9434 Sierra Dr Houston TX 77051 For Sale

  • $66,000
  • 3 beds
  • 1 baths
  • 1128 sqft

Excellent purchase in this upcoming area! Huge cashflow!

37.3 % Cash on Cash Return for a Rental Model!

We estimate repairs to range between $30k to $37k.

Call Johell at 281-972-6550 if interested for access.

First one to provide certified funds of $5k payable to Texas American title secures the deal!

ARV Sales Comps: $124,537

09/27/2018
$124,537          $110.41
AVE Result PREMISE LEVEL. Excellent
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
9405 Ashville Drive Houston 77051 3 1.00 1282 0.00 6600 1950 1 0.21 9/11/2017 $137,900 1/29/2018 $137,900 108 140 $107.57
35.12 %
  • 4
9333 Sierra Drive Houston 77051 3 1.00 840 1.00 0.13 1950 1 0.12 1/2/2018 $87,300 3/16/2018 $89,000 25 73 $105.95
33.24 %
  • 5
3421 Sunbeam Street Houston 77051 3 1.00 1008 2.00 11245 1955 1 0.29 8/14/2017 $109,900 2/8/2018 $109,900 85 178 $109.03
31.64 %
  • 6

 

Rental Comps: $1,267

09/27/2018
$1,267          $1.12
Rental Analysis
13 1 1
PREMISE LEVEL. Excellent
Estimated Low Rent: Estimated High Rent: Estimated Rental Price:
 

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
9421 Sierra Drive Houston 77051 3 1.00 840 1.00 5500 1954 1 0.04 9/29/2017 $1,000 10/23/2017 $1,000 24 24 $1.19
  • 1
9318 Sierra Drive Houston 77051 3 1.00 1168 1.00 0.13 1950 1 0.16 12/14/2017 $975 3/1/2018 $975 76 77 $0.83
  • 2
9334 Fairland Drive Houston 77051 3 1.50 1080 0.00 0.13 1950 1 0.13 4/13/2018 $1,100 8/25/2018 $1,100 73 134 $1.02
  • 3
9338 Sierra Drive Houston 77051 3 2.00 1124 0.00 6500 1950 1 0.11 10/30/2017 $1,200 11/15/2017 $1,200 14 16 $1.07
  • 4
9502 Chesterfield Drive Houston 77051 3 2.00 864 2.00 0.13 1955 1 0.10 7/6/2018 $1,250 7/19/2018 $1,200 12 13 $1.39
  • 9
3601 Corksie Street Houston 77051 3 1.00 900 1.00 6388 1950 1 0.45 9/11/2017 $1,050 11/1/2017 $1,220 38 51 $1.36
  • 11
3029 Sunbeam Street Houston 77051 3 2.00 1230 0.00 0.17 1955 1 0.35 4/22/2018 $1,250 6/30/2018 $1,400 16 69 $1.14
  • 12

Rental Analysis:

Rental
Temp to Perm Refinance
Gains and returns
Unrealized capital gain 3,605
annual cash flow 6,684
return on capital gain 20%
cash-on-cash return 37.3%
Cash flow
monthly rent 1,267
refi note payment 566
property tax 69
property ins+HOA 75
89 per Month plus 1st Month Rent Prorrated 0
Passive Net Cash Flow 557
Cash out of pocket
hard-money cash to close 12,917
hard-money holding cost 1,868
refi cash to close 3,146
TOTAL Out Of Pocket 17,932

 

Buyer Pays All Closing Costs. Please perform your own due diligence.

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.

Is this deal for you? … Secure it in 5 easy steps.

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!

Qualified Buyer for Showing Form

Qualified Buyer for Showing Form
  • This field is for validation purposes and should be left unchanged.
Price:
$66,000
Address:
9434 Sierra Dr
Houston, TX 77051
Square Feet:
1128
Lot Size:
5500
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1955
Const. Type:
Brick
MLS #:
N.A. - Off Market

Call 832-495-4522 for more details

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