Category: Houston Lessons
Houston, TX Real Estate Investing - Price Per Sq Ft Analysis on Houston Deal
September 5th, 2008Here's another Houston property that was submitted by a user that we will use as a teaching tool for our Houston, Texas Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 2942 Loganberry Park Ln, Houston, TX 77014.
Let's look at this 3 bedroom, 2.50 bathroom property located at 2942 Loganberry Park Ln that has an asking price of $70,200.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $84,240 (120%) | $51.87/square foot |
| $80,730 (115%) | $49.71/square foot |
| $77,220 (110%) | $47.55/square foot |
| $73,710 (105%) | $45.39/square foot |
| $70,200 Full Price | $43.23/square foot |
| $66,690 (95%) | $41.07/square foot |
| $63,180 (90%) | $38.90/square foot |
| $59,670 (85%) | $36.74/square foot |
| $56,160 (80%) | $34.58/square foot |
As you can see from the table above, if you know what a typical Houston property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Also, don't forget to check out the new Real Estate Investor Cookbook where I share with you the systems, checklists and other resources that you need to successfully invest in real estate in Houston. In the Real Estate Investor Cookbook, you will find my daily real estate investing checklist as well as additional checklists that I personally use to manage my own real estate investments.
Keep on investing Houston,
James
Karen Ternois, Realtor
Prudential Gary Greene, Realtors
(832) 858-0909 (Phone) | (281) 778-8348 (Fax)
karent@garygreene.com (Email)
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