SUBJECT-TO DEAL – HUMBLE, TX

  Property Overview:

  – Address: 19906 Rising Star Dr, Humble, TX 77338

  – Type: Single Family Residence

  – Size: 3 Bed / 2 Bath, 1,388 sqft

  – Lot Size: 5,288 sqft (0.12 acres)

  – Year Built: 1983

  – Construction: Masonry/Concrete Block

  – Foundation: Slab

  – Garage: 2-Car Garage (480 sqft)

  – Features: 2-Story, Fireplace, Cul-de-sac location

  Property Highlights:

  – Located in desirable Mill Creek subdivision, Humble TX

  – Just 20 minutes from downtown Houston and The Woodlands

  – Close to Bush Intercontinental Airport (IAH) – great for corporate rentals

  – Easy access to FM 1960, US-59, and Beltway 8

  – NO HOA – perfect for investors with maximum flexibility

  – Strong rental market with multiple income strategies

  – Quiet cul-de-sac location with mature trees and spacious backyard

  – Recent major updates: Foundation repair, AC system, and water heater (all 2022)

  – Fresh interior and exterior paint completed

  – Motivated seller situation

  SUBJECT-TO DEAL STRUCTURE:

  Current Mortgage Details:

  – Existing Mortgage Balance: $200,943

  – Monthly PITI Payment: $1,688.13 (includes taxes, insurance)

  – Interest Rate: 4.68% FHA Assumable Loan

  – Loan Maturity: 2052 (28+ years remaining)

  Investment Requirements:

  – Cash to Seller at Closing: $11,389.70

  – Cash to Agent: $5,250

  – Assignment Fee: $5,000

  – Take over existing mortgage payments: $1,688.13/month

  – Total Cash Investment: $21,639.70

  NO BANK FINANCING NEEDED!

  – No credit checks or income verification

  – No loan applications or lengthy approval process

  – Close in 30 days or less

  – No repair inspections or financing contingencies

  RECENT COMPARABLE SALES:

  – 19822 Woodhall Ct — 3/2, 1,572 sqft, move-in ready, sold for $220,000 (5 months ago)

  – 20114 Cottonglade Ln — 4/2, 1,512 sqft, move-in ready, sold for $189,900 (5 months ago)

  – 8115 Swan Meadow Ln — 3/2, 1,226 sqft, as-is condition, sold for $182,500 (3 months ago)

  – 19819 Woodhall Ct — 3/2, 1,248 sqft, needed roof/repairs, sold for $189,000 (4 months ago)

  MULTIPLE EXIT STRATEGIES:

  Strategy 1: Long-Term Rental (LTR)

  – Monthly PITI Payment: $1,688.13

  – Long-Term Rent Income: $1,750/month

  Strategy 2: Rent-by-Room Strategy

  – Monthly PITI Payment: $1,688.13

  – Rent per Room Income: $2,250/month

  Strategy 3: Mid-Term Rental (MTR)

  – Monthly PITI Payment: $1,688.13

  – Mid-Term Rental Income: $2,550/month

  Strategy 4: Short-Term Rental (STR)

  – Monthly PITI Payment: $1,688.13

  – STR Income (AirDNA): $2,400/month

  Strategy 5: Owner Finance/Wrap

  – Sell with owner financing at 7.5% interest rate

  – Monthly PITI Payment: $1,688.13

  – Owner Finance Payment (7.5%): ~$2,100/month

  – Monthly Spread: ~$412/month

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