Note: The Dallas Property Has Now Sold.

Texas Is Back!! We love it so much, we’re doing the first-ever  double What’s Available Wednesday!

It’s hump day again – and Hipster has a very special post lined up for you today…. Texas inventory is back – with a vengeance. The new stock is going to go fast – just as it did in the past – so if you’re interested in going big with your ROI, we suggest you lasso in one of these rock star properties! As you know, Hipster loves the lone star state’s fundamentals. Why? Both Houston and Dallas deliver big returns and real cash value. If you want to skyrocket your investments, we highly recommend you ‘mess with Texas’.

And in case you think we are kidding about Texas being back- we have had ZERO Dallas inventory since late January. Out, gone, none, finito.  Nothing to offer anyone. Houston hasn’t been far behind. They’ve been so low on inventory that once people have gone under contract, they’ve had to wait months to close on the property. So if you’ve ever wondering if we (or anyone) is being legit when they say these things go fast, you can know for sure that it is no lie. Literally, we’ve been out of inventory until now. So move fast because these shouldn’t stick around long because of how many people have been waiting for Texas.

Hipster’s First Stop Today: Houston!buy real estate investments property

For the investor who wants some real blue chip properties, Houston brings it. The city has proven long-term rental protection. Job growth, demand for rentals, stability, and a great turnkey supplier make this city, and today’s Houston area property, ‘all systems a-go’! PS: it comes with a 3 month maintenance warranty and a 2 car garage. Sweet!

Location: Rosenberg, TX.

Built In: 2010 (fully renovated, currently rented)

Purchase price: $138,500 (not a foreclosure, normal sale)

Property info: 4 bedroom, 2 bathroom, 2,111 square feet

Income

Monthly rent collected: $1,250

Expenses

Monthly expenses

Property taxes: $294

Insurance: $67

HOA:$23

Property management fees: $100

Monthly expenses (conservatively estimated)

Vacancy (7%): $88

Repairs (5%): $63

Total Monthly Expenses- $633

Net Income = Income – Expenses = $617 !

Advanced Numbers

Cap Rate =5.34%

Cash-on-cash return =

Depends on your leveraging.

 

Hipster’s Second Stop Today: Dallas!dallas texas real estate investing

We love Dallas – why? It’s the 4th largest metro area in the US – it’s the #1 MSA for job growth in the country – AND it’s home to 18 Fortune 500 companies. This city – and the surrounding area – is full of top-notch tenants who want to rent great homes. Oh – like Houston, this one has a 2 car garage and a 3 month maintenance warranty as well!

Location: Lancaster, TX.

Built In: 2002 (fully renovated, tenant in place as condition of closing)

Purchase price: $164,00 (not a foreclosure, normal sale)

Property info: 4 bedroom, 2 bathroom, 2,707 square feet

Income

Monthly rent collected: $1,495

Expenses

Monthly expenses

Property taxes: $327

Insurance: $67

Property management fees: $120

Monthly expenses (conservatively estimated)

Vacancy (7%): $105

Repairs (5%): $75

Total Monthly Expenses- $693

Net Income = Income – Expenses = $802 !

Advanced Numbers

Cap Rate =5.87%

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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