Houston Texas Investment Property

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Houston Investment Property
Stated Income Loans for Investment Property


 Lakeside Dr (Porter), Houston, 77365  [TTP]
1 Photo
Home for sale: Lakeside Dr (Porter), Houston, TX
   
Purchase Price: $139,000 Rental Income: $1,300
Bedrooms: 3 Property Tax: $237
Bathrooms: 2 Insurance/HOA: $111
Size: (sq ft) 1,386  Property Mgmt: $104
Price/Sq foot:  $100 Cash Flow: (Raw) $848
Year Built: 1971 Cap Rate: 7.3%
Parking: 2 Att Rent/Value Ratio: 0.9%
Neighborhood: B+ DealGrader™: 7.4
One story home in a great location!   Close to Grand Pkwy and minutes from US-59, The Woodlands, Anadarko & Exxon Campus!
 Lilleux Rd, Houston, 77067  [TTP]
1 Photo
Home for sale: Lilleux Rd, Houston, TX
   
Purchase Price: $142,000 Rental Income: $1,275
Bedrooms: 3 Property Tax: $227
Bathrooms: 2 Insurance/HOA: $108
Size: (sq ft) 1,616  Property Mgmt: $102
Price/Sq foot:  $88 Cash Flow: (Raw) $838
Year Built: 1960 Cap Rate: 7.1%
Parking: 2 Att Rent/Value Ratio: 0.9%
Neighborhood: B– DealGrader™: 7.3
Great Investment!  One story home in central location!  Close to I-45 and SH 249, near beltway 8 and minutes from Bush Airport.
 Berry Pine Dr (Spring), Houston, 77373  [TTP]
1 Photo
Home for sale: Berry Pine Dr (Spring), Houston, TX
   
Purchase Price: $125,000 Rental Income: $1,225
Bedrooms: 3 Property Tax: $264
Bathrooms: 2 Insurance/HOA: $129
Size: (sq ft) 1,367  Property Mgmt: $98
Price/Sq foot:  $91 Cash Flow: (Raw) $734
Year Built: 1975 Cap Rate: 7.0%
Parking: 2 Att Rent/Value Ratio: 1.0%
Neighborhood: A– DealGrader™: 7.4
Great Investment!  This property is currently being completely refurbished to a high standard!   Good location near Hardy Toll Rd, I-45 and minutes from FM 1960.
 Edenglen Dr (New Construction), Houston, 77049  [TTP]
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Home for sale: Edenglen Dr (New Construction), Houston, TX
   
Purchase Price: $164,900 Rental Income: $1,495
Bedrooms: 3 Property Tax: $295
Bathrooms: 2 Insurance/HOA: $94
Size: (sq ft) 1,692  Property Mgmt: $118
Price/Sq foot:  $97 Cash Flow: (Raw) $988
Year Built: 2017 Cap Rate: 7.2%
Parking: 2 Att Rent/Value Ratio: 0.9%
Neighborhood: B DealGrader™: 7.3
New Construction!   One story home in a great location near Sam Houston Tollway, close to I-10 and the 610 Loop.  Great Investment Property!

**12 Month Home Warranty Provided**
 Clover St (New Construction), Houston, 77051  [TTP]
2 Photos
Home for sale: Clover St (New Construction), Houston, TX
   
Purchase Price: $152,000 Rental Income: $1,395
Bedrooms: 3 Property Tax: $326
Bathrooms: 2 Insurance/HOA: $70
Size: (sq ft) 1,692  Property Mgmt: $110
Price/Sq foot:  $90 Cash Flow: (Raw) $889
Year Built: 2017 Cap Rate: 7.0%
Parking: 2 Att Rent/Value Ratio: 0.9%
Neighborhood: B DealGrader™: 7.3
* New Construction- expected completion by 6/30/17  * 12 month Builder Warranty provided  
* Just minutes from the Medical Center and NRG Statium  * Comps for newer construction in the area $170K
 Clover St (New Construction), Houston, 77051  [TTP]
1 Photo
Home for sale: Clover St (New Construction), Houston, TX
   
Purchase Price: $149,000 Rental Income: $1,375
Bedrooms: 3 Property Tax: $326
Bathrooms: 2 Insurance/HOA: $75
Size: (sq ft) 1,489  Property Mgmt: $109
Price/Sq foot:  $100 Cash Flow: (Raw) $865
Year Built: 2017 Cap Rate: 7.0%
Parking: 2 Att Rent/Value Ratio: 0.9%
Neighborhood: B DealGrader™: 7.3
2 story new construction property!  Expected completion is 6/30/17.   Located minutes from the Medical Center and NRG Stadium.   

12 Month Builder Warranty provivided
 Terrace Manor Dr, Houston, 77041  [TTP]
1 Photo
Home for sale: Terrace Manor Dr, Houston, TX
   
Purchase Price: $130,000 Rental Income: $1,300
Bedrooms: 3 Property Tax: $272
Bathrooms: 2 Insurance/HOA: $155
Size: (sq ft) 1,450  Property Mgmt: $103
Price/Sq foot:  $90 Cash Flow: (Raw) $770
Year Built: 1977 Cap Rate: 7.1%
Parking: 2 Att Rent/Value Ratio: 1.0%
Neighborhood: A– DealGrader™: 7.4
Two story house on a corner lot in a good central location!  Close to Sam Houston Toll Rd, I-10 and 290.  Great investment property!
 Lake Conroe Village (Montgomery), Houston, 77316  [TIH]
3 Photos
Home for sale: Lake Conroe Village (Montgomery), Houston, TX
   
Purchase Price: $262,000 Rental Income: $2,400
Bedrooms: 6 Property Tax: $332
Bathrooms: 4 Insurance/HOA: $115
Size: (sq ft) 2,342  Property Mgmt: $192
Price/Sq foot:  $112 Cash Flow: (Raw) $1,761
Year Built: 2017 Cap Rate: 8.1%
Parking: Street Rent/Value Ratio: 0.9%
Neighborhood: A– DealGrader™: 7.4
Brand New Multi-family!  Estimated completion May 2017!!  This community is only a few miles from the new Exxon World Headquarters as well as many other businesses and industries, it is also close to one of the largest lakes in Texas!

* Pre-construction pricing is currently being offered and is subject to change*
 The Village at Parkway Lakes (Richmond-FOURPLEX), Houston,   [FIG]
6 Photos
Home for sale: The Village at Parkway Lakes (Richmond-FOURPLEX), Houston, TX
   
Purchase Price: $640,000 Rental Income: $6,400
Bedrooms: 12 Property Tax: $1,544
Bathrooms: 8 Insurance/HOA: $600
Size: (sq ft) 6,800  Property Mgmt: $448
Price/Sq foot:  $94 Cash Flow: (Raw) $3,808
Year Built: 2018 Cap Rate: 7.1%
Parking: 4 Car Att Rent/Value Ratio: 1.0%
Neighborhood: A DealGrader™: 7.4
New Construction to be started in late Summer of 2017. Brand new town home style fourplexes in the Katy/Richmond area. Check out the school ratings on greatschools.org! This awesome school system attracts quality A class tenants to the area. That combined with brand new construction in a managed community will preserve your capital, maximize your Fannie Mae loans, and give you worry free cash flow! HOA is responsible for roof and exterior maintenance and upkeep, along with insuring and maintaining the common areas. Project will have a club house and swimming pool. Investor responsible for interior condo policy to insure "the walls in." Most investors secure this for approx $50/mo.

More Properties Coming Soon!

POPULATION GROWTH

  • Fourth largest city in the United States is well known as a center for energy, medicine, international business and technology.

JOB GROWTH

  • Houston recovered 201.9% of jobs lost since the last recession began. (BLS)

ECONOMY

  • Ranked the #1 labor market in the U.S by Biz Journals.
  • In 2012, the city was ranked #1 for paycheck worth by Forbes; and in late May 2013, Houston was identified as America's top city for employment creation.
  • In 2013, Houston was identified as the #1 U.S. city for job creation by the U.S. Bureau of Statistics after it was not only the first major city to regain all the jobs lost in the preceding economic downturn, but after the crash, more than two jobs were added for every one lost. Economist and vice president of research at the Greater Houston Partnership Patrick Jankowski attributed Houston's success to the ability of the region's real estate and energy industries to learn from historical mistakes. Furthermore, Jankowski stated that "more than 100 foreign-owned companies relocated, expanded or started new businesses in Houston" between 2008 and 2010, and this openness to external business boosted job creation during a period when domestic demand was problematically low. Also in 2013, Houston again appeared on Forbes' list of Best Places for Business and Careers.

TAXES / COST OF LIVING

  • No personal or corporate state income tax.
  • Maximum state and city sales tax of 8.25%.

MISCELLANEOUS

  • Ranked the #1 best place to buy a home by Forbes.
  • The Port of Houston, located 50 miles inland from the Gulf of Mexico, is the second largest in the nation and the seventh largest in the world in both foreign and total tonnage.
  • The Houston Airport System is the fourth largest airport system in the United States. Houston's central location in the United States makes it a distribution hub for domestic as well as international markets.

Overview



Houston is an enormous city located in the state of Texas. With a population of 2,145,146 people and 605 constituent neighborhoods, Houston is the largest community in Texas.

Houston is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Houston is a city of sales and office workers, service providers and professionals. There are especially a lot of people living in Houston who work in office and administrative support (13.48%), sales jobs (11.02%) and management occupations (7.71%).

Houston, like many big cities in America, has a public transportation system, but the citizens of Houston are lucky because theirs is one of the most extensive and widely used. Many commuters choose to leave their cars at home and instead use the bus to get to and from work. In fact, for some people it is feasible to forgo car ownership entirely, avoiding the cost and headache of driving in heavy traffic. The benefits include reduced air pollution and load on the road network.

Houston Information and Demographics

In terms of college education, Houston is somewhat better educated than the 21.84% who have a 4-year degree or higher in the typical US community: 28.21% of adults 25 and older in the city have at least a bachelor's degree.

The per capita income in Houston in 2010 was $25,927, which is upper middle income relative to Texas and the nation. This equates to an annual income of $103,708 for a family of four. However, Houston contains both very wealthy and poor people as well.

Houston is an extremely ethnically-diverse city. The people who call Houston home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Houston residents report their race to be White, followed by Black or African-American. Houston also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 43.81% of the city’s residents. Important ancestries of people in Houston include German, English and Irish.

In addition, Houston has a lot of people living here who were born outside of the US (28.31%).

The most common language spoken in Houston is English. Some people also speak Spanish.


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Price Forecast for Houston, TX  (MSA)
6.9% 10.4% 13.9% 17.4%
Next 24 Months Next 36 Months Next 48 Months Next 60 Months

Metropolitan Statistical Area (MSA) represents the current U.S. defined sampling area or region for reporting data to various local and state governments.  MSAs may cross county and state lines to form a qualified statistical region.

Median Price Trends — Houston, TX
Market Inventory Trends — Houston, TX
Average Days on Market — Houston, TX
Market Action Index — Houston, TX

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Additional Statistics for Houston, TX
791,147 275,039 32 23 minutes
Number of Homes Homes
with Children
Median Age Average
Commute Time
Unemployment Rate Trends — Houston, TX
Unemployment Rate Trends - Houston, Texas
            Houston, Texas, National.   (Recessions shown as gray bars.)
Total Employment Trends — Houston, TX
Total Employment - Houston, Texas
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Houston, TX
Real Median Household Income Trends - Houston, Texas
            Houston, Texas, National.
Home Rent-to-Mortgage Payment Ratio — Houston, TX
Home Rent-to-Mortgage Payment Ratio - Houston, Texas

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Houston was 1.08 in December 2012.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


Note: Google's Street View images may be as much as two years old.





Please contact us for neighborhood specific information and demographics.

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