Property Report :

11807 Greencanyon Dr, Houston, TX 77044

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Real Estate Analysis

Created on: Apr 16, 2025

Author: Stefan Crawford

11807 Greencanyon Dr, Houston, TX 77044

Singlefamily: 5 rooms: 2 bedrooms , 1 bathroom

Year built: 1983, Size: 824 SF

Investment strategy: Rental Property

Purchase Price$ 75,000

Rent$ 1,110/mo

Monthly Cash Flow$ 421

Cash on Cash Return24.21 %

Financial Analysis

Cash on Cash Return	24.21 %
Internal Rate of Return (IRR)	22.46 %
Capitalization Rate	11.18 %
Gross Rent Multiplier (GRM)	5.63
Debt-coverage Ratio (DCR)	2.52
Operating Expense Ratio (OER)	31.55 %

Financial Breakdown

Purchase Price	$ 75,000
Purchase Costs	$ 875
Repair/Construction Costs	$ 5,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 80,875
Financing	$ 60,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 20,875
Cash at Closing Cash at Closing This number includes down payment and loan points. Cash at Closing This number includes down payment and loan points.	$ 15,000
Cash During Rehab Cash During Rehab Shows the cash amount remaining to fund the purchase and rehab/construction. Cash During Rehab Shows the cash amount remaining to fund the purchase and rehab/construction.	$ 5,875

Operating Analysis

Rent	$ 1,110/mo
Gross Operating Income (GOI)	$ 12,254
Total Expenses	$ 3,866
Net Operating Income (NOI)	$ 8,388
Annual Debt Service	$ 3,334
Cash Flow Before Taxes (CFBT)	$ 5,054
Income Tax Liability	$ 994
Cash Flow After Taxes (CFAT)	$ 4,060

Purchase Price	$ 75,000
Address	11807 Greencanyon Dr , Houston, 77044, TX
Year Built	1983
Type	Singlefamily
Size	824 SF
Bedrooms	2
Bathrooms	1
Rooms Total	5

Annual Property Operating Data

Incomes		% of GOI
Gross Scheduled Income Gross Scheduled Income (GSI) Represents the total of monthly rents for the particular property, including the potential rents from vacant units and uncollectable rents. Gross Scheduled Income (GSI) Represents the total of monthly rents for the particular property, including the potential rents from vacant units and uncollectable rents.	$ 13,320
Total Gross Income	$ 13,320
Vacancy loss Vacancy and Credit Loss Part of the potential rental income that is lost because of unoccupied units or uncollectable rent from tenants. Vacancy and Credit Loss Part of the potential rental income that is lost because of unoccupied units or uncollectable rent from tenants.	$ 1,066
Gross Operating Income Gross Operating Income (GOI) An actual income which is expected to be collected in the property. Gross Operating Income (GOI) An actual income which is expected to be collected in the property.	$ 12,254	100.00 %
Expenses Operating Expenses Expenses necessary for maintaining the property and ensuring its continued ability to produce income (doesn't include mortgage payments or depreciation). Operating Expenses Expenses necessary for maintaining the property and ensuring its continued ability to produce income (doesn't include mortgage payments or depreciation).
Property manager	$ 1,225	10.00 %
Insurance	$ 312	2.55 %
Repairs	$ 613	5.00 %
Property tax	$ 1,716	14.00 %
Total Expenses	$ 3,866	31.55 %
Net Operating Income Net Operating Income (NOI) Important measurement calculated as gross operating income minus operating expenses. Net Operating Income (NOI) Important measurement calculated as gross operating income minus operating expenses.	$ 8,388	68.45 %

Cash Flow (Year 1)

Net Operating Income	$ 8,388	68.45 %
Annual Debt Service	$ 3,334	27.21 %
Cash Flow Before Taxes (CFBT) Cash Flow All the inflows and outflows of cash for a certain property (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property. Cash Flow All the inflows and outflows of cash for a certain property (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property.	$ 5,054	41.24 %
Income Tax Liability	$ 994	8.11 %
Cash Flow After Taxes (CFAT) Cash Flow All the inflows and outflows of cash (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property. Cash Flow All the inflows and outflows of cash (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property.	$ 4,060	33.13 %

Operating Ratios

Operating Expense Ratio Operating Expense Ratio Ratio of the operating expenses to the gross operating income (GOI). Operating Expense Ratio Ratio of the operating expenses to the gross operating income (GOI).	31.55 %
Break-Even Ratio Break-Even Ratio (BER) Another benchmark used by mortgage lenders, estimating how vulnerable is a certain property to defaulting on its mortgage if part of the rental income is declined. Most of the lenders are looking for BER of 85% or less. Break-Even Ratio (BER) Another benchmark used by mortgage lenders, estimating how vulnerable is a certain property to defaulting on its mortgage if part of the rental income is declined. Most of the lenders are looking for BER of 85% or less.	58.76 %

Year	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26	27	28	29	30
Operational Analysis
Gross Scheduled Income	0	13,320	13,586	13,858	14,135	14,418	14,706	15,000	15,301	15,607	15,919	16,237	16,562	16,893	17,231	17,575	17,927	18,286	18,651	19,024	19,405	19,793	20,189	20,592	21,004	21,424	21,853	22,290	22,736	23,190	23,654
Vacancy Loss	0	1,066	1,087	1,109	1,131	1,153	1,177	1,200	1,224	1,249	1,273	1,299	1,325	1,351	1,378	1,406	1,434	1,463	1,492	1,522	1,552	1,583	1,615	1,647	1,680	1,714	1,748	1,783	1,819	1,855	1,892
Gross Operating Income	0	12,254	12,499	12,749	13,004	13,265	13,530	13,800	14,076	14,358	14,645	14,938	15,237	15,542	15,852	16,169	16,493	16,823	17,159	17,502	17,852	18,209	18,574	18,945	19,324	19,710	20,105	20,507	20,917	21,335	21,762
Expenses	0	3,866	3,943	4,022	4,103	4,185	4,269	4,354	4,441	4,530	4,620	4,713	4,807	4,903	5,001	5,101	5,203	5,307	5,414	5,522	5,632	5,745	5,860	5,977	6,097	6,219	6,343	6,470	6,599	6,731	6,866
Net Operating Income	0	8,388	8,556	8,727	8,902	9,080	9,261	9,447	9,635	9,828	10,025	10,225	10,430	10,638	10,851	11,068	11,289	11,515	11,746	11,980	12,220	12,464	12,714	12,968	13,227	13,492	13,762	14,037	14,318	14,604	14,896
Loan Payment	0	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334	3,334
Payment Interest Part	0	2,231	2,189	2,145	2,100	2,053	2,004	1,953	1,901	1,846	1,789	1,730	1,669	1,605	1,539	1,471	1,400	1,326	1,249	1,170	1,087	1,002	913	820	724	625	521	414	303	187	67
Payment Principal Part	0	1,103	1,145	1,189	1,234	1,282	1,330	1,381	1,434	1,489	1,545	1,604	1,666	1,729	1,795	1,864	1,935	2,008	2,085	2,165	2,247	2,333	2,422	2,514	2,610	2,710	2,813	2,921	3,032	3,148	3,268
Cash Flow
Repairs/Construction	5,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-20,875	5,054	5,222	5,393	5,567	5,745	5,927	6,112	6,301	6,494	6,690	6,891	7,095	7,304	7,517	7,734	7,955	8,181	8,411	8,646	8,886	9,130	9,379	9,634	9,893	10,158	10,427	10,703	10,983	11,270	11,562
Depreciation	0	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182
Taxes	0	994	1,046	1,100	1,155	1,211	1,269	1,328	1,388	1,450	1,513	1,578	1,645	1,713	1,782	1,854	1,927	2,002	2,079	2,157	2,238	2,320	2,405	2,491	2,580	2,671	2,765	2,860	2,958	3,059	3,162
Cash Flow After Taxes	-20,875	4,060	4,175	4,293	4,412	4,534	4,658	4,784	4,913	5,044	5,177	5,313	5,451	5,591	5,734	5,880	6,028	6,179	6,333	6,489	6,648	6,810	6,975	7,142	7,313	7,486	7,663	7,842	8,025	8,211	8,400

Note: All amounts in the table above are in $

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