Gorgeous 3-story home in highly appreciating neighborhood! [Code: 1221]

sdi_logo (002).png

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
Total Gain$410,838
ROI (15 yrs)340%
ROI (annually)23%
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

            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: 1221

            Property Specifications1
             Square Feet2170
             Year Built2014
             Garage Size2
             Schools Rating (on scale of A-C)B/C
            Purchase AssumptionsMy Offer
            Offer used for analysis$435,000
            Suggested offer (low)$435,000
            Suggested offer (high)$449,500
            Market Value (after improvements)$435,000
            Improvements (lower)$3,000
            Improvements (upper)$5,000
            Closing Costs$4,000
            Mortgage Costs$4,000
            Other Fees At Closing$0
            Total Cost $447,000
            Financial AssumptionsMonthlyYearly
            Rent (upper)$2,975$3,050$36,600
            Rent (lower)$2,900$34,800
             Property Tax Rate (Approx.)2.3% 
             Property Taxes$747$8,974
            Variable-Cost PM0.0% 
            Property Management Fee$100$1,200
             Leasing Fee80%$58.0$700
             Vacancy Rate4.0% 
             Total Fixed Expenses$1,198$14,376
             Total Expenses (Fixed + Mortgage)$2,900$34,798

            Financial Analysis / Deal Attractiveness    
             Cap Rate1.5%2.4%3.4%4.5%
             Net Cash Flow$8,858$29,267$62,427$109,667
             Equity Increase$121,981$271,800$455,865$682,072
             Total Gain$130,840$301,067$518,292$791,739
             Average Cash Flow/Year$1,772$2,927$4,162$5,483
             Average Cash Flow/Month$148$244$347$457
             Average Gain/Year$26,168$30,107$34,553$39,587
             Average ROI108.4%249.3%429.2%655.7%
             Annual ROI21.7%24.9%28.6%32.8%
            Property Ratings Suggestions
             Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
             Schools  BB/C#N/A
             Square Feet 10002,170FAVORABLE
             Bedrooms 33FAVORABLE
             Bathrooms 23.5FAVORABLE
             Year Built 19702014FAVORABLE
             Rent/Price (%) 0.75%0.70%INSUFFICIENT
             Average Cash Flow (at year 5)$125$148FAVORABLE
             Average ROI (at year 5)15%21.7%FAVORABLE
            sdi_logo (002).png


            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.