1066 Lamonte Lane, Houston, TX 77018

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Michael Stavinoha

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

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1066 Lamonte Lane

Houston, TX 77018

$320,000

  • Sold
  • |
  • Single-Family
  • |
  • 67 Days on Market
  • BF
    Buy & Flip
  • 2 Bed(s)
  • 1 Full Bath(s)
1 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

$75,176

Net Profit

7.71%

ROI

Overview

Total Cash Investment

$975,515

Holding Period

6 Months

Rehab/Renovation Costs

$550,000

After Repair Value (ARV)

$1,100,000

Financing Type

Hard/Private Money

Risk Level

Very Low

Investment Performance

Net Profit

$75,176

Annualized ROI

$15.42%

Return-On-Investment

7.71%

Holding Costs

Total Loan Cost

$49,309

Monthly Loan Interest

$5,057

Cost Per Month

$6,259.80

Cost Per Week

$1,564.95

Cost Per Day

$223.56

Cost of Points

$18,965

Monthly Expenses

$1,202

Project Timetable

Month

Arv

Total Cash Investment

Total Loan Cost

Net Profit

Roi

0 $1,100,000 $968,300 $18,965 $112,735 11.64%
1 $1,100,000 $969,502 $24,022 $106,476 10.98%
2 $1,100,000 $970,705 $29,080 $100,215 10.32%
3 $1,100,000 $971,907 $34,137 $93,956 9.67%
4 $1,100,000 $973,110 $39,194 $87,696 9.01%
5 $1,100,000 $974,312 $44,252 $81,436 8.36%
6 $1,100,000 $975,515 $49,309 $75,176 7.71%
7 $1,100,000 $976,717 $54,366 $68,917 7.06%
8 $1,100,000 $977,920 $59,424 $62,656 6.41%
9 $1,100,000 $979,122 $64,481 $56,397 5.76%
10 $1,100,000 $980,325 $69,539 $50,137 5.11%
11 $1,100,000 $981,527 $74,596 $43,877 4.47%
12 $1,100,000 $982,729 $79,653 $37,618 3.83%

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

Rental (0)

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Property Details

Property Type:

Single-Family

Bed(s):

2

Full-Bath(s):

1

Half-Bath(s):

0

Building Sqft:

1173

Lot Size:

6070

Tax Rate:

2.5256

County:

Harris

Listing Information

List Price:

$320,000

List Status:

Sold

MLS Number:

11254266

Days on Market:

67

Property Description

Move-in ready! Charming and quaint home in wonderful Garden Oaks location. Ideal rental investment or reside in now as you plan your new construction. Pine wood floors throughout & tile in kitchen and bath. Ample cabinetry and Silestone counter space in kitchen. 2 Bedroom+Extra Room/1Bath/1GAR & CP. AC coil replaced & R-22 conversion in 6/2017 & condenser unit in 8/2014. Exterior work by Handyman 9/2018 ($2,800). Also available for lease at $1,750 per month. For lease: ML#36218397