New builds with incentives in Houston

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New builds with incentives in Houston!


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House #1 [Code 22648]
Single Story with 4 Beds/2 Baths/2 Car Garage!
Foyer opens to roomy Living/Family Room!
Kitchen w/ 36″ Designer Cabinets, Sparkling Countertops, Breakfast/Dining Area, & Great Appliance Pkg!
Master Bedroom has Master Bath with Separate Tub & Shower and Walk-in Closet!
Resilient Vinyl Plank Flooring in Main & Wet Areas.
Walk-in Utility Room!
Fully Sodded Yards, Landscape Pkg!
Energy Efficient w/ 16 SEER HVAC System & MORE!
This home is currently under construction (expected to be ready by January 2022).
An approximate 30-40 minute drive to Houston.
Incentives
They are offering $3K in closing costs for this one and paying owner title policy.
All incentives are tied to using their preferred lender. Please note that these additional incentives can be used for closing costs or price reduction or a combination thereof.

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

Code: 22648

Property Specifications2
 Bedrooms4
 Bathrooms2
 Square Feet1538
 Year Built2021
 Garage Size2
 Schools Rating (on scale of A-F)B

Purchase AssumptionsMy Offer
Offer used for analysis$254,990
Suggested offer (low)$254,990
Suggested offer (high)$254,990
Asking$254,990
Market Value (after improvements)$320,000
Improvements (lower)$1,500
Improvements (upper)$2,000
Closing Costs$3,000
Mortgage Costs$3,000
Other Fees At Closing$0
Total Cost $262,740

Financial AssumptionsMonthlyYearly
Rent (upper)$1,850$1,900$22,800
Rent (lower)$1,800$21,600
 Property Tax Rate (Approx.)2.29% 
 Property Taxes$487$7,530
 Insurance$115$1,380
 Repairs$50$600
Variable-Cost PMFlat Fee 
Property Management Fee$100$1,200
 Leasing Fee80%$61.7$740
 HOA$67$800
 Vacancy Rate4.0% 
 Total Fixed Expenses$951$11,408
 Total Expenses (Fixed + Mortgage)$1,799$21,585

Financial Analysis / Deal Attractiveness
Years:510
 Cap Rate1.5%2.3%
 Net Cash Flow$5,275$16,394
 Equity Increase$89,329$197,379
 Total Gain$94,604$213,773
   
 Average Cash Flow/Year$1,055$1,639
 Average Cash Flow/Month$88$137
 Average Gain/Year$18,921$21,377
 Average ROI132.3%299.0%
 Annual ROI26.5%29.9%
 Projected Property Value$389,329$473,678


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House #2 [Code 20727]
NEW CONSTRUCTION!!
One story floor plan offers 3 spacious bedrooms and 2 baths.
Upgraded Granite and Slopped Ceilings.
HUGE kitchen, Open concept, large kitchen island.
His & hers closets.
2 flex rooms.
Irrigation System.
Immediate access to HWY 59, 30 minutes drive to Bush Intercontinental.
This home is currently under construction (expected to be ready by January 2022).
An approximate 30-40 minute drive to Houston.

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

Code: 20727

Property Specifications1
 Bedrooms3
 Bathrooms2
 Square Feet1951
 Year Built2021
 Garage Size2
 Schools Rating (on scale of A-F)B

Purchase AssumptionsMy Offer
Offer used for analysis$278,110
Suggested offer (low)$278,110
Suggested offer (high)$278,110
Asking$278,110
Market Value (after improvements)$278,100
Improvements (lower)$1,500
Improvements (upper)$2,000
Closing Costs$3,500
Mortgage Costs$3,500
Other Fees At Closing$0
Total Cost $286,860

Financial AssumptionsMonthlyYearly
Rent (upper)$2,275$2,300$27,600
Rent (lower)$2,250$27,000
 Property Tax Rate (Approx.)3.5% 
 Property Taxes$572$7,586
 Insurance$115$1,380
 Repairs$55$660
Variable-Cost PMFlat Fee 
Property Management Fee$100$1,200
 Leasing Fee80%$75.8$910
 HOA$63$750
 Vacancy Rate4.0% 
 Total Fixed Expenses$1,068$12,814
 Total Expenses (Fixed + Mortgage)$1,993$23,914

Financial Analysis / Deal Attractiveness
Years:510
 Cap Rate5.1%6.1%
 Net Cash Flow$19,884$47,615
 Equity Increase$82,065$181,219
 Total Gain$101,949$228,834
   
 Average Cash Flow/Year$3,977$4,761
 Average Cash Flow/Month$331$397
 Average Gain/Year$20,390$22,883
 Average ROI130.2%292.3%
 Annual ROI26.0%29.2%
 Projected Property Value$338,351$411,656

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.