Property Need: Property under $250K, south between Buda and San Marcos, minimal maintenance, cash flow above $100 per month, and 20% return with appreciation.
Subject Property: 2-Story home in Kyle, great access to I-35, 3 bedrooms, 2.5 bathrooms, 2,412 SqFt.
- List Price: $214,900
- Lease: $1,650 per month
- Taxes: $5,820
- $45 quarterly HOA Fee
- Down Payment: 20%
- Projected Hold Period: 5 Years
- Total Cash Contributions by Investor: $46,051.74
We found this corner lot property on a cul-de-sac in a Kyle neighborhood. The turn-key home was recently upgraded with new interior paint and new flooring throughout. The home was purchased $8,400 less than 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 less than a week after closing on the property.
The investor’s projected return is greater than 20% with more than $280 per month in projected cash flow.
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