Gorgeous Houston Home with Waterfront view [code 9007]

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  • 4 bedroom 2.5 bath single family residence
  • Highly sought after neighborhood 
  • HOA includes walking paths, a community park with event pavilion, and two playgrounds
  • No (low) crime area
  • Over $170/mo. cash flow
  • Hardwood/carpet/tile flooring throughout
  • Pond view with fountains on single loaded street
  • Oversized 3 car attached garage
  • Easy access to Fort Bend Tollway, Beltway 8, Hwy 90, Hwy 6 & minutes from Sugar Land/Hwy 59 & Pearland/Hwy 288.Schools are zoned to Fort Bend ISD
  • Energy efficient features include; Tankless Water Heater, Environments for Living Certified Home, 16 SEER Carrier HVAC, Low E3 vinyl windows, Radiant barrier roof decking, Insulated doors, Smart Thermostat that provides lower utility bills
  • Covered outdoor sitting area that opens to a large fenced yard
  • 8,703 square foot lot

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

  • Built: 2015
  • Size: 2,625  sq ft
  • Quiet residential street, Desirable community, good 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: 9007


Property Specifications2
 Bedrooms4
 Bathrooms2.5
 Square Feet2,625
 Year Built2015
 Garage Size3
 Schools Rating (on scale of A-F)B

Purchase AssumptionsMy Offer
Offer used for analysis$399,999
Suggested offer (low)$399,999
Suggested offer (high)$399,999
Asking$399,999
Market Value (after improvements)$399,999
Improvements (lower)$1,000
Improvements (upper)$1,500
Closing Costs$3,999
Mortgage Costs$3,999
Other Fees At Closing 
Total Cost $409,247

Financial AssumptionsMonthlyYearly
Rent (upper)$2,625$2,650$31,800
Rent (lower)$2,600$31,200
 Property Tax Rate (Approx.)2.3% 
 Property Taxes$5746,882
 Insurance$125$1,500
 Repairs$75$900
Variable-Cost PMFlat Fee 
Property Management Fee$100$1,200
 Leasing Fee80%$87.5$1,050
 HOA$36$432
 Vacancy Rate4.0% 
 Total Fixed Expenses$1,099$13,182
 Total Expenses (Fixed + Mortgage)$2,509$30,110

Financial Analysis / Deal Attractiveness    
Years:5101520
 Cap Rate2.0%2.9%3.8%4.9%
 Net Cash Flow$10,685$31,292$62,853$106,509
 Equity Increase$115,870$256,749$428,035$636,291
 Total Gain$126,555$288,041$490,888$742,801
      
 Average Cash Flow/Year$2,137$3,129$4,190$5,325
 Average Cash Flow/Month$178$261$349$444
 Average Gain/Year$25,311$28,804$32,726$37,140
 Average ROI115.8%263.7%449.3%679.9%
 Annual ROI23.2%26.4%30.0%34.0%
 Projected Property Value$486,660$592,096$720,376$876,447

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools  BBFAVORABLE
 Square Feet 10002,625FAVORABLE
 Bedrooms 34FAVORABLE
 Bathrooms 22.5FAVORABLE
 Year Built 19702015FAVORABLE
 Rent/Price (%) 0.75%0.66%INSUFFICIENT
 Average Cash Flow (at year 5)$125$178FAVORABLE
 Average ROI (at year 5)15%23.2%FAVORABLE


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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.