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Who wants and instant $20K?? [Code: 512]

Posted by Powered by Simply Do It on September 23, 2022
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Why THIS deal??
  • Property has been on the market for 70 days.  Great price negotiation tool!
  • ~$100/mo cash flow
  • Suggest offer is aggressive to provide instant $20K equity to the investor
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After 15 Years (no mortgage)
Original purchase price $240,000
Total investment (out of pocket) $72,400
15 yrs Project house value $468,245
Value (appreciation) Gain $228,245
15 yrs cash-flow generated $41,665
Total Gain $269,910
ROI (15 yrs) 372.80%
ROI (annually) 24.85%
   
Free & Clear cash flow (yr.) $17,802
Free & Clear cash flow (m) $1,484

  • 4 bedroom, 2 bath Single Family Home
  • Fully remodeled house with high-end modern touches throughout
  • Good School District
  • Practically new home for under $250K!
  • Recently painted exterior, newer roof & HVAC, NEW fence, ALL NEW PEX plumbing, luxury vinyl plank flooring, fresh paint, & TONS of natural light throughout
  • Quiet residential street in safe subdivision
  • Price has already been reduced by $9K (on 7/15/22)
  • Improvement costs are for backyard sodding and small details.  No other make-ready necessary to lease for maximum rent
  • No HOA fees
  • Highly appreciating neighborhood
  • Property has been on the market for 70 days.   GREAT Negotiation tool!!
  • 7,510 square foot lot


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

  • Built: 1970
  • Size: 1,487 square foot 
  • Low Crime, 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: 512


Property Specifications 1
 Bedrooms 4
 Bathrooms 2
 Square Feet 1487
 Year Built 1970
 Garage Size 2
 Schools Rating (on scale of A-C) B

Purchase Assumptions My Offer
Offer used for analysis $240,000
Suggested offer (low) $240,000
Suggested offer (high) $260,000
Asking $260,000
Market Value (after improvements) $260,000
Improvements (lower) $4,000
Improvements (upper) $7,000
Closing Costs $2,400
Mortgage Costs $4,500
Other Fees At Closing $0
Total Cost  $252,400

Financial Assumptions Monthly Yearly
Rent (upper) $1,700 $1,750 $21,000
Rent (lower) $1,650 $19,800
Property Tax Rate (Approx.) 2.2%  
Property Taxes   $170 $2,040
Insurance   $110 $1,320
Repairs   $75 $900
Variable-Cost PM   0.0%  
Property Management Fee $100 $1,200
Leasing Fee 80% $56.7 $680
HOA   $0 $0
Vacancy Rate   4.0%  
Total Fixed Expenses $576 $6,908
 Total Expenses (Fixed + Mortgage) $1,640 $19,685

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 1.7% 2.8% 3.8% 5.0%
 Net Cash Flow $6,327 $19,961 $41,665 $72,276
 Equity Increase $69,093 $154,735 $261,051 $393,241
 Total Gain $75,420 $174,697 $302,716 $465,517
           
 Average Cash Flow/Year $1,265 $1,996 $2,778 $3,614
 Average Cash Flow/Month $105 $166 $231 $301
 Average Gain/Year $15,084 $17,470 $20,181 $23,276
 Average ROI 104.2% 241.3% 418.1% 643.0%
 Annual ROI 20.8% 24.1% 27.9% 32.1%
 Projected Property Value $316,330 $384,864 $468,245 $569,692

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet     1000 1,487 FAVORABLE
 Bedrooms     3 4 FAVORABLE
 Bathrooms     2 2 FAVORABLE
 Year Built     1970 1970 FAVORABLE
 Rent/Price (%)     0.75% 0.73% INSUFFICIENT
 Average Cash Flow (at year 5)     $125 $105 INSUFFICIENT
 Average ROI (at year 5)     15% 20.8% 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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