You know that we at Hipster love the lone star state. It’s got the growth, the jobs, the schools, the sports and the demand investors want and need for sustainable cash-flow year after year, month after month.
In one word, Texas is: stable. Investors, you want stable. Your portfolio needs it. Your future children and grand-kids will thank you.
Houston has big business. Big colleges. Hospitals. It’s a total hub! There’s always a demand for great rental housing, and today’s pick is a gem. Let’s take a closer look. Imagine this one as your next investment property – it’s a winner. Because it’s going to go fast, be sure to reach out to us if you’re interested.
LOCATION: La Porte, TX.
Built In: 1979 (and fully renovated)
Purchase price: $147,000 (not a foreclosure, normal sale)
Property info: 3 bedrooms, 2 bathrooms, 1,636 square feet, 1 story, 2 car garage
Monthly rent collected: $1,400
Monthly expenses (conservatively estimated)
Property taxes: $300
Home Owners Assoc. Fee: $21
Property management fees: $140
Vacancy (7%): $98
Repairs (5%): $70
Total Monthly Expenses- $712
Net Income = Income – Expenses = $688
Cap Rate = 5.61 %
annual net income (non-inclusive of mortgage payment) / purchase price
Cash-on-cash return =
Depends on your leveraging.
- 3 month property maintenance guarantee
If you are interested in this property or seeing others like it, contact Melissa at firstname.lastname@example.org.
Take the plunge: you won’t regret it!