We know we love Texas for real ROI that brings real cash flow to your portfolio. We hope that by now, you do too. So let’s do a recap on why we love this city for investors… It’s the fourth largest city in the United States, for one – that means renters like crazy. Houston serves markets all over – especially Mexico and the U.S. It’s a major global corporate center, and enjoys major status as an international business hub. Enough said?
Ok- let’s throw in a bit more? 19 academic institutions. 13 hospitals. Texas Medical Center… University of Houston. An amazing quality of life – great art – and fantastic schooling options. Bam!
Location: Houston, TX (Rosenberg)
Note: With all of the families attracted to this beautiful area, this particular property is a real winner – it has it all (and then some).
Built In: 2010 (fully renovated and ready for some of Houston’s top-notch tenants)
Purchase price: $135,000 (not a foreclosure, normal sale)
Property info: 2 bedroom, 2 bathroom, 1,928 square feet, 2 Car Garage
Monthly rent collected: $1,200 (imagine: what would you do with this amazing cash-flow?)
Property taxes: $265
Home Owners Association: $23
Property management fees: $96
Monthly expenses (conservatively estimated)
Vacancy (7%): $67
Repairs (5%): $48
Total Monthly Expenses- $594
Net Income = Income – Expenses = $606 -imagine what you could do with this cash-flow? Comment below if you’re so inspired.
Cap Rate =5.38%
Cash-on-cash return =
Depends on your leveraging.
Comes with an amazing 3 month maintenance warranty!
If you are interested in this amazing property – or seeing others like it, contact Melissa at firstname.lastname@example.org.