[streetview width=”100%” height=”250px” lat=”29.882884″ lng=”-95.52128099999999″ heading=”-182.64587372051716″ pitch=”0.25120514997235377″ zoom=”1″][/streetview]
Note: Streetview imaging of the asset is provided as a courtesy to gauge the immediate neighborhood & property location. The streetview imaging is based on actual property address, however always rely on actual photos and property inspection. This property is currently in the final stages of rehab and tenant placement. Actual photo’s being updated. [iphorm_popup id=1 name=”Contact Form”]Questions about this property[/iphorm_popup]
Property Address: 8411 Battleoak Drive Houston, Texas 77040 Price: $95,040.00
Year of Construction: 1990 Square Footage: 2,300
Monthly Rental Income: $1200 Gross Annual Income: $14,400
Net Operating Income: $8640
NOI & CAP calculation’s based on 40% operating expense aggregate. ( actual’s below) Note: To customize you or your firms operating expense guidelines for future asset offerings please[iphorm_popup id=10 name=”Private Equity Acquisition Criteria”] Click Here to update market variables & assumptions[/iphorm_popup]Cap Rate: 9.0%
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Overview
• Annual Taxes: $3,424.00 (successful local property tax firm has protest taxes Q1 of 2013)
• Annual Insurance: $1,000.00
• Management fee: 9%
• Annual HOA fees: $192.00
• The Property is currently being completely refurbished to a high standard
• Fully managed by Real Property Management, totally hands off investment
• One year rent guarantee and 12 month home warranty contract provided
• Seller pays title policy fee
Ongoing Annual Position Annual Monthly
Gross Income $14,400.00 $1,200.00
Management Fee (9%) $1,296.00 $108.00
Property Hazard Insurance $1,000.00 $83.33
Annual Property Taxes $3,424.00 $285.33
Home Owners Association $192.00 $16.00
Net Rental Income: $8,488.00 $707.34