Cash Cow
*** ********* ***, ********, TX
14.98% return
SP:
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Property Description

INSANE RETURNS ON INVESTMENT!

6 units on 2.7 acres. Only $19k per unit. 15% net return on investment!! Units rent for $450. Potential to increase rents to $500 each. Metal roof. No deferred maintenace is needed, only small cosmetics.. Separete electric meters, central heat and air. 

Will not last!

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units6
  • Total bedrooms6
  • Total bathrooms6
  • Building size3191 sq. ft.
  • Lot size2.7 acres
  • Year built1999
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • RoofMetal
  • Water sourceCity water
  • Water disposalSeptic
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Sale price$114,900
  • Estimated rehab1$5,000
  • Total investment$119,900
  • TypeProforma
  • Gross income (annually)$32,400
  • Operating expenses (annually)$14,439
  • Net income (annually)$17,961
  • Gross return27.02%
  • Gross income (monthly)$2,700
  • Operating expenses (monthly)$1,203
  • Net income (monthly)$1,497
  • Net return14.98%

Property Income & Expenses

  • Income
  • Unit 1: 1 bed / 1 bath$450/month$5,400/year
  • Unit 2: 1 bed / 1 bath$450/month$5,400/year
  • Unit 3: 1 bed / 1 bath$450/month$5,400/year
  • Unit 4: 1 bed / 1 bath$450/month$5,400/year
  • Unit 5: 1 bed / 1 bath$450/month$5,400/year
  • Unit 6: 1 bed / 1 bath$450/month$5,400/year
  • Total$2,700/month$32,400/year
  • Expenses
  • Water bill$250/month$3,000/year
  • Insurance$133/month$1,600/year
  • Waste Collection$85/month$1,020/year
  • Cable Bill$90/month$1,080/year
  • Property Taxes$125/month$1,499/year
  • Maintenance reserve$250/month$3,000/year
  • Property Management$270/month$3,240/year
  • Total$1,203/month$14,439/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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