At Hipster, we like to consider ourselves part-time matchmakers. Could this be your new match? It is, after all, in Dallas – and as far as rental markets go, Dallas has it all (and then some). Real growth. Jobs a ‘plenty. Colleges. Seniors. You name it – Dallas has it. For those who want hassle-free turnkey property ownership, Dallas is the place to buy right now. Unfortunately, properties like this come up once in a blue moon.
Today’s property comes with tenants already in place and a 3 month maintenance warranty. It generates strong, proven cash-flow – and it’s a looker (as you can see). What’s not to love? Imagine adding this money maker to your portfolio… you can see it, right? We sure can (sigh)….
Location: Dallas, TX.
Built In: 1977 (fully renovated, currently rented)
Purchase price: $130,000 (not a foreclosure, normal sale)
Property info: 3 bedroom, 2 bathroom, 1,473 square feet (2 car garage)
Monthly rent collected: $1,150
Property taxes: $188
Property management fees: $92
Monthly expenses (conservatively estimated)
Vacancy (7%): $81
Repairs (5%): $58
Total Monthly Expenses- $485
Net Income = Income – Expenses = $665 !
Cap Rate =6.14%
Cash-on-cash return =
Depends on your leveraging.
If you are interested in one of these properties – or seeing others like them, contact Melissa at email@example.com.