waw-houston-february-2015You 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.

Single-Family Home

LOCATION: La Porte, TX.

Built In: 1979 (and fully renovated)

Purchase price: $130,500 (not a foreclosure, normal sale)

Property info: 3 bedrooms, 2 bathrooms, 1,472 square feet, 2 stories, 2 car garage

INCOME

Monthly rent collected: $1,200

EXPENSES

Monthly expenses (conservatively estimated)

Property taxes: $158

Insurance: $100

Property management fees: $120

Vacancy (7%): $84

Repairs (5%): $60

maintenance (est.): $25

Total Monthly Expenses- $547

Net Income = Income – Expenses = $653

ADVANCED NUMBERS

Cap Rate = 6.01 %

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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