Two beautiful homes at convenient and desirable locations in Houston

HOUSE #1
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A beautifully updated 4-bedroom, 2-story ready for a quick move-in!
Every single room has received improvements, even areas you won't see, like the HVAC system that received a tune-up when it was serviced in July of this year!
The current owner has even scheduled a brand new fence to be installed the 25th of this month (weather permitting)!!
You'll absolutely fall in love with the open concept of this home that lends itself to a casual, comfortable life-style.
The back yard is exceptionally large, offering room for fun and frolic with still enough room for a vegetable garden!!
Location makes for a quick commute across town!
Property Specifications1
 Bedrooms4
 Bathrooms2.5
 Square Feet1,895
 Year Built1979
 Garage Size2

Purchase AssumptionsMy Offer
Asking$274,500
Suggested offer (low)$260,000
Suggested offer (high)$267,500
Suggested offer (options)$267,500
 Market Value (after improvements)$280,000
 Improvements (lower)$2,500
 Improvements (upper)$5,500
 Closing Costs$3,000
 Mortgage Costs$3,000
 Total Cost $277,500
Financing Assumptions 
 Down Payment (%)25%
 Down Payment Amount$66,875
 Financed Amount$200,625
 Interest Rate3.40%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$890
 Cash Outlay (Total Out of Pocket)$76,875

Financial AssumptionsMonthlyYearly
Rent (upper)$1,825$1,900$22,800
Rent (lower)$1,750$21,000
 Property Tax Rate (Approx.)2.30%$4,480
 Property Taxes$300$3,600
 Insurance$95$1,140
 Repairs$75$900
Variable-Cost PM0.0% 
Property Management Fee$100$1,200
 Leasing Fee80%$40.6$487
 HOA$42$500
 Vacancy Rate4.0% 
 Total Fixed Expenses$722$8,659
 Total Expenses (Fixed + Mortgage)$1,611$19,335

Financial Analysis / Deal Attractiveness
Years:510
 Cap Rate4.0%5.0%
 Net Cash Flow$15,524$38,221
 Equity Increase$81,644$180,313
 Total Gain$97,169$218,534
   
 Average Cash Flow/Year$3,105$3,822
 Average Cash Flow/Month$259$319
 Average Gain/Year$19,434$21,853
 Average ROI126.4%284.3%
 Annual ROI25.3%28.4%
 Projected Property Value$340,663$414,468

What's nextEmail/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction. 

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code 16710


HOUSE #2
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Beautiful two-story home features a stone & brick facade, open living spaces, four bedrooms & 3 full bathrooms.
The kitchen boasts granite countertops, upgraded stainless steel appliances, 42″ cabinetry, an under-mount sink, breakfast bar, and laminate wood flooring that continues through the family room & dining room.
The master suite features a tray ceiling with crown molding, oversized shower & walk-in closet.
Game room upstairs.
Enjoy lovely sunsets with a one-of-a-kind friendly backyard.
Conveniently located minutes from Hwy 6, 290, shopping, restaurants, & more.
Property Specifications1
 Bedrooms4
 Bathrooms3
 Square Feet2,076
 Year Built2017
 Garage Size2

Purchase AssumptionsMy Offer
Asking$270,000
Suggested offer (low)$260,000
Suggested offer (high)$265,000
Suggested offer (options)$260,000
 Market Value (after improvements)$270,000
 Improvements (lower)$3,500
 Improvements (upper)$5,500
 Closing Costs$3,500
 Mortgage Costs$3,500
 Total Cost $271,500

Financing Assumptions 
 Down Payment (%)25%
 Down Payment Amount$65,000
 Financed Amount$195,000
 Interest Rate3.40%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$865
 Cash Outlay (Total Out of Pocket)$76,500

Financial AssumptionsMonthlyYearly
Rent (upper)$1,950$2,000$24,000
Rent (lower)$1,900$22,800
 Property Tax Rate (Approx.)2.68%$5,743
 Property Taxes$479$5,743
 Insurance$95$1,140
 Repairs$75$900
Variable-Cost PM0.0% 
Property Management Fee$100$1,200
 Leasing Fee80%$43.3$520
 HOA$41$495
 Vacancy Rate4.0% 
 Total Fixed Expenses$907$10,888
 Total Expenses (Fixed + Mortgage)$1,772$21,265

Financial Analysis / Deal Attractiveness
Years:510
 Cap Rate3.5%4.3%
 Net Cash Flow$13,226$33,228
 Equity Increase$78,889$174,225
 Total Gain$92,115$207,453
   
 Average Cash Flow/Year$2,645$3,323
 Average Cash Flow/Month$220$277
 Average Gain/Year$18,423$20,745
 Average ROI120.4%271.2%
 Annual ROI24.1%27.1%
 Projected Property Value$328,496$399,666

What's nextEmail/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction. 
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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. 

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