The weather is nice – and it’s the middle of the week. If you’re stuck at work right now, Hipster has a special surprise for you to excite your imagination and get you thinking about your priorities: cash-flow (and lifestyle design, of course). Today’s property is your vehicle for both.
Why? It’s in Dallas, for one (and as you know, Hipster loves Dallas). Dallas, TX delivers big ROI’s for real estate investors who want low-key, easy investing with proven returns every month. Investing in this great city, with its booming job market and high rental demand, is a great way to send your portfolio soaring.
Unfortunately, these properties go super fast. We actually have only had one property come up here since January (and it went like that, poof!). Today, we have 3 (which is amazing). They’ll go fast, of course, but if you’re interested in getting into the booming Dallas market, this is your chance. Because you don’t want to miss out, be sure to reach out to Melissa for more info (her email is at the bottom of this page).
Let’s take a look at the property specs so that you can decide if this one might be right for you (and your portfolio).
Location: Lancaster, TX.
Built In: 2006 (fully renovated, tenant in place as condition of closing)
Purchase price: $149,00 (not a foreclosure, normal sale)
Property info: 3 bedroom, 2 bathroom, 1,741 square feet
Monthly rent collected: $1,350
Property taxes: $249
Property management fees: $108
Monthly expenses (conservatively estimated)
Vacancy (7%): $68
Repairs (5%): $68
Total Monthly Expenses- $586
Net Income = Income – Expenses = $764!
Cap Rate =6.16%
Cash-on-cash return =
Depends on your leveraging.
If you are interested in one of these properties – or seeing others like them, contact Melissa at firstname.lastname@example.org.