This is a beautiful home located in the county of Galveston, city of Leage City, closed to FM 518 and in the school district of Clear Lake making this home a great income property and a fabulous investment for the long term minded.
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Contact Nelia Valdez- Real Estate VP
Signature Real Estate
713-952-3200
*All Property Values are estimates and must be independently verified
| Asking Price | $100,000.00 |
| Aprox. Value | $120,000.00 |
| Investment Scenario 1: 10% Down 30-Year Fixed | |
| Income | |
| Monthly Rent | $1,200.00 |
| Expenses | |
| Mortgage (10% @ 7%) | $598.00 |
| Taxes ($3237.00) | $269.27 |
| Insurance ($1295.00) | $108.00 |
| HOA ($150.00) | $12.50 |
| Total | $987.77 |
| Monthly Cash Flow | $212.23 |
| Annual Cash Flow | $2,546.76 |
| Cash Investment | $10,000.00 |
| Annual Return on Investment | 25.47% |
| 5 Year Outlook | |
| Locked in Equity at Purchase | $20,000.00 |
| Appreciation (5% a year) | $30,000.00 |
| Total Rental Income | $12,733.80 |
| Loan Repayment | $3,522.00 |
| Total Return | $66,255.80 |
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