Nothing sexy but the cash flow. Simple little cash flow property in Seguin with good return on investment. And, yes, you still can buy livable houses for $16,000.
PLEASE do not bother the tenant. If you are serious about buying we will arrange an appointment for you to view the property up close and personal.
This house at 608 Davila will make a good rental with minimal cash out of pocket. Market rents are conservatively $450 and if you’re all in at $22,000 you will net about an 18% return.
|Gross Rent||$ 450||5,700|
|Expenses (17% of rent)||(77)||918|
|Net Income||$ 316||$ 3,706|
|Purchase Price||$ 16,000|
|Settlement Costs (est)||500|
|Repair Costs (est)||5,500|
|Total Cost||$ 22,000|
WHAT? You say you don’t want to do the repairs or manage 1 bedroom rentals? I agree…probably the best option for the cash-flow investor is to sell it “AS-IS” owner financed after cleaning it out and nominal repairs (mainly to the bathroom). Do the numbers with an owner financed sale price of at least $29,900 with $3,000 down and 10.9% interest for 15 years. You should yield a fantastic passive income (say 25% ?).
Contact info: Call Steve at 210-363-4620 for more info or to buy it.