Just in case you haven’t noticed, we are kind of in love with the lone star state (when it comes to investing). Solid homes, solid returns, solid tenants: what more could an investor want?
Dallas, particularly, is a hot market and is a hard one to buy into (inventory is simply flying off the shelves). It’s also near Fort Worth – meaning there are always tenants that want to rent a beautiful home like this one….
Today’s find is a lucky one – and we’re proud to introduce you to it (even if it doesn’t last long…) It’s a single family that comes with a reliable tenant in place upon closing – and a three month maintenance guarantee…
Location: Benbrook, TX
Built In: 1971 (fully renovated and rented)
Purchase price: $137,900 (not a foreclosure, normal sale)
Property info: 3 bedroom, 2 bathroom, 1,325 square feet, 2 Car Garage
Monthly rent collected: $1,295
Property taxes: $204
Home Owners Association: $0
Property management fees: $104
Monthly expenses (conservatively estimated)
Vacancy (7%): $91
Repairs (5%): $65
Total Monthly Expenses- $530
Net Income = Income – Expenses = $765 -imagine what you could do with this cash-flow? Comment below if you’re so inspired!
Cap Rate =6.65%
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 email@example.com.