5722 W 43rd St - $535k Appraisal in Hand 2,051 SF Specialty Building Offered at $389,900 in Houston, TX 77092

INVESTMENT HIGHLIGHTS

Listed 20% 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 significantly below appraisal value of $535k (as of May 1st). See $535k 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 (less than 6 years old) and updated stainless steel appliances. Never flooded nor any plumbing issues during any freezes. No foundation or structural issues. Close to Downtown and easy access to major highways (610, 290, I-10).

Oct Appraisal

5722 W 43rd Survey

FINANCIAL SUMMARY (PRO FORMA - 2025)	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 - 2025)

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

Price	$389,900	Building Class	B
Price Per SF	$190.10	Lot Size	0.18 AC
Sale Type	Investment or Owner User	Building Size	2,051 SF
Sale Conditions	1031 Exchange Sale Leaseback	No. Stories	1
Property Type	Specialty	Year Built/Renovated	1957/2022
Property Subtype	Residential Income
Zoning	None - Unrestricted

Price	$389,900
Price Per SF	$190.10
Sale Type	Investment or Owner User
Sale Conditions	1031 Exchange Sale Leaseback
Property Type	Specialty
Property Subtype	Residential Income
Building Class	B
Lot Size	0.18 AC
Building Size	2,051 SF
No. Stories	1
Year Built/Renovated	1957/2022
Zoning	None - Unrestricted