Towne Lake in Houston

Name: Sales in Towne Lake started!
Start: 2020-08-06T11:19:47.465118+00:00
End: 2023-12-31T23:59:59+0000
Location: Towne Lake

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Project info

Object ID: 8473

Finished at	September 2019
Price, m²	From 1960$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 395.00 m²
Floors	2
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness Pool 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

774,200$

Net profit

9,376$

Payback period

65.9 years

Avg property value increase per year

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About the project

We welcome you to a new wave of life infused with Texas spirit. Towne Lake reflects its Texas-sized appeal in a 300-acre lake, the 4th largest private recreational lake in the Greater Houston area. Connected trails, waterways and scenic coves allow neighbors easy access to the lake and the many amenities and destinations throughout, bonding the community together and creating a unique living experience. Towne Lake is a place where neighbors can work, play, raise children and leave a legacy for generations to come. Towne Lake is developing as the centerpiece of one of the region’s most sought-after areas in Northwest Houston. Bordered by 290, West Road and Barker Cypress Road, Towne Lake is right in the heart of the Cypress-Fairbanks area, surrounded by restaurants, shopping, as well as educational and recreational opportunities.