Houston, TX- 5 Properties- Kevin Wood

[Kevin Wood]

Followed the heading posting above. My 2nd post on this particular is not to ask for advice on a condo, but to share the first 5 properties my business partner and I purchased. All are located in Houston, TX. All are currently rented with the exception of one property where sale is conditional on new carpet, new paint, and rented. Not included here are holding costs at 8%. Insurance amounts are high. All costs are yearly. Here is a rundown of the properties operational costs. We have vacancy estimated at 8% and closing costs etc. :

#1 3 Bedroom 2 Bath

Purchase Price- $88,473

Rent Per Year- 12,806

Mortgage- 4287

Insurance- 500

Taxes- 1,914

Maintenance- 957

Management- 1,025

Miscellaneous- 1,000

#2 3 Bedroom 2 Bath

Purchase Price- $73,727

Rent Per Year- 10,113

Mortgage- 3,572

Insurance- 500

Taxes- 1,541

Maintenance- 770

Management- 809

Miscellaneous- 1,000

#3 3 Bedroom 2 Bath

Purchase Price- $93,388

Rent Per Year- 12,696

Mortgage- 4,525

Insurance- 500

Taxes- 2,056

Maintenance- 770

Management- 809

Miscellaneous- 1,000

#4 3 Bedroom 2 Bath

Purchase Price- $69,795

Rent Per Year- 6,996

Mortgage- 3,382

Insurance- 500

Taxes- 1,500

Maintenance- 729

Management- 795

Miscellaneous- 1,000

#5 2 Bedroom 1 Bath

Purchase Price- $58,982

Rent Per Year- 8,777

Mortgage- 2,925

Insurance- 500

Taxes- 1,287

Maintenance- 643

Management- 702

Miscellaneous- 1,000