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SPRING INCOME PROPERTY FOR SALE

By
Real Estate Agent with Signature Real Estate

THIS IS A 4 BEDROOM, 2 FULL BATHROOMS, 2 CAR GARAGE IN THE NORTH SIDE OF HOUSTON.

Asking Price65,000.00
Aprox. Value90,700.00
Investment Scenario 1: 10% Down 30-Year Fixed
Income
Monthly Rent950.00
Expenses
Mortgage ($60,000 with a 7.00% interest)399.00
Taxes ($3028.00)252.33
Insurance ($700.00)58.00
HOA ($372.00)31.00
Total740.33
Monthly Cash Flow209.67
Annual Cash Flow2,516.04
Cash Investment5,000.00
Annual Return on Investment50.32%
5 Year Outlook
Locked in Equity at Purchase25,700.00
Appreciation  (5% a year)22,675.00
Total Rental Income 12,580.20
Loan Repayment3,522.00
Total Return64,477.20

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