1111 Worthshire Street, Houston, TX 77008

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Michael Stavinoha

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

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1111 Worthshire Street

Houston, TX 77008

$299,900

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

$124,037

Net Profit

14.09%

ROI

Overview

Total Cash Investment

$880,485

Holding Period

6 Months

Rehab/Renovation Costs

$470,000

After Repair Value (ARV)

$1,050,000

Financing Type

Hard/Private Money

Risk Level

Very Low

Investment Performance

Net Profit

$124,037

Annualized ROI

$28.18%

Return-On-Investment

14.09%

Holding Costs

Total Loan Cost

$45,478

Monthly Loan Interest

$5,247

Cost Per Month

$6,428.85

Cost Per Week

$1,607.21

Cost Per Day

$229.60

Cost of Points

$13,993

Monthly Expenses

$1,181

Project Timetable

Month

Arv

Total Cash Investment

Total Loan Cost

Net Profit

Roi

0 $1,050,000 $873,397 $13,993 $162,610 18.62%
1 $1,050,000 $874,578 $19,241 $156,181 17.86%
2 $1,050,000 $875,760 $24,488 $149,752 17.10%
3 $1,050,000 $876,941 $29,736 $143,323 16.34%
4 $1,050,000 $878,123 $34,983 $136,894 15.59%
5 $1,050,000 $879,304 $40,231 $130,465 14.84%
6 $1,050,000 $880,485 $45,478 $124,037 14.09%
7 $1,050,000 $881,667 $50,725 $117,608 13.34%
8 $1,050,000 $882,848 $55,973 $111,179 12.59%
9 $1,050,000 $884,030 $61,220 $104,750 11.85%
10 $1,050,000 $885,211 $66,468 $98,321 11.11%
11 $1,050,000 $886,392 $71,715 $91,893 10.37%
12 $1,050,000 $887,574 $76,963 $85,463 9.63%

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):

1

Building Sqft:

1344

Lot Size:

9800

Tax Rate:

2.5264

County:

Harris

Listing Information

List Price:

$299,900

List Status:

Sold

MLS Number:

86409850

Days on Market:

237

Property Description

9800 SF LOT -oversized for this area!. Close to Hike and Bike Trail, Kroger, new restaurants, and new HEB under construction now. Many new Construction homes in this area and currently new ones being built. House would require structural repair. Sale is Lot Value only. Seller will not make repairs. Property took on water in Harvey. Make an appointment to walk property you will be surprised at the space here.