texas-real-estate-investing-tipsJust 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

Income

Monthly rent collected: $1,295

Expenses

Monthly expenses

Property taxes: $204

Insurance: $67

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!

Advanced Numbers

Cap Rate =6.65%

Cash-on-cash return =

Depends on your leveraging.

Special Terms:
Comes with an amazing 3 month maintenance warranty!

If you are interested in this amazing property – or seeing others like it, contact Melissa at melissa@hipsterinvestments.com.

Comments
  • Ericka
    Reply

    I love your post on whats available, between texas, North Carolina and Georgia I love seeing homes in the 55000-125000 range. Super encouraging for budding investors out there.

    • Ali
      Reply

      Thanks Ericka!

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