Gorgeous Houston Brick home [code: 23202]


  • Over $200/mo. cashflow
  •  Beautiful 5 bedroom brick 2-story home
  • Living area is fully open with vaulted ceilings
  • Uniquely situated with no back neighbors
  • Located on a cul-de-sac
  • Walking distance to the local middle school and next to the middle school bus stop
  • Popular private schools in the area: Spring Baptist Academy and Founders Christian School
  • Wired security system stays with home (optional cost: $100/mo.) – wonderful perk for tenants. 
  • No (low) crime area
  • 5,650+ sq. foot lot.  Perfect for kids and pets

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

  • Built: 2018
  • Size: 2,399+ sq ft on a 5,650 sq foot lot
  • Quiet residential street, Desirable community, Good school district
  • Turnkey property in wonderful condition


What's next?

Email/text Simply Do It or the Agent for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro: Houston

Team: Jenny – email her directly: hou1@simplydoit.net

Code: 23202

Property Specifications2
 Square Feet2,399
 Year Built2018
 Garage Size2
 Schools Rating (on scale of A-F)C

Purchase AssumptionsMy Offer
Offer used for analysis$299,000
Suggested offer (low)$299,000
Suggested offer (high)$299,000
Market Value (after improvements)$299,000
Improvements (lower)$1,000
Improvements (upper)$2,000
Closing Costs$3,500
Mortgage Costs$3,500
Other Fees At Closing$0
Total Cost $307,500

Financial AssumptionsMonthlyYearly
Rent (upper)$2,225$2,250$27,000
Rent (lower)$2,200$26,400
 Property Tax Rate (Approx.)3.0% 
 Property Taxes$571$6,856
Variable-Cost PMFlat Fee 
Property Management Fee$100$1,200
 Leasing Fee80%$74.2$890
 Vacancy Rate4.0% 
 Total Fixed Expenses$1,042$12,506
 Total Expenses (Fixed + Mortgage)$2,068$24,816

Financial Analysis / Deal Attractiveness    
 Cap Rate3.0%3.9%4.9%5.9%
 Net Cash Flow$12,315$32,318$60,809$98,672
 Equity Increase$87,369$193,288$321,700$477,387
 Total Gain$99,684$225,606$382,509$576,059
 Average Cash Flow/Year$2,463$3,232$4,054$4,934
 Average Cash Flow/Month$205$269$338$411
 Average Gain/Year$19,937$22,561$25,501$28,803
 Average ROI119.7%271.0%459.5%692.0%
 Annual ROI23.9%27.1%30.6%34.6%
 Projected Property Value$363,779$442,593$538,482$655,146

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
 Square Feet 10002,399FAVORABLE
 Bedrooms 35FAVORABLE
 Bathrooms 22.5FAVORABLE
 Year Built 19702018FAVORABLE
 Rent/Price (%) 0.75%0.75%FAVORABLE
 Average Cash Flow (at year 5)$125$205FAVORABLE
 Average ROI (at year 5)15%23.9%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.