5722 W 43rd St - Appraisal in Hand for $464k
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5722 W 43rd St - Appraisal in Hand for $464k
2,051 SF Specialty Building Offered at $399,000 in Houston, TX 77092
Investment Highlights
- Listed 15% BELOW appraised Value
- Gain Instant equity upon purchase
- Already Renovated - No work to be done
Executive Summary
Owner selling to move money to larger project, hence why they are willing to sell below appraisal value of $464k (as of October 18). See $464k appraisal on attachments. Happy to provide full official appraisal report upon executed contract.
Renovated Oak Forest home. 4 bed/2.5 bath with open floor plan, large 2 car garage (new motor systems), and backyard storage/workshop (~60 sqft). Recent renovations include but not limited to new: recess can lighting and light fixtures, stone countertops, flooring, plumbing fixtures, freshly painted, walk-in master shower, etc. Newer roof/HVAC/water heater all in great shape and updated stainless steel appliances. Never flooded nor any plumbing issues during any freezes. Close to Downtown and easy access to major highways (610, 290, I-10).
Renovated Oak Forest home. 4 bed/2.5 bath with open floor plan, large 2 car garage (new motor systems), and backyard storage/workshop (~60 sqft). Recent renovations include but not limited to new: recess can lighting and light fixtures, stone countertops, flooring, plumbing fixtures, freshly painted, walk-in master shower, etc. Newer roof/HVAC/water heater all in great shape and updated stainless steel appliances. Never flooded nor any plumbing issues during any freezes. Close to Downtown and easy access to major highways (610, 290, I-10).
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$27,000
|
$13.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$27,000
|
$13.16
|
| Taxes |
$6,500
|
$3.17
|
| Operating Expenses |
$2,000
|
$0.98
|
| Total Expenses |
$8,500
|
$4.14
|
| Net Operating Income |
$18,500
|
$9.02
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $27,000 |
| Annual Per SF | $13.16 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $27,000 |
| Annual Per SF | $13.16 |
| Taxes | |
|---|---|
| Annual | $6,500 |
| Annual Per SF | $3.17 |
| Operating Expenses | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $0.98 |
| Total Expenses | |
|---|---|
| Annual | $8,500 |
| Annual Per SF | $4.14 |
| Net Operating Income | |
|---|---|
| Annual | $18,500 |
| Annual Per SF | $9.02 |
Property Facts
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Ruchi Mithal - Ruchi Mithal, Broker
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5722 W 43rd St - Appraisal in Hand for $464k
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