Houston Texas Investment Property

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Houston Investment Property
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 Gosling and Kuykendahl Rd (Spring, TX) Fourplex, Houston, 77379  [FIG]
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Home for sale: Gosling and Kuykendahl Rd (Spring, TX) Fourplex, Houston, TX
   
Purchase Price: $650,000 Rental Income: $6,600
Bedrooms: 12 Property Tax: $1,525
Bathrooms: 8 Insurance/HOA: $660
Size: (sq ft) 7,043  Property Mgmt: $330
Price/Sq foot:  $92 Cash Flow: (Raw) $4,085
Year Built: 2018 Cap Rate: 7.5%
Parking: 1 Car Att, 1 Car Det Rent/Value Ratio: 1.0%
Neighborhood: A+ DealGrader™: 5.1
Brand new fourplexes to be built in masterplanned development in Spring, TX.  Located in the Klein Independent School District and next to new Lowe's Hardware, Sprouts Market, Kroger Grocery Store, Cinemark Movie Theater and restaurants...all great amenities tenants love!  Construction to start in late 2017.  
 Bartlett Cove, Houston, 77067  [AREI]
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Home for sale: Bartlett Cove, Houston, TX
   
Purchase Price: $181,100 Rental Income: $1,500
Bedrooms: 3 Property Tax: $362
Bathrooms: 2.5 Insurance/HOA: $129
Size: (sq ft) 2,106  Property Mgmt: $120
Price/Sq foot:  $86 Cash Flow: (Raw) $889
Year Built: 2003 Cap Rate: 5.9%
Parking: 2 Att Rent/Value Ratio: 0.8%
Neighborhood: B DealGrader™: 7.1
Rehab complete!  Great opportunity for this large 3 bedroom 2.5 bath home in Green Oak Park!
 Allington Ct, Houston, 77014  [AREI]
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Home for sale: Allington Ct, Houston, TX
   
Purchase Price: $178,800 Rental Income: $1,500
Bedrooms: 3 Property Tax: $365
Bathrooms: 2 Insurance/HOA: $112
Size: (sq ft) 1,708  Property Mgmt: $120
Price/Sq foot:  $105 Cash Flow: (Raw) $903
Year Built: 2013 Cap Rate: 6.1%
Parking: 2 Att Rent/Value Ratio: 0.8%
Neighborhood: B– DealGrader™: 7.2
Beautifully remodeled 3 bedroom 2 bath home in the Silver Springs Subdivision!  Tenant in place and ready to go!
 Berry Pine Dr (Spring), Houston, 77373  [AREI]
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Home for sale: Berry Pine Dr (Spring), Houston, TX
   
Purchase Price: $154,300 Rental Income: $1,250
Bedrooms: 4 Property Tax: $270
Bathrooms: 2 Insurance/HOA: $85
Size: (sq ft) 1,430  Property Mgmt: $100
Price/Sq foot:  $108 Cash Flow: (Raw) $795
Year Built: 1975 Cap Rate: 6.2%
Parking: 2 Att Rent/Value Ratio: 0.8%
Neighborhood: A– DealGrader™: 7.2
Renovated and rented!  This 4 bedroom 2 bath home is located in the Timber Lane community of Spring!
 Lakeside Dr (Porter), Houston, 77365  [TTP]
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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]
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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.
 Terrace Manor Dr, Houston, 77041  [TTP]
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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!

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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