Brand New Construction in Houston Suburb [Code 20727]
*Mortgage payments on new construction will not start until the construction of the property is finished.
- BRAND NEW BUILD with recent price reduction of $10K!
- Single Story with walk in utility room.
- Sits on a quiet residential street
- Good local school district
- No (low) crime area
- Large Master Suite, flex room with Resilient Vinyl Plank Flooring in Main & Wet Areas
- Energy Efficient appliances
- Irrigation system
- Immediate access to HWY 59, 30-minute drive to Bush Intercontinental
- 30-40 minute drive to Houston
- 6,000+ sq. foot lot
- Expected construction completion in January 2022
Why should you consider this house / what makes it a good investment?
- Built: 2022
- Size: 1900+ sq ft with a 6k+ sq foot lot
- Zero repair or improvement costs
- Quiet street, desirable community
- Low crime
Property Specifications | 1 |
Bedrooms | 3 |
Bathrooms | 2 |
Square Feet | 1951 |
Year Built | 2022 |
Garage Size | 2 |
Schools Rating (on scale of A-F) | B |
Purchase Assumptions | My Offer |
Offer used for analysis | $268,110 |
Suggested offer (low) | $268,110 |
Suggested offer (high) | $268,110 |
Asking | $268,110 |
Market Value (after improvements) | $268,110 |
Improvements (lower) | $1,500 |
Improvements (upper) | $2,000 |
Closing Costs | $3,500 |
Mortgage Costs | $3,500 |
Other Fees At Closing | $0 |
Total Cost | $276,860 |
Financial Analysis / Deal Attractiveness |
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Years: | 5 | 10 | 15 | 20 | |
Cap Rate | 5.8% | 6.8% | 7.9% | 9.1% | |
Net Cash Flow | $21,880 | $51,606 | $89,995 | $137,949 | |
Equity Increase | $79,115 | $174,706 | $290,219 | $429,824 | |
Total Gain | $100,995 | $226,312 | $380,214 | $567,772 | |
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Average Cash Flow/Year | $4,376 | $5,161 | $6,000 | $6,897 | |
Average Cash Flow/Month | $365 | $430 | $500 | $575 | |
Average Gain/Year | $20,199 | $22,631 | $25,348 | $28,389 | |
Average ROI | 133.3% | 298.7% | 501.8% | 749.3% | |
Annual ROI | 26.7% | 29.9% | 33.5% | 37.5% | |
Projected Property Value | $326,197 | $396,868 | $482,851 | $587,462 | |
Property Ratings Suggestions | |||||
Item |
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| Suggested Criteria (Min.) | This Property | FAVORABLE / |
Schools |
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| B | B | FAVORABLE |
Square Feet |
| 1000 | 1,951 | FAVORABLE | |
Bedrooms |
| 3 | 3 | FAVORABLE | |
Bathrooms |
| 2 | 2 | FAVORABLE | |
Year Built |
| 1970 | 2022 | FAVORABLE | |
Rent/Price (%) |
| 0.75% | 0.86% | FAVORABLE | |
Average Cash Flow (at year 5) | $125 | $365 | FAVORABLE | ||
Average ROI (at year 5) | 15% | 26.7% | FAVORABLE | ||
Metro: Houston
Team: Jenny
Code: 20727
What’s next?
Email/text for address, analysis and to get connected to Simply Do It’s local team that handles this transaction.
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. code 711