The Hawthorne in Houston

Name: Sales in The Hawthorne started!
Start: 2020-08-04T12:57:14.609422+00:00
End: 2023-12-31T23:59:59+0000
Location: The Hawthorne

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Project info

Object ID: 8417

Finished at	December 2020
Price, m²	From 800$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 1520.00 m²
Floors	17
Apartments	67
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Commercial area 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

1,216,000$

Net profit

9,376$

Payback period

103.4 years

Avg property value increase per year

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About the project

Named by the daughter of developer William Giddings Farrington for a favorite book - Tanglewood Tales - Tanglewood has blossomed into one of Houston's most desirable neighborhoods in the seven decades since Farrington set out to create an idyllic neighborhood replete with stunning homes, wide lawns and tree-lined streets.

In keeping with Farrington's original plan for the neighborhood, Pelican Builders and global Hall of Fame interior architect Lauren Rottet drew inspiration for the new 17-story high-rise from the surrounding beauty of its prime Tanglewood location. The iconic designer is placing a premium on green spaces throughout, including a layer of ivy that will completely envelop the perimeter, and the dramatic port-cochere surrounded by views of greenery.

Developer

With a portfolio that spans over thirty years, our principals are dedicated to making a house a home. We understand the fine balance between…
Details about Pelican Builders Inc