W Landlord Special…… Rents $1250… 9.74% Cash ROI…..6457 SBriarBayou Sold

  • $69,500
  • 3 beds
  • 3 baths
  • 1,564 sqft

Landlord Special

AREA:  (W) Bellaire  & S Dairy Ashford

COMPLEX: Crown Colony West

Townhome, 2 Story, 3/3/2carport

This home is virtually rent ready. We figure $4000 repairs

ARV: approx $95k

RENTS: $1,250

DROPBOX for Full Pictures, Comps & ROI Calculations

ROI Calculation
6457 S Briar Bayou Dr
Price Down Payment Down Payment
$69,500 All Cash Purchase 10% 20%
ARV $95,000 $95,000 $95,000
Cash down $69,500 $6,950 $13,900
Add: rehab (Paint and carpet 1,546 sf) 4,000 4,000 4,000
Add: closing costs (at Declaration Title) 1,000 1,000 1,000
Add: lender costs (Appraisal, Survey, Points etc.) N/A 4,000 4,000
Cash out $74,500 $15,950 $22,900
Monthy rent $1,250
Annual rent $15,000 $15,000 $15,000
Less: Taxes (HCAD: $76,566 x 2.88%) (2,205) (2,205) (2,205)
Less: Insurance (got quote) (887) (887) (887)
Less: Vacancy (One month rent) (1,250) (1,250) (1,250)
Less: Annual repairs (1,000) (1,000) (1,000)
Less: HOA annual dues (Covers all outside) (2,400) (2,400) (2,400)
Less: Annual Financing  ( 6.0%, for 30 years) N/A (4,544) (4,039)
Cash in $7,258 $2,714 $3,219
Cash on cash ROI: (Return on Investment) 9.74% 17.01% 14.06%
(Cash In/Cash out)
Total investment as a % of ARV 78.42% 16.79% 24.11%
(Cash out/ARV)
Chuck Hoskins
American Home Buyer
office: 713-660-7800
cell: 713-722-9944
choskins@ahb-usa.com
www.todayslistofhomes.com
Price:
$69,500
Address:
6457 S Briar Bayou Dr
Houston, TX 77072
Square Feet:
1,564
Bedrooms:
3
Bathrooms:
3
Terms:
For Sale
Property Type:
Home
Year Built:
1975

Additional Features

Please DO NOT DISTURB OCCUPANTS. Serious inquiries can contact our office to set an appointment to preview. This Property is offered as CASH or HARD MONEY ONLY, and is offered AS IS. Any Realtor fees must be added to our sale price. We require $3000 non-refundable earnest money and proof of funds to lock this property. Buyer pays all closing costs. We only use Declaration Title at 8584 Katy Freeway Suite 341, Houston, TX 77024. Also, please read disclaimer below.

Call (713) 660-7800 for more details

Property Location

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