3 Bedrooms, 2 Baths
Home Size: 1,784 sq ft
Lot Size: 5,775 sq ft
Year Built: 2004
Offer Price: $87,000
Approximate Value: $125,000
Equity: $38,000 (30.40%)
Area: North Katy near Fry Rd
Need a safer place to invest your money? This 3 Bed/2 Bath investment property in North Katy is the perfect vehicle to escape the dizzying stock market volatility. Acquisition price would be 30% below current, conservative market value. The incoming rent would exceed operating expenses and create a positive income flow in excess of $8,000/year with returns on investment (cash on cash) of 8.94%. Built in 2004, this property will require minimal maintenance and since it is in a high demand area, it would be easy to rent to a stable long term tenant. If you want to know how to execute such an investment, let’s talk.
Rental Income Breakdown
Listed with: Re/max Cinco Ranch
