700 Enid Street, Houston, TX 77009

Contact Agent

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Michael Stavinoha

Keller Williams Memorial
michaels@shapingrealestate.com
979) 320-4303

More Listings by this Agent

700 Enid Street

Houston, TX 77009

$439,900

  • Sold
  • |
  • Single-Family
  • |
  • 209 Days on Market
  • BF
    Buy & Flip
  • R
    Rental
  • 4 Bed(s)
  • 2 Full Bath(s)
2 Analysis Report(s) Available

Contact Agent

agent-logo.png

Michael Stavinoha

Keller Williams Memorial
michaels@shapingrealestate.com
979) 320-4303

Realtor Analysis

Buy & Flip (1)

View Detailed PDF Report

Buy & Flip

$70,541

Net Profit

11.87%

ROI

Overview

Total Cash Investment

$594,227

Holding Period

6 Months

Rehab/Renovation Costs

$80,000

After Repair Value (ARV)

$700,000

Financing Type

Hard/Private Money

Risk Level

Very Low

Investment Performance

Net Profit

$70,541

Annualized ROI

$23.74%

Return-On-Investment

11.87%

Holding Costs

Total Loan Cost

$35,232

Monthly Loan Interest

$4,306

Cost Per Month

$5,711.23

Cost Per Week

$1,427.81

Cost Per Day

$203.97

Cost of Points

$9,395

Monthly Expenses

$1,405

Project Timetable

Month

Arv

Total Cash Investment

Total Loan Cost

Net Profit

Roi

0 $700,000 $585,797 $9,395 $104,808 17.89%
1 $700,000 $587,202 $13,701 $99,097 16.88%
2 $700,000 $588,607 $18,008 $93,385 15.87%
3 $700,000 $590,012 $22,314 $87,674 14.86%
4 $700,000 $591,417 $26,620 $81,963 13.86%
5 $700,000 $592,822 $30,926 $76,252 12.86%
6 $700,000 $594,227 $35,232 $70,541 11.87%
7 $700,000 $595,633 $39,538 $64,829 10.88%
8 $700,000 $597,038 $43,844 $59,118 9.90%
9 $700,000 $598,443 $48,151 $53,406 8.92%
10 $700,000 $599,848 $52,457 $47,695 7.95%
11 $700,000 $601,253 $56,763 $41,984 6.98%
12 $700,000 $602,658 $61,069 $36,273 6.02%

Disclaimer: This report is intended for general guidance and information purposes only. The report provides estimates of the potential earnings or... read more

Rental (1)

View Detailed PDF Report

Rental

16.18%

Cash-on-Cash Return

Annually

$6,538

Avg. Cashflow

Annually

Overview

Total Investment

$123,616

Point of Sale

5 Years

Monthly Income

$3,500

Monthly Expenses

$3,212

Financing Type

Conventional

Investment Performance Based on the Point Of Sale date

Cash-on-Cash Return

16.18% Annually

Avg. Annual Cashflow

$6,538

Appreciated Home Value

$510,081

Total Net Cashflow

$32,690

Total ROI at Sale

53.03%

Equity

$108,202

Loan Summary

Monthly Payment

$1,926.47

Total Amount Paid

$693,525

Total Principal Paid

$331,920

Total Interest Paid

$361,605

Amortization Schedule

Disclaimer: This report is intended for general guidance and information purposes only. The report provides estimates of the potential earnings or... read more

More Listings by this Agent

Property Details

Property Type:

Single-Family

Bed(s):

4

Full-Bath(s):

2

Half-Bath(s):

0

Building Sqft:

1660

Lot Size:

5000

Tax Rate:

2.5264

County:

Harris

Listing Information

List Price:

$439,900

List Status:

Sold

MLS Number:

56690733

Days on Market:

209

Property Description

Heights cottage style 1 story, 7 rooms, 4 bedroom, with 2 full baths, and 1.5 car garage. Very large corner lot 5000 sq ft on Enid and Heslep with service alley road behind. Fantastic location 3.4 miles to One Shell Plaza and Federal building downtown, 8.2 miles to Methodist Hospital in Medical Center, and 3.9 miles to Rockefeller's theater on Washington street entertainment strip with all it's great restaurants. Fenced in large front and side yard for pets. Back yard facing service alley in the rear. Columns and archway offset dinning area. This property has never ever flooded since it was built in 1995. One owner home a school teacher who had the house built, who has lived in it, is selling it may and may move to the country, property is in great condition. The property is a very large rectangle 50 ft by 100 ft. One and a half car garage with large work area space included.