Houston-turnkey-December-2014Who’s ready to travel? Today we’re flying over to Texas: Houston to be exact. As you may know, Hipster has an eye on the Lone Star State in a big way. Both Dallas and Houston are home to strong markets for investors right now. Why? Jobs, stable markets, stable tenants and growth! Houston specifically was ranked by AOL Real Estate as having the #1 healthiest real estate market in the country. Yes – #1! The U.S. Bureau of Labor Statistics rates Houston as #2 for cities with job creation. Wow. Not only that but Forbes actually ranked Houston as the top city to buy a home in the entire country….

Salivating yet? We thought so. Today’s property is incredible. It’s a beautiful home that comes with all the bells and whistles your future tenants will want – and then some. With a monthly cash-flow set at $934, this is going to go fast. If you’re interested, don’t delay. Reach out to us now. Enjoy!

Single-Family Home

LOCATION: SPRING, TX.

Built In: 2005 (and fully renovated)

Purchase price: $182,800 (not a foreclosure, normal sale)

Property info: 3 bedrooms, 2.5 bathrooms, 2,260 square feet, 2 stories, 2 car garage

INCOME

Monthly rent collected: $1,750

EXPENSES

Monthly expenses (conservatively estimated)

Property taxes: $345

Insurance: $121

Property management fees: $140

Vacancy (7%): $123

Repairs (5%): $88

Total Monthly Expenses- $816

Net Income = Income – Expenses = $934

ADVANCED NUMBERS

Cap Rate = 6.13 %

annual net income (non-inclusive of mortgage payment) / purchase price

Cash-on-cash return =

Depends on your leveraging.

SPECIAL TERMS

  • 3 month property maintenance guarantee

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

Take the plunge: you won’t regret it!

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