dallas turnkey investing

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)

Income

Monthly rent collected: $1,150

Expenses

Monthly expenses

Property taxes: $188

Insurance: $67

Property management fees: $92

Monthly expenses (conservatively estimated)

Vacancy (7%): $81

Repairs (5%): $58

Total Monthly Expenses- $485

Net Income = Income – Expenses = $665 !

Advanced Numbers

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 melissa@hipsterinvestments.com.

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