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The Roman

Single Family Rental in Houston, Texas
4 bedrooms • 3 bathrooms • 3,047 Sq. Feet

avatar
Property listed and underwritten by Joey
icon-hourglass
$10bn+ deployed

icon-real-estate-agent
$450,000 purchase price
The Roman appraised 4% above purchase price.
icon-bank
75.00% loan-to-value
Property financed with 7.875% interest only loan.
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$84,000 projected yearly rental income
Nearby properties average between $71K - $102.9K in yearly rent.

Nestled within a cul-de-sac street in the master-planned community of Summerwood, this 4 bed / 2.5 bath /3 car garage home comes fully-loaded with amenities. From its inviting front porch, stacked stone elevation to interior upgrades, spacious backyard equipped with a pool and spa hot tub, this single-story home is a vacation in itself.


Updates include a new HVAC system and furnace, new pool motor, replaced carpet, crown molding throughout the home, upgraded oversized tile and wood flooring, arches leading to the secondary bedrooms and dining room, and a brand-new oven. The pool/spa views are stunning from the Texas-sized den and open kitchen, offering the best of outdoor and indoor living. With over 3k square feet, the versatile floorplan offers a study with French doors, kitchen skylight, generously-sized secondary bedrooms, and an updated primary bedroom. Bring your boat for extra fun and easy lake access


Nearby comparable properties
Nearby sales
Beds
Baths
Sq. Ft.
Date sold
Price sold
icon-real-estate-agent
13923 Desert Trace Ct
4
2.5
3.2K
Dec-23
$426.9K
icon-real-estate-agent
15811 Tremout Hollow Ln
4
3
3.7K
Jul-23
$479K
icon-real-estate-agent
14434 Cottage Timbers
4
2.5
2.9K
Aug-23
$420K
icon-real-estate-agent
Weighted avg.
-
-
3.3K
--
$444.3K
icon-real-estate-agent
The Roman
4
3
3K
Nov-23
$450K
Nearby rentals
Beds
Baths
Sq. Ft.
Monthly rent
Yearly rent
icon-calendar
Airbnb 1182
5
4
3.6K
$8.6K
$102.9K
icon-calendar
Airbnb 6795
3
3
2.3K
$5.9K
$71K
icon-calendar
Airbnb 6698
4
4
2.9K
$7.9K
$94.8K
icon-calendar
Weighted avg.
-
-
2.9K
$7.7K
$91.9K
icon-calendar
The Roman
4
3
3K
$7.4K
$88.8K

What are the potential returns
info
Projected value
--
caret-up--
Rental income
info
$84K / 4% growth
Expenses
info
$NaN / 2% growth
Appreciation
info
3% growth

The property's status
Purchased Property
November 2023
Anticipated First Dividends
April 2024

The property is furnished with listings live across several medium-term rental platforms including Airbnb. First occupancies occurred at the end of February 2024. First dividends were delivered April 2024 (2.6% monthly yield in first month of operations).


What goes into the offering
Offering Details
Purchase Price
$450,000

(-) Debt
($337,500)
Equity
$112,500
(+) Reserves & Closing Costs
$137,000

(+) mogul Platform Fee (One-Time)
$13,500
Total Offering Amount
$263,000

When the asset is expected to be sold
Hold Period
5 - 7 Years
Target Secondary Liquidity Option
Q2 2026

Hold Period:

We anticipate holding the asset and selling it after 5-7 years. After 5 years, we will analyze the trends in national and local markets to project an estimated value / movement in prices over the coming years.

We will present our findings and recommendations to the investors to decide on the best time to sell. If the trends are pointing to selling before 5 years or after 7 years, we will notify investors on an ad hoc basis with our findings.

We are targeting a secondary liquidity option, so not all investors have to agree on the best course of action to sell their ownership stake.

Target Secondary Liquidity Option:

We are targeting a secondary liquidity option around Q2 of 2026. This means we are targeting providing the ability for investors to sell their shares at their asset value at any time.

While this is our target timeline, several factors may lead to us launching the secondary liquidity earlier or later than the intended timeline. As such, investors should budget for the hold period of 5-7 years when making their investment.


Where you'll be investing
Houston, Texas
16.6%
Past 5-year Market Rent Increase
60.1%
Past 5-year Market Value Increase

Houston, TX


  • Diverse Economy: Houston's economy is bolstered by industries like energy, healthcare, and aerospace, providing stability with a diverse job market.
  • Population Growth: Houston is a magnet for residents, adding over 1.1 million people (2010-2020). Limited housing inventory and strong demand have propelled property values up.
  • Investment Potential: Houston offers affordable real estate, favorable landlord regulations, and no state income tax. With rental yields averaging around 7%, it presents lucrative opportunities for investors.

Property Updates
7
Dividend Incoming
The Roman
21 days ago
Dividend Incoming
Dividend incoming for the month of December after achieving positive net cashflow
Property Overview

avatar
Property listed and underwritten by Joey
icon-hourglass
$10bn+ deployed
icon-mogul-black-sm
mogul co-founder
Prior to co-founding mogul, Joey deployed $10bn+ into high quality residential real estate for some of the most prominent institutions on Wall Street.
Other Key Personnel
managed-by
Managed by Surge
managed-by
Financed by Milo

Frequently asked questions