Alder Circle in Houston

Name: Sales in Alder Circle started!
Start: 2020-08-03T12:33:46.398522+00:00
End: 2023-12-31T23:59:59+0000
Location: Alder Circle

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Project info

Object ID: 8388

Finished at	July 2019
Price, m²	From 2700$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 315.00 m²
Floors	2
Apartments	13
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

850,500$

Net profit

9,376$

Payback period

72.4 years

Avg property value increase per year

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About the project

Alder Circle is a new single family home development by Lovett Homes at 5401 Alder Circle, Bellaire. The development was completed in 2019.

Wonderful new development of 13 custom designed homes in the City of Bellaire. Each home will have Lovett's high end finishes, ECO-HIP designs and elegant exteriors. Alder Circle is located just off Bissonnet to the west of Chimney Rock.

Developer

LUXURY BY DESIGN Lovett Homes develops design-driven, amenity-rich homes in premium neighborhoods that enhance the lifestyles of our homeow…
Details about Lovett Homes