Investment Opportunity

Investment Opportunity

House Hunters.com

4611, 4619, 4623 Brinkley, Houston , Tx 77051 (9 Units)

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PROPERTY DETAILS Type: Units: Sqft: Lot: Built:

Multi-family (7) 2 bed, 1 Bath & (2) 1 bed, 1 Bath 7651 (Avg 850) 3 lots x 9,075 1940 - 1970

PROPERTY OVERVIEW

_.,,

4623BrinkleyS1reet som,us, HOUSTON

CALCULATION OF PROFIT After Repaired Value:

$388,000

Sellers Asking Price:

$155,000

Estimated Rehab Costs: $124,000 Potential f Pro it:

$109,000

ARV*(After Rehab Value) is based on a Broker's price opinion. Broker is not an appraiser and does not claim to be one. Please verify numbers independently.

Outstanding Landlord Opportunity with (7) 2 bedroom, 1 Bath units and (2) 1 bedroom, 1 Bath units. Highest & Best 9 Opportunity is to Rehab and list with Section 8 to get Maximum Rent. See more details at www.AngelHouseHunters.com "Excellent cash flow property" Call Richard Wall 713-553-1331 for more information or to schedule an inspection.

ENTER DATA IN YELLOW FIELDS

Apartment Analysis Form

Property Address 4611, 4619 & 4623 Brinkley St Prop Class A/B/C C Area class Owner/contact Contact Phone Mortgages Current 1st Current 2nd

$ $

-

Offer Price Asking Price # Units $/Unit offer $/Unit asking

C

Rate Rate

$ $ $ $

Payment Payment

USE WHOLE DOLLAR AMOUNTS

155,000 160,000 9 17,222 17,778

$ $

Offer + rehab $ Asking + rehab $

279,000 284,000

offer + rehab $ asking + rehab $

31,000 31,556

- Assumable Y/N - Assumable Y/N

Unit Mix Subsidized Units No of Units 7 2 0 0 0 0 0 0 0 0 Total Units

Annual Operating Expense Analysis some All Bills Paid? Beds Baths Curr Rent/mo TTL Month rent Taxes Due next year $ 2 1 $900 $6,300 Insurance $ 1 1 $750 $1,500 Water & Sewer $ 0 0 $0 $0 Flood Insurance $ 0 0 $0 $0 Trash Removal $ 0 0 $0 $0 Electric $ 0 0 $0 $0 Gas $ 0 0 $0 $0 $ 0 0 $0 $0 Legal & Acct, license & permit $ 0 0 $0 $0 Management Fees $ 0 0 $0 $0 Onsite Payroll & benefits $ 9 Total Rent $7,800 Repairs & Maintenance $ *** never use less than 10% for vacancy; use true economic vacancy if known Supplies & Miscellaneous $ Total Income Analysis Pest Control $ Total Monthly Income ($/mo) $7,800 Telephone & Internet $ Total Gross Yearly Income (GYI) $93,600 Advertising/marketing $ Other Income $0 Yard & landscaping $ Total Gross Scheduled Income (GSI) $93,600 General Admin $ Vacancy % *** 10.00% $ 9,360 $84,240 Replacement Reserves $ Op Expenses 28.19% $ 26,385 Net Operating Income Cap Rate Asking Price N/A for low occupancy deals Cap Rate Offer Price N/A for low occupancy deals Cap Rate on Offer + Rehab N/A for low occupancy deals Debt Service Analysis Down Payment $ 1st Mortgage $ 2nd Mortgage Total $

55,800 223,200

Closing Costs Rate Rate

4.50% 0.00%

$57,855 $57,855 36.16% 37.33% 20.74% $

Term yrs Term yrs

Security Camara's monitored Contingency Other Total operating Expenses Total Expenses / GSI

rehab needed/deferred maint 15 30

1,800 4,000 26,385 28.19%

4.81% 0.53% 0.53% 1.28% 1.60% 1.28% 1.92% 4.27%

(1,707) -

"PMT(rate/12,Term*12,Amt)"

Total Total Annual Debt Service

$ $

(1,707) ($ / Mo) (20,490) ($ / Yr)

2.82

Cash Flow Analysis Net Operating Income Total Debt Service Cash Flow

$ $ $ $

57,855 20,490 37,365 3,114

($ / Yr) ($ / Yr) ($ / Yr) ($ / Mo)

Cash on Cash Return (CCR): 66.96% Market cap 14.00% MV/ARV = NOI / market cap MARKET VALUE based on market cap $ 413,250 Use MAO for low occ deals, where economic vac = >40%

MAO/door $

4,185 2,400 1,000 800 1,200 1,000 600 4,500 500 500 1,200 1,500 1,200

$124,000

Payment $ Payment $

223,200

Estimated DSCR

$ $ $ $

no

% of GSI 4.47% 2.56% 1.07% 0.85% 1.28% 1.07% 0.64%

16,068

MAO = maximum allowable offer

MAO $

144,613

MAO = (65% * ARV) - Rehab Cost

*** for MAO calculations, always use 10% vacancy on line 32

Value Plays/ notes This is a 9 unit Property w 7 (2bed,1bath )& 2(1bed,1bath) Highest & BEST is Buy, Rehab & Hold Section 8 for HIGHEST & BEST Income Potential!!! There is another slab in the back and front to build 2 more 2 bedroom, 1 bath units that would be an excellent $$$VALUE PLAY$$$ INCREDIBLE Cash Flow property can be bought and rehab for approx $279,000 & Cash Flow $3,000 to $5,000 a month Don't miss out on this INCREDIBLE Cash Flow Opportinity!!! *******Call Richard at 713-553-1331*******

Section 8 Comparative

#

Address

Subbdlv

Rent $1,050.00

BR

Bths

#Gar

Lot (Sqft)

Bldg(Sqft)

Year

Dom

3

1.5

1

6840

1008

1959

66

3

1

1

6,160

890

1955

11

1

5522 GROVETON ST, HOUSTON, 77033

Crestmont Sec 2

2

5231 MYRTLE WOOD ST, HOUSTON, 77033

Inwood Terrace

3

4408 Rosemont - Houston, TX 77051

Sunnyside Courts

$800.00

4

1

1

5,000

1075

1956

14

4

8924 Duane St. - Houston, TX 77051

Sunnyside

$1,078.00

3

1

-

-

-

1967

2

5

9410 Cofffee St. Unit A - Houston, TX 77033

Sunnyside Gardens

$900.00

2

1

-

3,785

785

1965

76

6

5746 Doulton Dr - Houston, TX 77033

Edgewood

1,050.00

3

1

-

6480

1017

1940

40

$950.00

MLS Comparative

7 8 9

9337 Fairland Dr Houston, TX 9310 Fairland Dr Houston, TX 4501 MAGGIE Houston, TX Average

Blueridge

$1,050

3

1

-

6500

1080

1950

-

Blueridge

$825

3

1

1

5500

792

1950

-

BLUE BONNET

$900

2/3

1

-

-

920

1930

-

2

1

1

5752.17

840.7

$955.9

# 1 2 3 4 5 6

Rent $1,050.00 $950.00 $800.00 $1,078.00 $900.00 1,050.00

7 8 9

$1,050 $825 $900

Address 5522 GROVETON ST, HOUSTON, 77033 5231 MYRTLE WOOD ST, HOUSTON, 77033 4408 Rosemont - Houston, TX 77051 8924 Duane St. - Houston, TX 77051 9410 Cofffee St. Unit A - Houston, TX 77033 5746 Doulton Dr - Houston, TX 77033 MLS COMPS 9337 Fairland Dr Houston, TX 9310 Fairland Dr Houston, TX 4501 MAGGIE Houston, TX

5522 GROVETON ST, HOUSTON, 77033 Property Details •Type: House • Beds: 3 • Baths: 1.5 • Rent: $1,050.00 • Deposit: $1,050.00

Listed: 8/8/2016 • Date Available: NOW • Year Built: 1959 • Is Negotiable: No • Square Feet: 1008 • Pets Allowed: No

5231 MYRTLE WOOD ST, HOUSTON, 77033 Property Details •Type: House • Beds: 3 • Baths: 1 • Rent: $950.00 • Deposit: Negotiable

Listed: 10/03/2016 • Date Available: 11/01/16 • Year Built: 1955 • Is Negotiable: No • Square Feet: 890 • Pets Allowed: Yes

4408 ROSEMONT, HOUSTON, TX 77051 Property Details •Type: House • Beds: 4 • Baths: 1 • Rent: $800.00 • Deposit: $800.00

Listed: 09/30/2016 • Date Available: 10/05/2016 • Year Built: 1956 • Is Negotiable: No • Square Feet: 1,075 • Pets Allowed: No

8924 DUANE ST., HOUSTON, TX 77051 Property Details •Type: House • Beds: 3 • Baths: 1 • Rent: $1,078.00 • Deposit: $1,000.00

Listed: 10/12/2016 • Date Available: 10/11/2016 • Year Built: 1967 • Is Negotiable: No • Square Feet: • Pets Allowed: No

9410 COFFFEE ST. UNIT A - HOUSTON, TX 77033 Property Details •Type: Duplex • Beds: 2 • Baths: 1 • Rent: $900.00 • Deposit: $900 (Negotiable)

Listed: 7/28/2016 • Date Available: 09/02/2016 • Year Built: 1965 • Is Negotiable: No • Square Feet: 785 • Pets Allowed: No

5746 DOULTON DR., HOUSTON, TX 77033 Property Details

Listed: 09/04/2016

•Type: House • Beds: 3 • Baths: 1 • Rent: $1,050.00 • Deposit: $1,050

• Date Available: 09/23/2016 • Year Built: 1940 • Is Negotiable: No • Square Feet: 1,017 • Pets Allowed: No

10/25/2016

Buyer Short Report

Rentals

ML #: 80845514 Sale ML #:

Status: OP

Class: SGL

LP: $1,050

County: Harris

KM: 573B

Area: 3 - Southeast

LP/SF: $0.97 SP/SF: $0.00 Zip: 77051 -3114

Addr: 9337 Fairland Unit#: Dr

City: Houston

Sub: Blueridge

Year Built: 1950 /Appraisal District

Listing Firm: TAS Realty Group SqFt: 1080 Stories: 1 /Appraisal District Type: Free Loft: No Standing Pets Allowed: Not Garage: 0 / Allowed

# Bedrooms: 3 /

FB/HB: 1 /0

Lot Size: 6500 /Appraisal District Terms: Long Term, One Year, Section 8

Date Avail: 8/22/2016

Media: 7 / Docs Photo Gallery Dir: Take 288 Southbound exit Reed Rd. Take Reed Rd to Rosehaven; make a right. Make a Left on Tangerine. Then a Right on Fairland Remarks: 3 bedrooms retreat located in a quiet neighborhood. Central A/C unit - under a year old. Full of character. Full washer and dryer connections. Washer and Dryer included. Covered 3 car carport with the ability to fit more. Corner lot. Large backyard

Rentals Class: SGL

ML #: 71041865 Sale ML #:

Status: S SP/LP Ratio: 1.09

County: Harris

KM: 573B

Area: 3 - Southeast

Addr: 9310 Fairland Unit#: Dr

City: Houston

Sub: Blueridge Sec 01

Year Built: 1950 /Appraisal District

LP: $825* SP: $900 LP/SF: $1.04 SP/SF: $1.14 Zip: 77051 -3115 Close Date: 7/6/2016

Listing Firm: Melody Realty Company SqFt: 792 Stories: 1 # Bedrooms: 3 / FB/HB: 1 /0 /Appraisal District Type: Free Loft: No Lot Size: 5500 /Appraisal District Standing Garage: 1 Pets Allowed: Case By Date Avail: Terms: Section 8 /Attached Garage Case Basis 9/15/2015 Media: 10 Dir: 59 South to 288 exit Reed Road. Left on Reed Road, right on Rosehaven, left on Tangerine, right on Fairland Drive. Remarks: Freshly painted 3/1/1 with new carpet throughout. Nice fenced backyard for family entertainment.

Rentals Class: SGL

ML #: 82031740 Sale ML #:

Status: S SP/LP Ratio: 0.94

County: Harris

KM: 533y

Area: 3 - Southeast

Addr: 4501 MAGGIE Unit#: Sub: BLUE BONNET

City: HOUSTON Year Built: 1930 /Appraisal District

Listing Firm: Invest Houston Realty SqFt: 920 /Appraisal Stories: # Bedrooms: 2 / 3 District Type: Free Loft: No Lot Size: / Standing Pets Allowed: Not Garage: 0 / Terms: Section 8 Allowed

LP: $900 SP: $843 LP/SF: $0.98 SP/SF: $0.92 Zip: 77051 Close Date: 10/28/2015 FB/HB: 1 /0

Date Avail:

Media: 9 Dir: FROM BLT-8,Take ramp onto TX-288 N,Take the REED RD exit,Turn Right on REED RD,Turn Left on EDGAR ST Turn Right on MAGGIE ST,Arrive at 4501 MAGGIE ST on the Left Remarks: SEC-8 OK,

Mon, Oct 24, 2016 10:42 PM

Data Not Verified/Guaranteed by MLS Obtain signed HAR Broker Notice to Buyer Form

Prepared by: Richard Wall

http://harlistings.marketlinx.com/SearchDetail/Scripts/PrtBuy4/PrtBuy4.asp?emailGUID=064307bb-67e1-4630-9e75-272e86dd3609&AgentId=RWALL

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