We love the lone star state – when it comes to real estate investing opportunities, it’s a true star. A strong tenant base make Dallas a proven winner: colleges, stable employers, major growth (just to name a few). The properties here are gorgeous – and they go fast (for good reason).

Today’s showcase property is a real find. Just outside of Dallas, this spectacular find is a 5 bedroom mini-mansion that has five bedrooms, 3 bathrooms and is the perfect situation for a family, professional students or corporate renting. We love how beautiful this looks – can we say curb appeal enough? Not to mention this one brings in some serious cash-flow for a low purchase price. Check it out – it’s an amazing property.
dallas-single-family-real-estate-investment

Location: Lancaster, TX

Built In:  2006 (fully renovated and rented as a condition of close = your cash-flow starts ASAP!)

Purchase price: $175,500 (not a foreclosure, normal sale)

Property info: 5 bedroom, 3 bathroom, 3,648 square feet

Income

Monthly rent collected: $1,595

Expenses

Monthly expenses

Property taxes: $306

Insurance: $67

Home Owners Association: $0

Property management fees: $128

Monthly expenses (conservatively estimated)

Vacancy (7%): $112

Repairs (5%): $80

Total Monthly Expenses- $692 ( worth the investment: check out your cash-flow below)

Net Income = Income – Expenses = $903 ! Wooot: imagine what you could do with this cash-flow each month… comment below if you’re so inspired!

Advanced Numbers

Cap Rate =6.17%

Cash-on-cash return =

Depends on your leveraging

Special Terms:

  • 3 Month Maintenance Warranty

If you are interested in this amazing *and rare* property – or seeing others like it, just contact Ali at ali@hipsterinvestments.com – we’ll get right back to you!

Comments
  • Ed
    Reply

    Ali, is it unlikely that a HELOC loan can used as a down-pmt for an out of state investment property?

    • Ali
      Reply

      Hey Ed, I really can’t say for sure, you’d have to find out from a lender. But lenders are extremely picky about the “source” of a down payment. But in the case of it being a HELOC, that may qualify as an approved source? Maybe? I’d find an investor-friendly lender and ask them to know for sure.

  • Vania
    Reply

    Hi Ali,

    Regaring property in Lancaster, TX, I don’t see you included utilities. Do tenants pay for ALL utilities in TX?

    Can use conventional financing (I qualify for it) to get this deal?

    Thanks,

    Vania

    • Ali
      Reply

      Hi Vania, yes you can use conventional financing on this one. As far as utilities, it’s not a per state thing but for these properties, tenants do pay the utilities.

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