East Houston Income Property for Sale

By
Real Estate Agent with Signature Real Estate

 

THIS HOME IS A 4 BEDROOMS, 2 BATH, 2 CAR GARAGE LOCATED NEAR I-10 EAST. YEAR BUILD 1968, SF 1800.

See all houston bank foreclosures and houston hud homes

Contact Nelia Valdez- Real Estate Agent, VP
Signature Real Estate
713-952-3200

Asking Price$92,250.00
Aprox. Value$114,500.00
Investment Scenario 1: 10% Down 30-Year Fixed
Income
Monthly Rent$1,200.00
Expenses
Mortgage (10% Down Payment @ 7%)$552.20
Taxes ($2939.00)$244.91
Insurance ($960)$80.00
Homeowner Association ($200)$16.60
Total$893.71
Monthly Cash Flow$306.29
Annual Cash Flow$3,675.48
Cash Investment$9,000.00
Annual Return on Investment40.84%
5 Year Outlook
Locked in Equity at Purchase$22,250.00
Appreciation  (5% a year)$28,625.00
Total Rental Income $18,377.40
Loan Repayment$4,871.00
Total Return$74,123.40

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hud homes
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Rainer
86,727
Jason Hartman
Platinum Properties Investor Network - Costa Mesa, CA

At a quick glance, this looks like a great deal. And Houston is a great market. Do you have any income properties newer than 1980?

Jul 28, 2009 12:15 PM #1
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Rainer
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Nelia Valdez

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