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Castle Court in Houston

Name: Castle Court
Brand: Lovett Homes
SKU: 8395
Availability: InStock

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Project info

Object ID: 8395

Finished at	January 2019
Price, m²	From 2680$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 280.00 m²
Floors	4
Apartments	10
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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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

750,400$

Net profit

9,376$

Payback period

63.8 years

Avg property value increase per year

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About the project

Castle Court is our newest community in Montrose, within minutes of the Museum District, Texas Medical Center and Rice University. Enjoy a short commute to Downtown, Greenway Plaza and The Galleria. Plenty of restaurants and shopping within minutes. Relax at your neighborhood coffee shop located just one block away.

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