CASH COW
*** ********* ***, ********, TX
14.39% return
SP:
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Property Description

INSANE INCOME!!! Package of 2 duplexes and 3 single family homes in west-central Texas! 

7 units total. Tenants pay their own utilites. Owner pays gas and water for 1 duplex. Average rent in the area is $550/month but will go up. Economy is driven by renewable energy, manufacturing, transportation/logistics and many more. Properties will generate an 14.39% return on investment!! Steal this property for only $32k/door! 

Property manangment and financing available!

Property Information

  • Listing statusSold
  • Property typeMulti Family (5 properties)
  • Total units7
  • Total bedrooms10
  • Total bathrooms7
  • Building size4613 sq. ft.
  • Lot size0.5 acres
  • Year built1946 - 1958
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick/Frame, Frame, CBS
  • RoofMetal, Asphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWindow Unit
  • CoolingWindow A/C

Property Financial Summary

  • Sale price$229,900
  • Estimated rehab1$0
  • Total investment$229,900
  • TypeProforma
  • Gross income (annually)$43,800
  • Operating expenses (annually)$10,717
  • Net income (annually)$33,083
  • Gross return19.05%
  • Gross income (monthly)$3,650
  • Operating expenses (monthly)$893
  • Net income (monthly)$2,757
  • Net return14.39%

Property Income & Expenses

  • Income
  • *** ********* ***
  • 2 bed / 1 bath$550/month$6,600/year
  • 2 bed / 1 bath$550/month$6,600/year
  • 2 bed / 1 bath$550/month$6,600/year
  • *** ********* ***, Duplex
  • Unit 1: 1 bed / 1 bath$500/month$6,000/year
  • Unit 1: 1 bed / 1 bath$500/month$6,000/year
  • Unit 2: 1 bed / 1 bath$500/month$6,000/year
  • Unit 2: 1 bed / 1 bath$500/month$6,000/year
  • Total$3,650/month$43,800/year
  • Expenses
  • Property Taxes$157/month$1,879/year
  • Water bill$25/month$300/year
  • Gas Utility Bill$25/month$300/year
  • Property Management$395/month$4,738/year
  • Insurance (estimated)$150/month$1,800/year
  • Maintenance reserve$142/month$1,700/year
  • Total$893/month$10,717/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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