2 VERY aggressive offers in Houston [Code: 14226 & 7534]
| A Future Snapshot – After 15 Years (no mortgage) | |
| Original purchase price | $332,000 |
| Total investment (out of pocket) | $92,640 |
| 15 yrs Project house value | $597,913 |
| Value (appreciation) Gain | $265,913 |
| 15 yrs cash-flow generated | $67,208 |
| Total Gain | $333,121 |
| ROI (15 yrs) | 360% |
| ROI (annually) | 24% |
| Free & Clear cash flow (yr.) | $23,225 |
| Free & Clear cash flow (m) | $1,935 |
- If this offer is accepted, you have around $37k equity on DAY ONE!
- 4 bedroom 3.5 bath Single Family Residence
- Asking price has just been reduced by $8,000 (we are suggesting even lower for offer)
- No (low) crime area
- Current time on the Market: 121 days. This gives us negotiation power with the seller
- Over $200/mo. cash flow
- This property has a wood utility pole in the backyard which can be dressed (maybe even relocated by the utility company) up so it's not as noticeable, but for the right price it's worth working with!
- 2 car attached garage
- Good school district
- 7,083 square foot lot
Why should you consider this house / what makes it a good investment?
- Built: 1991
- Size: 3,208 sq ft
- Quiet residential street, Desirable community, B rated schools
| Property Specifications | 1 |
| Bedrooms | 4 |
| Bathrooms | 3.5 |
| Square Feet | 3,208 |
| Year Built | 1991 |
| Garage Size | 2 |
| Schools Rating (on scale of A-F) | B |
| Purchase Assumptions | My Offer |
| Offer used for analysis | $332,000 |
| Suggested offer (low) | $332,000 |
| Suggested offer (high) | $369,000 |
| Asking | $369,000 |
| Market Value (after improvements) | $332,000 |
| Improvements (lower) | $2,000 |
| Improvements (upper) | $4,000 |
| Closing Costs | $3,320 |
| Mortgage Costs | $3,320 |
| Other Fees At Closing | |
| Total Cost | $341,640 |
| Financial Assumptions | Monthly | Yearly | ||
| Rent (upper) | $2,675 | $2,700 | $32,400 | |
| Rent (lower) | $2,650 | $31,800 | ||
| Property Tax Rate (Approx.) | 2.5% | |||
| Property Taxes | $650 | 7,800 | ||
| Insurance | $120 | $1,440 | ||
| Repairs | $75 | $900 | ||
| Variable-Cost PM | Flat Fee | |||
| Property Management Fee | $100 | $1,200 | ||
| Leasing Fee | 80% | $89.2 | $1,070 | |
| HOA | $71 | $850 | ||
| Vacancy Rate | 4% | |||
| Total Fixed Expenses | $1,208 | $14,498 | ||
| Total Expenses (Fixed + Mortgage) | $2,526 | $30,311 | ||
| Financial Analysis / Deal Attractiveness | |||||
| Years: | 5 | 10 | 15 | 20 | |
| Cap Rate | 2.7% | 3.7% | 4.8% | 6.0% | |
| Net Cash Flow | $12,538 | $34,610 | $67,208 | $111,427 | |
| Equity Increase | $92,684 | $206,667 | $346,900 | $519,498 | |
| Total Gain | $105,222 | $241,276 | $414,107 | $630,925 | |
| Average Cash Flow/Year | $2,508 | $3,461 | $4,481 | $5,571 | |
| Average Cash Flow/Month | $209 | $288 | $373 | $464 | |
| Average Gain/Year | $21,044 | $24,128 | $27,607 | $31,546 | |
| Average ROI | 113.6% | 260.4% | 447.0% | 681.1% | |
| Annual ROI | 22.7% | 26.0% | 29.8% | 34.1% | |
| Projected Property Value | $403,929 | $491,441 | $597,913 | $727,453 | |
| Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT | ||
| Schools | B | B | FAVORABLE | ||
| Square Feet | 1000 | 3,208 | FAVORABLE | ||
| Bedrooms | 3 | 4 | FAVORABLE | ||
| Bathrooms | 2 | 3.5 | FAVORABLE | ||
| Year Built | 1970 | 1991 | FAVORABLE | ||
| Rent/Price (%) | 0.75% | 0.81% | FAVORABLE | ||
| Average Cash Flow (at year 5) | $125 | $209 | FAVORABLE | ||
| Average ROI (at year 5) | 15% | 22.7% | FAVORABLE | ||
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 jennyflygirlradio@gmail.com
Code: 14226
Deal #2
| A Future Snapshot – After 15 Years (no mortgage) | |
| Original purchase price | $311,000 |
| Total investment (out of pocket) | $86,970 |
| 15 yrs Project house value | $560,093 |
| Value (appreciation) Gain | $249,093 |
| 15 yrs cash-flow generated | $77,299 |
| Total Gain | $326,393 |
| ROI (15 yrs) | 375% |
| ROI (annually) | 25% |
| Free & Clear cash flow (yr.) | $22,851 |
| Free & Clear cash flow (m) | $1,904 |
[Code: 7534]
- If this offer is accepted, you have around $55k equity on DAY ONE!
- Asking price has just been reduced by $7,000 (we are suggesting even lower for offer)
- 4 bedroom 2 bath Single Family Residence
- No (low) crime area
- Current time on the Market: 193 days. This gives us negotiation power with the seller
- Over $265/mo. cash flow
- 2 car attached garage
- Good school district
- 8,799 square foot lot
Why should you consider this house / what makes it a good investment?
- Built: 1982
- Size: 3,090 sq ft
- Quiet residential street, Desirable community, B rated schools
| Property Specifications | 1 |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Square Feet | 3,090 |
| Year Built | 1982 |
| Garage Size | 2 |
| Schools Rating (on scale of A-F) | B |
| Purchase Assumptions | My Offer |
| Offer used for analysis | $311,000 |
| Suggested offer (low) | $311,000 |
| Suggested offer (high) | $366,000 |
| Asking | $366,000 |
| Market Value (after improvements) | $311,000 |
| Improvements (lower) | $2,000 |
| Improvements (upper) | $4,000 |
| Closing Costs | $3,110 |
| Mortgage Costs | $3,110 |
| Other Fees At Closing | |
| Total Cost | $320,220 |
| Financial Assumptions | Monthly | Yearly | ||
| Rent (upper) | $2,575 | $2,600 | $31,200 | |
| Rent (lower) | $2,550 | $30,600 | ||
| Property Tax Rate (Approx.) | 2.5% | |||
| Property Taxes | $600 | 7,200 | ||
| Insurance | $125 | $1,500 | ||
| Repairs | $75 | $900 | ||
| Variable-Cost PM | Flat Fee | |||
| Property Management Fee | $100 | $1,200 | ||
| Leasing Fee | 80% | $85.8 | $1,030 | |
| HOA | $47 | $560 | ||
| Vacancy Rate | 4% | |||
| Total Fixed Expenses | $1,132 | $13,582 | ||
| Total Expenses (Fixed + Mortgage) | $2,366 | $28,395 | ||
| Financial Analysis / Deal Attractiveness | |||||
| Years: | 5 | 10 | 15 | 20 | |
| Cap Rate | 3.7% | 4.8% | 5.9% | 7.2% | |
| Net Cash Flow | $16,061 | $41,502 | $77,299 | $124,531 | |
| Equity Increase | $86,821 | $193,595 | $324,957 | $486,638 | |
| Total Gain | $102,882 | $235,097 | $402,257 | $611,169 | |
| Average Cash Flow/Year | $3,212 | $4,150 | $5,153 | $6,227 | |
| Average Cash Flow/Month | $268 | $346 | $429 | $519 | |
| Average Gain/Year | $20,576 | $23,510 | $26,817 | $30,558 | |
| Average ROI | 118.3% | 270.3% | 462.5% | 702.7% | |
| Annual ROI | 23.7% | 27.0% | 30.8% | 35.1% | |
| Projected Property Value | $378,379 | $460,356 | $560,093 | $681,439 | |
| Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT | ||
| Schools | B | B | FAVORABLE | ||
| Square Feet | 1000 | 3,090 | FAVORABLE | ||
| Bedrooms | 3 | 4 | FAVORABLE | ||
| Bathrooms | 2 | 2 | FAVORABLE | ||
| Year Built | 1970 | 1982 | FAVORABLE | ||
| Rent/Price (%) | 0.75% | 0.84% | FAVORABLE | ||
| Average Cash Flow (at year 5) | $125 | $268 | FAVORABLE | ||
| Average ROI (at year 5) | 15% | 23.7% | FAVORABLE | ||
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 jennyflygirlradio@gmail.com
Code: 7534
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.