Equity Buy Opportunity in TX [Code: 8406]

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After 15 Years (no mortgage) 
Original purchase price$235,000
Total investment (out of pocket)$66,150
15 yrs Project house value$459,241
Value (appreciation) Gain$224,241
15 yrs cash-flow generated$10,477
Total Gain$234,718
ROI (15 yrs)355%
ROI (annually)24%
Free & Clear cash flow (yr.)$14,543
Free & Clear cash flow (m)$1,212

  • Beautiful 3 bedroom, 2.5 bathroom single family residence
  • Fully Fenced back yard with cement patio and storage shed
  • This property almost breaks even, but you're buying so far under market that you're walking in with $10-$20k equity immediately!!
  • 2-car attached garage with laundry facilities
  • Prime family location with restaurants/shopping/activities nearby
  • Close enough to the highway for convenience but far enough away to not have any negative effects due to the proximity
  • Walking distance to the community pool and tennis courts
  • Walking distance to the local elementary school (1/10 of a mile away)
  • 5,998 square foot lot

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

  • Built: 1975
  • Size: 1,878  sq ft
  • Quiet residential street, Desirable community, B/C 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: 8406

            Property Specifications1
             Square Feet1878
             Year Built1975
             Garage Size2
             Schools Rating (on scale of A-C)B/C

            Purchase AssumptionsMy Offer
            Offer used for analysis$235,000
            Suggested offer (low)$235,000
            Suggested offer (high)$245,000
            Market Value (after improvements)$255,000
            Improvements (lower)$2,000
            Improvements (upper)$3,000
            Closing Costs$2,450
            Mortgage Costs$2,450
            Other Fees At Closing$0
            Total Cost $242,400

            Financial AssumptionsMonthlyYearly
            Rent (upper)$1,725$1,800$21,600
            Rent (lower)$1,650$19,800
             Property Tax Rate (Approx.)2.7% 
             Property Taxes$355$4,260
            Variable-Cost PM0.0% 
            Property Management Fee$100$1,200
             Leasing Fee80%$57.5$690
             Vacancy Rate4.0% 
             Total Fixed Expenses$807$9,678
             Total Expenses (Fixed + Mortgage)$1,807$21,687

            Financial Analysis / Deal Attractiveness    
             Cap Rate-0.8%0.1%1.1%2.1%
             Net Cash Flow-$2,685$600$10,477$27,631
             Equity Increase$68,535$153,234$258,015$387,776
             Total Gain$65,850$153,834$268,492$415,407
             Average Cash Flow/Year-$537$60$698$1,382
             Average Cash Flow/Month-$45$5$58$115
             Average Gain/Year$13,170$15,383$17,899$20,770
             Average ROI99.5%232.6%405.9%628.0%
             Annual ROI19.9%23.3%27.1%31.4%
             Projected Property Value$310,246$377,462$459,241$558,736

            Property Ratings Suggestions
             Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
             Schools  BB/C#N/A
             Square Feet 10001,878FAVORABLE
             Bedrooms 33FAVORABLE
             Bathrooms 22.5FAVORABLE
             Year Built 19701975FAVORABLE
             Rent/Price (%) 0.75%0.77%FAVORABLE
             Average Cash Flow (at year 5)$125-$45INSUFFICIENT
             Average ROI (at year 5)15%19.9%FAVORABLE



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            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.