Agent Essentials

Real Estate Agent Blog

How Much House Can a Houston Texans Player Afford?
September 21, 2020

How Much House Can a Houston Texans Player Afford?

by The CE Shop Team

Big Paychecks Means Bigger Homes When it Comes to Houston Texans Football

Many of the NFL’s elite players grab headlines for signing behemoth multi-million dollar contracts. Like anyone who comes into a large sum of money, the first thing they look to upgrade is their living situation. When it comes to the Houston Texans, that means they’ll pay cash for mega-estates in Piney Point Village. Other lesser-known players, who earn generous-but-more-more-modest salaries, are more likely to take out a mortgage and consider their home as an investment rather than a holding. Considering the widely accepted rule that no more than 28% of your gross income should go toward a mortgage payment, here’s what players can afford.

Lonnie Johnson Jr., Cornerback

Image provided by the Chicago Tribune

The young Texans cornerback signed a four-year $5.2 million contract, with $2.5 million guaranteed and a $1.8 million signing bonus. His base salary with the team for 2020 (in addition to the aforementioned contract) is $731,575. His salary breaks down to a gross monthly income of $60,964, meaning in theory he could afford a mortgage of $17,070 per month and move into something like this beautiful $2.9 million dollar 6,499 square foot Tanglewood home.

Charles Omenihu, Defensive End

Defensive end Charles Omenihu signed a four-year $2.8 million contract, with a $295K signing bonus and $295K guaranteed. On top of that, his yearly salary with the Texans for 2020 is $675,000. Crunching the numbers, Omenihu’s gross monthly income is $56,250, which means he could theoretically take out a mortgage of $15,570 per month. Perhaps he’d be interested in this $2.7 million dollar 6,630 square foot custom home?

John Reid, Cornerback

Image provided by Go PSU Sports

Texans cornerback John Reid signed a four-year $3.8 million contract with the team that includes $494K guaranteed and a $494K signing bonus. As for base salary, Reid will take home $610,000 per year - giving him a gross monthly income of $50,833. He can spend up to $14,233 per month on a mortgage and move into something like this $2.5 million dollar 6,155 square foot Piney Point mansion.

J.J. Watt, Defensive End

Image provided by Chat Sports

OK, we had to throw in Watt for fun. For those of you who don’t know, Watt signed a six-year, $100 million contract with the team with nearly $52 million guaranteed and a $10 million signing bonus. His base salary is $15.5 million, meaning he has a gross monthly income of $1.3 million per month and can spend about $361,666 per month on a mortgage. Watt can easily afford the most expensive house currently for sale in Houston, which happens to be this $30 million, 26,401 square foot behemoth.

Image provided by Zillow

Deshaun Watson, Quarterback

As if it couldn’t get any crazier, star quarterback Deshaun Watson just signed a four-year, $152 million contract including a $27 million signing bonus and $110 million guaranteed. Breaking it down, Watson earns about $44.7 million for each year he plays and approximately $3.7 million per month. At that figure, Watson is hypothetically able to afford just over $1 million per month on a mortgage payment or every property mentioned on this list and many more like them.

With all that being said, we realize NFL careers are short-lived and it’s likely the advice of the player’s financial advisors and lenders that they live well below their means should they face a career-ending injury. So, can the Houston Texans afford these homes? Of course. Should they buy them? Probably not, but, hey, downsizing to a $1.5 million home isn’t so tough, now is it?

Ready to Fire Up Your Houston Real Estate Career with The CE Shop?

Enroll in our Pre-Licensing program now to get your career started and begin connecting your fellow Texans with the real estate they’re looking for, or keep going strong with one of our comprehensive, 100% online Continuing Education packages. Want to stay up to date on everything Houston? Join our Facebook Group!

*Hero image provided by Zillow