Perfect Humble / Kingwood area rental in a Cul De Sac. Excellent Equity Capture and Cashflow.
ARV: $226,000
Rental Rate: $1,975/Month
Rehab Estimate Range: $53,000 to $66,000
CASH RETURN RATE: 13.1%
Must Be Able to Close on/or before: November 30th 2018
| Hard money outputs | ||
| Gains and returns | ||
| Unrealized capital gain | 35,590 | |
| Annual cash flow | 4,824 | |
| Return on capital gain | 136% | |
| Cash-on-cash return | 18.5% | |
| Cash flow | ||
| Monthly rent | 1,966 | |
| Refi note payment | 976 | |
| Property tax | 405 | |
| Property ins | 154 | |
| Mortgage ins | 0 | |
| HOA | 29 | |
| TOTAL | 402 | |
| Cash out of pocket | ||
| Hard-money cash to close | 30,170 | |
| Hard-money holding cost | 1,701 | |
| Refi cash to close | 0 | |
| Refi cash back at closing | -5,732 | |
| TOTAL | 26,138 | |
| Mortgage | ||
| Hard-money loan amount | 158,200 | |
| Refi loan amount | 169,500 |
Call/Text Johell at 713-766-5416 for showing access.
SOLD COMPS:
| Street Address | City | Zip | Bed | Bath | Sq. Ft. | Garage | Lot Size | Year Built |
Units | Target Distance |
List Date | List Price | COE Date | Sold Price | ACT DOM | TOT DOM | SQFT Price | % of Valuation |
Image | |
| 2111 Rolling Meadows Drive | Kingwood | 77339 | 4 | 2.50 | 2648 | 2.00 | 0.24 | 1975 | 1 | 0.23 | 9/28/2018 | $229,900 | 10/25/2018 | $220,800 | 22 | 27 | $83.38 |
36.68 %
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|
| 2227 Pine River Drive | Kingwood | 77339 | 4 | 2.50 | 2815 | 2.00 | 0.21 | 1975 | 1 | 0.32 | 7/3/2018 | $269,900 | 8/1/2018 | $260,000 | 27 | 29 | $92.36 |
21.80 %
|
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|
| 2214 Pine River Drive | Kingwood | 77339 | 4 | 2.50 | 2692 | 2.00 | 0.22 | 1975 | 1 | 0.35 | 11/27/2017 | $234,000 | 6/15/2018 | $234,000 | 164 | 200 | $86.92 |
21.76 %
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|
| 2047 Parkdale Drive | Kingwood | 77339 | 3 | 2.50 | 2133 | 2.00 | 0.20 | 1977 | 1 | 0.34 | 5/9/2018 | $234,900 | 6/28/2018 | $223,000 | 12 | 50 | $104.55 |
19.76 %
|
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RENTAL COMPS:
| Street Address | City | Zip | Bed | Bath | Sq. Ft. | Garage | Lot Size | Year Built |
Units | Target Distance |
List Date | List Price | Leased Date | Leased Price | ACT DOM | TOT DOM | SQFT Price | Image |
|
||
| 2137 Parkdale Drive | Houston | 77339 | 4 | 2.50 | 2406 | 1.00 | 0.23 | 1976 | 1 | 0.12 | 8/13/2018 | $1,695 | 9/4/2018 | $1,695 | 11 | 22 | $0.70 |
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| 2123 Riverlawn Drive | Houston | 77339 | 4 | 2.50 | 2236 | 2.00 | 0.23 | 1975 | 1 | 0.17 | 6/13/2018 | $2,100 | 7/18/2018 | $2,100 | 20 | 35 | $0.94 |
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| 2143 Wilderness Point Drive | Kingwood | 77339 | 4 | 2.50 | 2494 | 2.00 | 0.18 | 1981 | 1 | 0.37 | 5/18/2018 | $1,900 | 8/6/2018 | $1,900 | 55 | 80 | $0.76 |
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Video Walkthrough:
WANT TO BE NOTIFIED OF NEW WHOLESALE DEALS? Call 281-688-1568
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Buyer Pays All Closing Costs. Please perform your own due diligence. Do Not Disturb Tenants.
First $5,000 Non-Refundable EM secures the property payable to Texas American Title.
Agents bring your buyers and add your commissions on top.
We are not brokers but principals through a purchase contract looking to assign equitable interest in the transaction or already own the property.
All of our properties are secured via memorandum of contract.
Is this deal for you? … Secure it in 5 easy steps. Call 713-766-5416 for showing access.
Step 1: Complete your own desktop due diligence after reviewing all the information provided and gathered.
Step 2: Obtain Proof of Funds statement from your Cash Account, Private Lender or Hard Money Lender.
Step 3: Obtain your Certified Funds $5,000 Non-Refundable Earnest money made payable to Texas American Title. We will not sign a Sales Agreement without earnest money.
Step 4: Submit the “Qualified Buyer for Showing” form below so that we can notify you of the showing. We will only entertain buyers with submitted form.
Step 5: View property, estimate your own repair costs, make your best offer and secure the deal!