Investor Case Study: Upgraded Cash Flow Property in Kyle

Property Need: Property under $250K, south between Buda and San Marcos, minimal maintenance, cash flow above $100 per month, and greater than 8% return with no appreciation.

Subject Property: 1-Story home in Kyle, great access to I-35, 3 bedrooms, 2 bathrooms, turn-key, 1,207 SqFt.

Kitchen shot

Financials:

  • List Price: $184,900
  • Lease: $1,500 per month
  • Taxes: $3,812
  • No HOA
  • Down Payment: 25%
  • Projected Hold Period: 5 Years
  • Total Cash Contributions by Investor: $48,777.93

 

Results:

We found this turn-key property in a Kyle neighborhood. The home was recently upgraded with new interior and exterior paint, new tile, new carpets in the bedrooms, new light fixtures, new ceiling fans in every room, new faucets in the bathrooms and kitchen, new toilets, new smoke alarms, new exterior steel panel glass door, and updated landscaping. The home was purchased at list price with a brand-new roof paid for by the Seller during the contract period. Maintenance of this property into the future will be very minimal.

The home will available for lease within four days of the Seller moving out of the property. This quick turnaround will poise this investor to possibly begin receiving lease income on the property prior to making his first mortgage payment.

The investor’s projected return is greater than 19% with more than $235 per month in cash flow.

Backyard shot

Investing in real estate doesn’t have to be a full-time gig. Let us help you find the right opportunities to make your money make you money. If you are interested in being a part of our investor email distribution list or seeing similar available properties, email Schuyler at schuyler@wgrouprealestate.com.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s