Property Report :

Houston

18747 Holly Way, Houston , TX 77084

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Real Estate Analysis

Created on: Apr 14, 2025

Author: CARIDAD REBOYRO

18747 Holly Way, Houston , TX 77084

Singlefamily: 6 rooms: 3 bedrooms , 2 bathrooms

Year built: 1999, Size: 2038 SF

Investment strategy: Rental Property

Purchase Price$ 200,000

Rent$ 1,599/mo

Monthly Cash Flow$ 800

Cash on Cash Return4.63 %

Financial Analysis

Cash on Cash Return	4.63 %
Internal Rate of Return (IRR)	7.32 %
Capitalization Rate	4.17 %
Gross Rent Multiplier (GRM)	11.99
Debt-coverage Ratio (DCR)	0.00
Operating Expense Ratio (OER)	50.00 %
After Repair Value	$ 230,000
Profit/Equity From Rehab	$ 22,700

Financial Breakdown

Purchase Price	$ 200,000
Purchase Costs	$ 2,300
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).	$ 207,300
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 207,300
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.	$ 0
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.	$ 207,300

Operating Analysis

Rent	$ 1,599/mo
Gross Operating Income (GOI)	$ 19,188
Total Expenses	$ 9,594
Net Operating Income (NOI)	$ 9,594
Annual Debt Service	$ 0
Cash Flow Before Taxes (CFBT)	$ 9,594
Income Tax Liability	$ 944
Cash Flow After Taxes (CFAT)	$ 8,650

Purchase Price	$ 200,000
Address	18747 Holly Way , Houston , 77084, TX
Year Built	1999
Type	Singlefamily
Size	2038 SF
Bedrooms	3
Bathrooms	2
Rooms Total	6

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.	$ 19,188
	$ 0
Total Gross Income	$ 19,188
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.	$ 0
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.	$ 19,188	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).
50% rule	$ 9,594	50.00 %
Total Expenses	$ 9,594	50.00 %
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.	$ 9,594	50.00 %

Cash Flow (Year 1)

Net Operating Income	$ 9,594	50.00 %
Annual Debt Service	$ 0	0.00 %
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.	$ 9,594	50.00 %
Income Tax Liability	$ 944	4.92 %
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.	$ 8,650	45.08 %

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).	50.00 %
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.	50.00 %

Year	0	1	2	3	4	5	6	7	8	9	10
Operational Analysis
Gross Scheduled Income	0	19,188	19,572	19,963	20,362	20,770	21,185	21,609	22,041	22,482	22,931
Vacancy Loss	0	0	0	0	0	0	0	0	0	0	0
Gross Operating Income	0	19,188	19,572	19,963	20,362	20,770	21,185	21,609	22,041	22,482	22,931
Expenses	0	9,594	9,786	9,982	10,181	10,385	10,593	10,804	11,020	11,241	11,466
Net Operating Income	0	9,594	9,786	9,982	10,181	10,385	10,593	10,804	11,020	11,241	11,466
Cash Flow
Repairs/Construction	5,000	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-207,300	9,594	9,786	9,982	10,181	10,385	10,593	10,804	11,020	11,241	11,466
Depreciation	0	5,818	5,818	5,818	5,818	5,818	5,818	5,818	5,818	5,818	5,818
Taxes	0	944	992	1,041	1,091	1,142	1,194	1,247	1,301	1,356	1,412
Cash Flow After Taxes	-207,300	8,650	8,794	8,941	9,090	9,243	9,399	9,558	9,720	9,885	10,054

Note: All amounts in the table above are in $

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