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.
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
Monthly rent collected: $1,595
Property taxes: $306
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!
Cap Rate =6.17%
Cash-on-cash return =
Depends on your leveraging
- 3 Month Maintenance Warranty
If you are interested in this amazing *and rare* property – or seeing others like it, just contact Ali at firstname.lastname@example.org – we’ll get right back to you!