Equity Increase $85,415 $190,845 $321,081 $482,085
             Total Gain $97,350 $223,977 $385,632 $589,343
                       
             Average Cash Flow/Year $2,387 $3,313 $4,303 $5,363
             Average Cash Flow/Month $199 $276 $359 $447
             Average Gain/Year $19,470 $22,398 $25,709 $29,467
             Average ROI 112.9% 259.8% 447.4% 683.7%
             Annual ROI 22.6% 26.0% 29.8% 34.2%
             Projected Property Value $377,162 $458,876 $558,292 $679,248

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet   1000 3,014 FAVORABLE
             Bedrooms   3 4 FAVORABLE
             Bathrooms   2 3 FAVORABLE
             Year Built   1970 1984 FAVORABLE
             Rent/Price (%)   0.75% 0.77% FAVORABLE
             Average Cash Flow (at year 5) $125 $199 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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