5th Ward Homes in Houston

Name: Sales in 5th Ward Homes started!
Start: 2020-08-03T12:17:14.807799+00:00
End: 2023-12-31T23:59:59+0000
Location: 5th Ward Homes

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Project info

Object ID: 8387

Finished at	March 2019
Price, m²	From 1670$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 150.00 m²
Floors	2
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

250,500$

Net profit

9,376$

Payback period

21.3 years

Avg property value increase per year

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Promos and discounts for 5th Ward Homes

About the project

These two and three-bedroom, 2 1/2 bath homes are available in attractive open floor plans. The air-conditioned area ranges from 1607 SF, not including the 2-car garage. Interior finishes include hardwood floors, quartz countertops, tiled baths, and custom cabinetry.

Pricing for these new homes starts in the $280,000s, depending on floor plan and amenities. You can schedule an appointment to tour a model. The sales office is now open at 4619 Lyons Avenue.

Developer

PARRA DESIGN GROUP, LTD. was founded in 1998 by Camilo Parra who is currently president of the company. He is a member of the American Ins…
Details about Parra Design Group, Ltd.