Gorgeous 3-story home in highly appreciating neighborhood! [Code: 1221]
|After 15 Years (no mortgage)|
|Original purchase price||$435,000|
|Total investment (out of pocket)||$120,750|
|15 yrs Project house value||$783,410|
|Value (appreciation) Gain||$348,410|
|15 yrs cash-flow generated||$62,427|
|ROI (15 yrs)||340%|
|Free & Clear cash flow (yr.)||$28,137|
|Free & Clear cash flow (m)||$2,345|
- Large turnkey 3-story story home (3 bedroom, 3.5 bath)
- Price recently dropped by $25K!
- This location with easy freeway access makes commuting to Downtown, the Galleria, and Energy Corridor a breeze
- Refrigerator and washer/dryer included
- Open house is scheduled for 8/7/22. Get your offer in before everyone else does!
- Beautiful kitchen with granite countertops and stainless steel appliances, two balconies, and a backyard with a deck
- LVP/Tile/Carpet floors and upgrades throughout
- ~ $150/mo. cash flow
- No HOA costs
- B/C rated schools
- 46 Days on the Market. Wonderful negotiation opportunity for you!
- Location is just minutes from parks, restaurants, and nightlife
- 2 car attached garage
Why should you consider this house / what makes it a good investment?
- Built: 2014
- Size: 2409 square foot lot
- Low Crime, Desirable community, Turnkey property
Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.
Team: Jenny – email directly at firstname.lastname@example.org
|Schools Rating (on scale of A-C)||B/C|
|Purchase Assumptions||My Offer|
|Offer used for analysis||$435,000|
|Suggested offer (low)||$435,000|
|Suggested offer (high)||$449,500|
|Market Value (after improvements)||$435,000|
|Other Fees At Closing||$0|
|Property Tax Rate (Approx.)||2.3%|
|Property Management Fee||$100||$1,200|
|Total Fixed Expenses||$1,198||$14,376|
|Total Expenses (Fixed + Mortgage)||$2,900||$34,798|
|Financial Analysis / Deal Attractiveness|
|Net Cash Flow||$8,858||$29,267||$62,427||$109,667|
|Average Cash Flow/Year||$1,772||$2,927||$4,162||$5,483|
|Average Cash Flow/Month||$148||$244||$347||$457|
|Property Ratings Suggestions|
|Item||Suggested Criteria (Min.)||This Property||FAVORABLE /|
|Average Cash Flow (at year 5)||$125||$148||FAVORABLE|
|Average ROI (at year 5)||15%||21.7%||FAVORABLE|
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.