Houston home with extra negotiating opportunity [code 1614]

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After 15 Years (if mortgage is paid off) 
Original purchase price$258,000
Total investment (out of pocket)$72,450
15 yrs Project house value$464,643
Value (appreciation) Gain$206,643
15 yrs cash-flow generated$57,528
Total Gain$264,171
ROI (15 yrs)365%
ROI (annually)24%
  
Free & Clear cash flow (yr.)$17,077
Free & Clear cash flow (m)$1,423
  • 4 bedroom 2 bath single family residence
  • Highly sought after neighborhood
  • No (low) crime area
  • Been on the market over 45 days giving you extra negotiating power
  • Hardwood flooring/tile/carpet throughout
  • Steps away from neighborhood park
  • 2 car attached garage
  • Almost $200/mo. starting cash flow
  • Good schools
  • Privacy lot with no rear neighbors
  • 5,502 square foot lot with fully fenced yard

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

  • Built: 2008
  • Size: 1,824  sq ft
  • Quiet residential street, Desirable community, good schools


Why Houston?

  • Houston has some of the best suburbs like The Woodlands, Cypress, Katy, Sugar Land and Richmond with great schools and tons of shopping 
  • Houston has the largest medical center in the world
  • Great job market, and booming Oil and Gas, Aerospace, Medical, and Tech industries
  • Legendary food scene 
  • Big sports city with the Houston Astros, Dynamo, Rockets and Texans
  • Museums, NASA, Houston Zoo
  • Houston Livestock Show and Rodeo is the largest livestock exhibition and rodeo in the world

    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: 1614


    Property Specifications2
     Bedrooms4
     Bathrooms2
     Square Feet1,824
     Year Built2008
     Garage Size2
     Schools Rating (on scale of A-F)B

    Purchase AssumptionsMy Offer
    Offer used for analysis$258,000
    Suggested offer (low)$258,000
    Suggested offer (high)$265,000
    Asking$263,000
    Market Value (after improvements)$258,000
    Improvements (lower)$2,000
    Improvements (upper)$3,500
    Closing Costs$2,600
    Mortgage Costs$2,600
    Other Fees At Closing 
    Total Cost $265,950

    Financial AssumptionsMonthlyYearly
    Rent (upper)$1,875$1,900$22,800
    Rent (lower)$1,850$22,200
     Property Tax Rate (Approx.)2.2% 
     Property Taxes$350$4,209
     Insurance$120$1,440
     Repairs$75$900
    Variable-Cost PMFlat Fee 
    Property Management Fee$100$1,200
     Leasing Fee80%$62.5$750
     HOA$18$220
     Vacancy Rate4.0% 
     Total Fixed Expenses$797$9,558
     Total Expenses (Fixed + Mortgage)$1,720$20,644

    Financial Analysis / Deal Attractiveness    
    Years:5101520
     Cap Rate3.3%4.3%5.3%6.4%
     Net Cash Flow$11,923$30,855$57,528$92,745
     Equity Increase$74,381$164,956$275,254$409,567
     Total Gain$86,303$195,812$332,781$502,312
          
     Average Cash Flow/Year$2,385$3,086$3,835$4,637
     Average Cash Flow/Month$199$257$320$386
     Average Gain/Year$17,261$19,581$22,185$25,116
     Average ROI119.1%270.3%459.3%693.3%
     Annual ROI23.8%27.0%30.6%34.7%
     Projected Property Value$313,896$381,903$464,643$565,310

    Property Ratings Suggestions
     Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
    INSUFFICIENT
     Schools  BBFAVORABLE
     Square Feet 10001,824FAVORABLE
     Bedrooms 34FAVORABLE
     Bathrooms 22FAVORABLE
     Year Built 19702008FAVORABLE
     Rent/Price (%) 0.75%0.74%INSUFFICIENT
     Average Cash Flow (at year 5)$125$199FAVORABLE
     Average ROI (at year 5)15%23.8%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.