| marcus.siefert@realnetusa.com 2006-06-24, 5:25 pm |
| Property 1
This would be a great buy/fix/rent or sell and is located in the
Burbank Subdivision near E Parker Rd and Airline Dr of North Houston.
1750 sq.ft., 10,800 sq.ft. lot, 3/4 bed, 1.5 bath, Single Family Brick
Home.
After Repair Value = $136,000
Investors Cost = $87,500
Rehab Estimate = $19,000
Gross Margin after Rehab (CASH) = $28,236
Gross Margin after Financing = $20,022
Property 2
This would be a great buy/fix/rent or sell and is located in the
Creekwood Acres Subdivision of Spring near Stuebner-Airline Rd and
Huffsmith-Kuykendahl Rd of North Houston. This is a great opportunity
in a rural community with a big lot in North Houston.
1950 sq.ft., 19,900 sq.ft. lot, 4 bed, 2 bath, Single Family Brick
Home.
After Repair Value = $139,000
Investors Cost = $84,900
Rehab Estimate = $19,000
Gross Margin after Rehab (CASH) = $33,860
Gross Margin after Financing = $25,498
Property 3
This would be a great buy/fix/rent or sell located in the Oak Forest
Subdivision near W. 43rd St and HWY 290 of Northwest Houston.
1010 sq.ft., 7,300 sq.ft. lot, 3 bed, 1 bath, Single Family Home.
After Repair Value = $119,000
Investors Cost = $74,000
Rehab Estimate = $18,000
Gross Margin after Rehab (CASH) = $25,848
Gross Margin after Financing = $18,471
Property 4
This would be a great buy/fix/rent or sell. You could rent this out
and almost break even and hold on for appreciation since it is located
near the Heights area of Houston. The area is called Brooksmith and
the property is located in the Sapp Gardens Subdivision near Airline Dr
and W. Cavalcade St of Central Houston.
1000 sq.ft., 5200 sq.ft. lot, 3 bed, 2 bath, Single Family Home.
After Repair Value = $150,000
Investors Cost = $95,000
Rehab Estimate = $20,000
Gross Margin after Rehab (CASH) = $35,000
Gross Margin after Financing = $26,156
Property 5
This would be a great buy/fix/rent or sell. You could rent this out
and almost break even and hold on for appreciation since it is located
in the Heights area of Houston. The property is located in the Houston
Heights Gostick Subdivision near E 23rd and Main St of Central Houston.
1650 sq.ft., 6400 sq.ft. lot, 3 bed, 2 bath, Single Family Home.
After Repair Value = $274,000
Investors Cost = $187,000
Rehab Estimate = $25,000
Gross Margin after Rehab (CASH) = $59,995
Gross Margin after Financing = $44,984
Property 6
This is an ALL CASH DEAL and would be a great buy/fix/rent or sell.
The property is located in 4th Ave and 6th St in Texas City.
1000 sq.ft., 3000 sq.ft. lot, 2 bed, 1 bath, Single Family Home.
After Repair Value = $57,900
Investors Cost = $26,500
Rehab Estimate = $13,000
Gross Margin after Rehab (CASH) = $18,400
Property 7
This would be a great buy/fix/sell or you could put it in a corporate
lease, almost break even, and hold on for appreciation. This is a
historic home built in 1910 with a lot of potential in the heart of the
Heights area of Houston. The home has an old Victorian style feel with
12 foot ceilings, historic accents, new construction around it, and
alley access! It is a big project but if it is rehabbed nicely it
would payoff BIG! The rehab includes adding a second bath room and a
utility room to the back of the house which would add square footage.
1200 sq.ft., 6600 sq.ft. lot, 2 bed, 1 bath (will be a 2 bath), Single
Family Home.
After Repair Value = $325,000
Investors Cost = $217,500
Rehab Estimate = $50,000
Gross Margin after Rehab (CASH) = $57,500
Gross Margin after Financing = $40,036
Property 8
This would be a great buy/fix/sell located in the heart of the Oak
Forest Subdivision near W. 43rd St and Oak Forest Dr of Northwest
Houston. This house is a rare find being a 3 bed 2 bath home in Oak
Forest. Most homes are either 2 bed 2 baths or 3 bed 1 baths!!!
1580 sq.ft., 6600 sq.ft. lot, 3 bed, 2 bath, Single Family Brick Home.
After Repair Value = $190,000
Investors Cost = $117,000
Rehab Estimate = $27,000
Gross Margin after Rehab (CASH) = $44,408
Gross Margin after Financing = $33,534
Property 9
This duplex located in the centrally located Feldman Court subdivision
is a great buy/fix/rent opportunity. The house is just minutes from
the Medical Center, Downtown, and TSU and U of H. You would fix this
home, rent both units, cash flow some, and hold on for appreciation!
The area is experiencing 10% - 12% appreciation per year which is
phenomenal for the Houston area!!!
2650 sq.ft., 5750 sq.ft. lot, 4 bed, 2 bath, Brick Duplex.
After Repair Value = $266,000
Investors Cost = $172,000
Rehab Estimate = $33,500
Gross Margin after Rehab (CASH) = $58,583
Gross Margin after Financing = $43,966
Property 10
This would be a great buy/fix/rent or sell. This is a nice starter
home located in north/northeast Houston near Little York and N. Wayside
in the Northwood Manor Subdivision. You could also cash flow this
house anywhere from $75 - $175 p/month.
1220 sq.ft., 6600 sq.ft. lot, 3 bed, 1 bath, Single Family Brick Home.
After Repair Value = $80,000
Investors Cost = $39,500
Rehab Estimate = $16,500
Gross Margin after Rehab (CASH) = $23,120
Gross Margin after Financing = $17,664
Property 11
This is an ALL CASH DEAL and would be a great buy/fix/rent or sell.
The property is located in South Houston near Telephone Rd and Beltway
8 South. The house has been appraised at $124k!
1850 sq.ft., 10400 sq.ft. lot, 3 bed, 2 bath, Single Family Brick Home.
After Repair Value = $124,000
Investors Cost = $88,000
Rehab Estimate = $15,000
Gross Margin after Rehab (CASH) = $21,000
Property 12
This property located in the Spring Branch area of Houston near Blalock
Rd and Longpoint Rd is a great buy/fix/sell opportunity. The house is
a nice ranch style house on a good size lot and it has been appraised
at $215k!
2000 sq.ft., 12000 sq.ft. lot, 4 bed, 2 bath, Single Family Brick Home.
After Repair Value = $215,000
Investors Cost = $143,000
Rehab Estimate = $21,500
Gross Margin after Rehab (CASH) = $48,734
Gross Margin after Financing = $36,509
Please call Marcus anytime if you are interested in any of these great
investment properties! 713-252-0833
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