Two Duplexes Terrell Texas Just East of Dallas

[Stephen Salerno]

ARV – 11.39% CAP

Price – $100,000

Repairs - $90,000

Great Cash Flow 11.39 CAP!!!!

$25,000 per door!

A Brand new Buc-ee’s is about to open 7 minutes away. Lots of new employment opportunities

 The Texas State Demographer's office says that Kaufman County will be one of the fastest growing Texas counties:

Kaufman County; 2010 population - 103,350; 2050 population - 438,487; Change - 335,137; Percent change - 324.30%   

Potential Investor Concerns

Needs a good amount of work

In Terrell

Don’t like cash cow properties in an area of Kaufman County that is rapidly growing.

Comps Breakdown:

113 Walnut St- 1/1 unit. Rented for 650/month 6/1/2015. I went back three years. This the only 1/1 comp I could find. It is similar SQFT to the subject units. With these properties being freshly rehabbed I see no reason this property could not obtain this amount of rent per month. 

Purchase	100,000	Closing Cost	2500	Repairs	90000	Total	192,500
Gross Rent	1300	15600	31,200		Net Rent	21,919
1300	15600
0	0
MGMT 10%			3120
Taxes			2861		Net Rent / Capital exps= CAP	11.39%
vacancy			1300
Insurance			2000
total			9281
Rent 650 per 1/1 units

Pictures and Video 

https://www.dropbox.com/sh/kohpjb230qh2mef/AADKVTb...

Call Stephen Salerno 214 793 124 for more information.