SOLD or NO LONGER AVAILABLE
4 Properties in Texas Package for Sale
Asking $99k net
20.9%+ yield, estimated profit in 12 months $80k +
Cash or Hard Money Only (priority)
Owner Finance Available at a Premium
TOTAL ASKING PRICE CASH $99,000 net to seller
total repair $27,500
YIELD 20.9%+ (pro forma)
Gross Rent $37,680 / $3,140 month
Total Operating Expenses $8,314*
Net Operating income $26,478 / $2,206.5
*Total operating expense includes 2.8% as taxes, repairs and maintenance reserve, property management fee at 9%, insurance
TOTAL ASKING PRICE OWNER FINANCE $144,900
$34,500 down
$110,400 note @ 10% in rate for 10 years, $1,458.94 a month, no pre payment penalty
total repair $27,500
YIELD 14.7% (on total sales price)
Gross Rent $37,680 / $3,140 month
Total Operating Expenses ($8,314)*
Owner Finance Mortgage ($17,507.28)
Net Operating income $8,970.72 / $747.56 month
*Total operating expense includes 2.8% as taxes, repairs and maintenance reserve, property management fee at 9%, insurance
Details of each proeprty follow below, including exit strategy examples, profit estimator and accurate comps
Asking $99k net
20.9%+ yield, estimated profit in 12 months $80k +
Cash or Hard Money Only (priority)
Owner Finance Available at a Premium
TOTAL ASKING PRICE CASH $99,000 net to seller
total repair $27,500
YIELD 20.9%+ (pro forma)
Gross Rent $37,680 / $3,140 month
Total Operating Expenses $8,314*
Net Operating income $26,478 / $2,206.5
*Total operating expense includes 2.8% as taxes, repairs and maintenance reserve, property management fee at 9%, insurance
TOTAL ASKING PRICE OWNER FINANCE $144,900
$34,500 down
$110,400 note @ 10% in rate for 10 years, $1,458.94 a month, no pre payment penalty
total repair $27,500
YIELD 14.7% (on total sales price)
Gross Rent $37,680 / $3,140 month
Total Operating Expenses ($8,314)*
Owner Finance Mortgage ($17,507.28)
Net Operating income $8,970.72 / $747.56 month
*Total operating expense includes 2.8% as taxes, repairs and maintenance reserve, property management fee at 9%, insurance
Details of each proeprty follow below, including exit strategy examples, profit estimator and accurate comps
3405 Frosty Trail Dallas TX 75241 - SOLD
ARV $27,000
Repairs $7,500
Market Rent $850
Tax $761
CAD $27,950
3 bed / 2 bath /1 garage
903 sq ft
lot 6,629 sq ft
built in 1969
single family/ frame/ brick veneer / slab
Owner finance price $25,000
$5,000 down
$20,000 max 10 yrs owner @ 10% interest, $264.30 a month
@ Cash Price of $20,000
22.6% YIELD (pro forma)
VACANT
previous 5-6 years tenant at $850
sect 8 in the past at $900
Property has been vandalized inside, needs cosmetics. THIS HOME IS A 3 BEDROOM, 2 BATH, 1 CAR GARAGE BRICK HOUSE ON A VERY LARGE CORNER LOT. IT HAS BEEN VANDALIZED. THE INTERIOR DOES NOT CURRENTLY LOOK LIKE THESE PICTURES. IT NEEDS ABOUT $5-6K IN REPAIR TO PUT IT BACK IN NEW CONDITION. THIS HAS BEEN ONE OF MY RENTAL PROPERTIES FOR THE PAST 5 YEARS. IT HAD NEVER BEEN VACANT UNTIL THE VANDALIZATION. IT RENTED FOR $850/MONTH. THIS IS A VERY GOOD INVESTMENT PROPERTY
EXIT STRATEGY example only
Keep it as a Rental - Cash Flow
Rent for $795, pay haz ins $12.5, pay tax $63 = cashflow $719.50 a month or $8,634 a year
Sell it later after appreciation (cash later) = $37,000 - ($20,000 original acquisition) = $17,000
Sell it Retail on a WRAP - Cash Now, Cash Flow, Cash Later
Sales Price $37,500 (fix it or use sweat equity)
Down payment of 8% (cash now) = $3,000
5.99% interest for 60 months (PITI) (cashflow)= $743
OR Buyer Refinances in 12 months and cashes you out (cash later) = = $31,000 - ($20,000) acquisition cost = $11,000
total profit on scenario $22,916
ARV $27,000
Repairs $7,500
Market Rent $850
Tax $761
CAD $27,950
3 bed / 2 bath /1 garage
903 sq ft
lot 6,629 sq ft
built in 1969
single family/ frame/ brick veneer / slab
Owner finance price $25,000
$5,000 down
$20,000 max 10 yrs owner @ 10% interest, $264.30 a month
@ Cash Price of $20,000
22.6% YIELD (pro forma)
VACANT
previous 5-6 years tenant at $850
sect 8 in the past at $900
Property has been vandalized inside, needs cosmetics. THIS HOME IS A 3 BEDROOM, 2 BATH, 1 CAR GARAGE BRICK HOUSE ON A VERY LARGE CORNER LOT. IT HAS BEEN VANDALIZED. THE INTERIOR DOES NOT CURRENTLY LOOK LIKE THESE PICTURES. IT NEEDS ABOUT $5-6K IN REPAIR TO PUT IT BACK IN NEW CONDITION. THIS HAS BEEN ONE OF MY RENTAL PROPERTIES FOR THE PAST 5 YEARS. IT HAD NEVER BEEN VACANT UNTIL THE VANDALIZATION. IT RENTED FOR $850/MONTH. THIS IS A VERY GOOD INVESTMENT PROPERTY
EXIT STRATEGY example only
Keep it as a Rental - Cash Flow
Rent for $795, pay haz ins $12.5, pay tax $63 = cashflow $719.50 a month or $8,634 a year
Sell it later after appreciation (cash later) = $37,000 - ($20,000 original acquisition) = $17,000
Sell it Retail on a WRAP - Cash Now, Cash Flow, Cash Later
Sales Price $37,500 (fix it or use sweat equity)
Down payment of 8% (cash now) = $3,000
5.99% interest for 60 months (PITI) (cashflow)= $743
OR Buyer Refinances in 12 months and cashes you out (cash later) = = $31,000 - ($20,000) acquisition cost = $11,000
total profit on scenario $22,916
| 3405_frosty_trail_mls_cma.pdf |
| 3405_frosty_trails_map_comps.pdf |
| 3405_lease_comps.pdf |
5112 Black Oak Ln River Oaks TX 76114 - AVAILABLE
ARV $61,000
Repairs $5,000
Market Rent $700
Tax $921
CAD $31,000
3 bed / 1 bath /1 garage
1,081 sq ft
lot .41 acres
built in 1938
single family/ brick / slab
Owner Finance price $48,900
$10,000 down
$38,900 max 10 yrs note @ 10% interest, $514.07 a month
@ Cash Price of $40,000
9.9% YIELD (actual)
Brand new $30,000 roof
OCCUPIED tenant for 30 years
EXIT STRATEGY example only
Keep it as a Rental - Cash Flow
Rent for $700, pay haz ins ($23), pay tax ($77) = cashflow $600 a month or $7200 a year
Sell it later after appreciation (cash later) = $69,000 - ($40,000 original acquisition) = $19,000
Sell it Retail on a WRAP - Cash Now, Cash Flow, Cash Later
Sales Price $69,500 (fix it or use sweat equity)
Down payment of 8% (cash now) = $5,600
5.99% interest for 180 months (PITI) (cashflow)= $693
OR Buyer Refinances in 12 months and cashes you out (cash later) = $61,600 - ($40,000) acquisition cost = $21,600
total profit on scenario $34,868
ARV $61,000
Repairs $5,000
Market Rent $700
Tax $921
CAD $31,000
3 bed / 1 bath /1 garage
1,081 sq ft
lot .41 acres
built in 1938
single family/ brick / slab
Owner Finance price $48,900
$10,000 down
$38,900 max 10 yrs note @ 10% interest, $514.07 a month
@ Cash Price of $40,000
9.9% YIELD (actual)
Brand new $30,000 roof
OCCUPIED tenant for 30 years
EXIT STRATEGY example only
Keep it as a Rental - Cash Flow
Rent for $700, pay haz ins ($23), pay tax ($77) = cashflow $600 a month or $7200 a year
Sell it later after appreciation (cash later) = $69,000 - ($40,000 original acquisition) = $19,000
Sell it Retail on a WRAP - Cash Now, Cash Flow, Cash Later
Sales Price $69,500 (fix it or use sweat equity)
Down payment of 8% (cash now) = $5,600
5.99% interest for 180 months (PITI) (cashflow)= $693
OR Buyer Refinances in 12 months and cashes you out (cash later) = $61,600 - ($40,000) acquisition cost = $21,600
total profit on scenario $34,868
| 5112_black_oak_ln_mls_comps.pdf |
| 5112_black_oak_ln_map_comps.pdf |
| 5112_black_oak_ln_lease_comps.pdf |
3321 Elderberry Ln Joshua TX 76058 - AVAILABLE
1 acre, non transferable deed (add a mobile home for an additional $795 a month)
1 acre, on double wide manufactured/mobile home
ARV $22,600
Repairs $5,000
Market Rent $795
Tax $474
CAD $31,348
3 bed / 2 bath
1290 sq ft
lot 2 acres
built in 1999
modular home / double wide mobile home
@ Cash Price of $20,000
22.9% YIELD (Pro forma)
VACANTTHIS HOME NEEDS HVAC, WATER HEATER, CARPET AND PAINT (APPROXIMATELY $3-4K IN REPAIR).
Owner Finance Price $23,000 asking price
(no baloon, principal + interest payments)
$7,500 down
$15,500 up to 10 years @ 10% in rate, $204.83 a month
Foreclosed on October - 90 days deed restriction
EXIT STRATEGY example only
Keep it as a Rental - Cash Flow
Rent for $795, pay haz ins ($10), pay tax ($40) = cashflow $745 a month or $8,940 a year
Sell it later after appreciation (cash later) = $29,000 - ($20,000 original acquisition) = $9,000
Sell it Retail on a WRAP - Cash Now, Cash Flow, Cash Later
Sales Price $29,500 (fix it or use sweat equity)
Down payment of 8% (cash now) = $2,400
6.99% interest for 48 months (PITI) (cashflow)= $698
OR Buyer Refinances in 12 months and cashes you out (cash later) = $21,600 - ($20,000) acquisition cost = $1,600
total profit on scenario $12,376
1 acre, non transferable deed (add a mobile home for an additional $795 a month)
1 acre, on double wide manufactured/mobile home
ARV $22,600
Repairs $5,000
Market Rent $795
Tax $474
CAD $31,348
3 bed / 2 bath
1290 sq ft
lot 2 acres
built in 1999
modular home / double wide mobile home
@ Cash Price of $20,000
22.9% YIELD (Pro forma)
VACANTTHIS HOME NEEDS HVAC, WATER HEATER, CARPET AND PAINT (APPROXIMATELY $3-4K IN REPAIR).
Owner Finance Price $23,000 asking price
(no baloon, principal + interest payments)
$7,500 down
$15,500 up to 10 years @ 10% in rate, $204.83 a month
Foreclosed on October - 90 days deed restriction
EXIT STRATEGY example only
Keep it as a Rental - Cash Flow
Rent for $795, pay haz ins ($10), pay tax ($40) = cashflow $745 a month or $8,940 a year
Sell it later after appreciation (cash later) = $29,000 - ($20,000 original acquisition) = $9,000
Sell it Retail on a WRAP - Cash Now, Cash Flow, Cash Later
Sales Price $29,500 (fix it or use sweat equity)
Down payment of 8% (cash now) = $2,400
6.99% interest for 48 months (PITI) (cashflow)= $698
OR Buyer Refinances in 12 months and cashes you out (cash later) = $21,600 - ($20,000) acquisition cost = $1,600
total profit on scenario $12,376
| 3321_elderberry_ln_mls_cma.pdf |
| 3321_elderberry_ln_map_comps.pdf |
| 3321_elderberry_ln_lease_comps.pdf |
10293 FM 1649 Gilmer TX 75645 - SOLD
9 Acres + Farm Dwelling Non on Tax Record
1 House not showing on tax record - Use Google Earth
ARV = $42,000
Repairs $10,000
MArket Rent = $795
Tax $545
CAD $32,780
Zoning
Real Farm And Ranch Improv
Building 865 sq ft built in 1950
@ Cash Price of $40,000
10.5% YIELD (pro forma)
Owner Finance Price $48,000 no mineral rights
$12,000 down
$36,000 10 yr note @ 10 int rate, $475.74
VACANT
THIS IS A REALLY NICE PIECE OF LAND. THE FRONT AT ENTRANCE FROM FM1649 IS WHERE THE 2 ACRE HOME SITE IS AND THE STOCK PONDS. THOSE ARE FENCED SEPARATELY. AT THE BACK OF THE HOME SITE THERE IS A NARROW OPENING IN THE TREES THAT OPENS UP INTO AN (APPROXIMATELY) 8 ACRE CLEARING UP ON A HILL. THIS IS ALSO FENCED SEPARATELY. THE FENCE LINE THAT SURROUNDS THIS CLEARING IS ALSO THE TREE LINE FOR THE ADJACENT WOODS WHICH CREATES A NATURAL 20 FOOT PRIVACY FENCE. THE PREVIOUS TENANTS REALLY TRASHED THE FRONT 2 ACRE HOME SITE SO THERE IS A LOT OF CLEANUP NEEDED. THERE ARE UTILITIES (CITY & WELL WATER,ELECTRIC METER AND A SEPTIC TANK) AND 2 HOUSES THAT NEED A LOT OF WORK ALSO. PRICED LOW FOR A QUICK SALE.
EXIT STRATEGY - example only
Keep it as a Rental - Cash Flow
Rent for $795, pay haz ins ($20), pay tax ($40) = cashflow $735 a month or $8,820 a year
Sell it later after appreciation (cash later) = $49,000 - ($40,000 original acquisition) = $9,000
Sell it Retail on a WRAP - Cash Now, Cash Flow, Cash Later
Sales Price $49,500 (fix it or use sweat equity)
Down payment of 8% (cash now) = $4,000
6.99% interest for 84 months (PITI) (cashflow)= $721
OR Buyer Refinances in 6 months and cashes you out (cash later) = $42,800 - ($40,000) acquisition cost = $2,800
total profit on scenario $11,126
9 Acres + Farm Dwelling Non on Tax Record
1 House not showing on tax record - Use Google Earth
ARV = $42,000
Repairs $10,000
MArket Rent = $795
Tax $545
CAD $32,780
Zoning
Real Farm And Ranch Improv
Building 865 sq ft built in 1950
@ Cash Price of $40,000
10.5% YIELD (pro forma)
Owner Finance Price $48,000 no mineral rights
$12,000 down
$36,000 10 yr note @ 10 int rate, $475.74
VACANT
THIS IS A REALLY NICE PIECE OF LAND. THE FRONT AT ENTRANCE FROM FM1649 IS WHERE THE 2 ACRE HOME SITE IS AND THE STOCK PONDS. THOSE ARE FENCED SEPARATELY. AT THE BACK OF THE HOME SITE THERE IS A NARROW OPENING IN THE TREES THAT OPENS UP INTO AN (APPROXIMATELY) 8 ACRE CLEARING UP ON A HILL. THIS IS ALSO FENCED SEPARATELY. THE FENCE LINE THAT SURROUNDS THIS CLEARING IS ALSO THE TREE LINE FOR THE ADJACENT WOODS WHICH CREATES A NATURAL 20 FOOT PRIVACY FENCE. THE PREVIOUS TENANTS REALLY TRASHED THE FRONT 2 ACRE HOME SITE SO THERE IS A LOT OF CLEANUP NEEDED. THERE ARE UTILITIES (CITY & WELL WATER,ELECTRIC METER AND A SEPTIC TANK) AND 2 HOUSES THAT NEED A LOT OF WORK ALSO. PRICED LOW FOR A QUICK SALE.
EXIT STRATEGY - example only
Keep it as a Rental - Cash Flow
Rent for $795, pay haz ins ($20), pay tax ($40) = cashflow $735 a month or $8,820 a year
Sell it later after appreciation (cash later) = $49,000 - ($40,000 original acquisition) = $9,000
Sell it Retail on a WRAP - Cash Now, Cash Flow, Cash Later
Sales Price $49,500 (fix it or use sweat equity)
Down payment of 8% (cash now) = $4,000
6.99% interest for 84 months (PITI) (cashflow)= $721
OR Buyer Refinances in 6 months and cashes you out (cash later) = $42,800 - ($40,000) acquisition cost = $2,800
total profit on scenario $11,126
| 10293_fm_1639_mls_comps.pdf |
| 10293_fm_1639_map_comps.pdf |
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