Package deal on 14 Town homes Dallas ***Turn-Key****

[Stephen Salerno]

Dallas, TX 75227

Price: $420,000 (Cash or Hard money ONLY)

Great Turn Key Package of 14 Town homes in Dallas. All Units have had the roof replaced recently. There are 12 2/1.1 units and 2 1/1.1 units.

The 2/1.1 units are rented for 645 and the 1/1.1 units are rented for 550. Living areas are down starts with a half bath and bedrooms and full bath are upstairs. All units are under leases. All units are individually deeded and metered for utilities.

Cap analysis.

Gross Operating Income: 106,080

Gross Operating Expenses

Tax: $5,350 Insurance: $6,300 HOA: $19,488 MGMT:10% $10,608

Vacancy/repairs $8486.40

Total: 41,746 50,232.4

Net Operating Income:

55847.6

Cap Rate:

55847.6/420,000=.1329=13.29%

Great return for minimal work from you needed. The Cap could be higher if you were to manage the properties yourself. With the money you save it may be of interest to do so.

For more details and showings please give me call.

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax