You know, if you follow this blog, Hipster loves the lone star state. It’s got the growth, the jobs, the schools, the sports and the demand investors want and need for sustainable cash-flow year after year, month after month.
In one word, Texas is: stable. Investors, you want stable. Your portfolio needs it. Your future children and grand-kids will thank you.
Houston has big business. Big colleges. Hospitals. It’s a total hub. There’s always a demand for great rental housing, and today’s pick is a rare gem. The buy-in price here is a bit higher than we usually showcase – that being said, you’re getting some major quality. The city’s housing market is still on the rise – so this property is both going to appreciate and generate real income while doing so. Let’s take a closer look. Imagine this one as your next investment property – it’s a winner. Because it’s going to go fast, be sure to reach out to us if you’re interested.
Built In: 2009 (fully renovated and ready for some great tenants)
Purchase price: $207,000 (not a foreclosure, normal sale)
Property info: 5 bedroom, 3.5 bathroom, 3,022 square feet
Monthly rent collected: $1,800 (can we say serious cash-flow!)
Property taxes: $487
Property management fees: $144
Monthly expenses (conservatively estimated)
Vacancy (7%): $126
Repairs (5%): $90
Total Monthly Expenses- $913
Net Income = Income – Expenses = $887 !!!
Cap Rate =5.14%
Cash-on-cash return =
Depends on your leveraging.
If you are interested in this amazing property – or seeing others like it, contact Melissa at firstname.lastname@example.org.