Single Family Home, 3 bedrooms, 2 baths, 2 car garage built in 1982, 1147 SF located near Fry Rd and Clay Rd. Katy Bank Foreclosure.
Potential for great return on investment. Minor Make Ready.
Asking price is $55,400
Approximate value $85,000
Listing Firm: Yanez Realty
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RENTAL INCOME PROPERTY BREAKDOWN
| Asking Price | 55,400 |
| Approximate Value | 85,000 |
| Captured Equity | 29,600 |
| Monthly Rent | 800.00 |
| Mortgage Payment @ 10% down | 323.39 |
| Property Taxes | 231.00 |
| Homeowners Insurance | 50.00 |
| Homeowners Association | 20.00 |
| Total Payments | 624.39 |
| Monthly Cash Flow | 175.61 |
| Annual Cash Flow | 2,107.31 |
| Cash Investment | 12,202 |
| Annual Return on Investment | 17.27% |
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INVESTMENT SCENARIO (PROPOSED)
| Offered Price | 50,000 |
| Approximate Value | 85,000 |
| Captured Equity | 35,000 |
| Monthly Rent | 800.00 |
| Mortgage Payment @ 10% down | 291.87 |
| Property Taxes | 231.00 |
| Homeowners Insurance | 50.00 |
| Homeowners Association | 20.00 |
| Total Payments | 592.87 |
| Monthly Cash Flow | 207.13 |
| Annual Cash Flow | 2,485.57 |
| Cash Investment | 11,500 |
| Annual Return on Investment | 21.61% |
Interior Photos:
Erion Shehaj
Real Estate Broker
713-952-3200
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