Alexandra Grove in Houston

Name: Sales in Alexandra Grove started!
Start: 2020-08-03T12:51:24.362914+00:00
End: 2023-12-31T23:59:59+0000
Location: Alexandra Grove

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Project info

Object ID: 8390

Finished at	June 2018
Price, m²	From 2500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 215.00 m²
Floors	4
Apartments	30
Building phase	Completed
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

537,500$

Net profit

9,376$

Payback period

45.7 years

Avg property value increase per year

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About the project

Alexandra Grove by Lovett Homes is a gated community of 30 homes with a variety of home plan options designed with luxurious and innovative details, enveloped in beautiful European architecture. Zoned to Memorial High School in the heart of Houston’s popular Spring Branch, our community is convenient to Galleria, Energy Corridor, Uptown Park, River Oaks, Galleria, the Heights, and the Medical Center. From the construction behind the walls… to the exquisite interiors…to the convenient location and prestigious schools, Alexandra Grove is a stunning and unparalleled value!

Developer

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