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TOMBALL INCOME PROPERTY FOR SALE

By
Real Estate Agent with Signature Real Estate

THIS IS A 3 BEDROOM, 2 BATH, 2 CAR GARAGE, BUILD 2002, SF 1623

 

Asking Price100,000.00
Aprox. Value120,000.00
Investment Scenario 1: 10% Down 30-Year Fixed
Income
Monthly Rent1,200.00
Expenses
Mortgage ($90,000 with a 7.00% interest)598.00
Taxes ($3445.00)287.00
Insurance ($700.00)58.00
HOA ($250.00)21.00
Total964.00
Monthly Cash Flow236.00
Annual Cash Flow2,832.00
Cash Investment10,000.00
Annual Return on Investment28.32%
5 Year Outlook
Locked in Equity at Purchase20,000.00
Appreciation  (5% a year)30,000.00
Total Rental Income 14,160.00
Loan Repayment5,075.00
Total Return69,235.00

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