Turnkey Property: Spring, TX; Cash Flow: $2,381; 32.5% ROI

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  • Tim Shin
    Investor · Houston, TX · Member since 2014 · 242 posts · 81 votes
    10y

    What's the elementary school?

    0Reply
  • Tom Cooper
    Real Estate Investor · Houston, TX · Member since 2014 · 173 posts · 128 votes
    10y

    @Marco Santarelli, How are you coming up with a 32% ROI? The 6% COC makes sense. I also think your property tax numbers look really low.

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  • Marco Santarelli
    OP
    Specialist · Orange County, CA · Member since 2008 · 2k+ posts · 623 votes
    10y

    @Tim Shin

    The elementary schools and ratings are: 

    Benfer Elementary School  7
    Kuehnle Elementary School  9
    Haude Elementary School  9
    Kreinhop Elementary School  7
    Roth Elementary School  8

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  • Marco Santarelli
    OP
    Specialist · Orange County, CA · Member since 2008 · 2k+ posts · 623 votes
    10y

    @Tom Cooper

    Hi Tom,

    The ROI is the Total ROI which includes the cash-flow, annual amortization, and annual appreciation (est.) based on the sale of the property at the end of the year.

    I'll double-check the property taxes, but my initial check shows it's in line.

    Thank you!

    0Reply
  • Tim Shin
    Investor · Houston, TX · Member since 2014 · 242 posts · 81 votes
    10y
    Originally posted by @Marco Santarelli:

    @Tim Shin

    The elementary schools and ratings are: 

    Benfer Elementary School  7
    Kuehnle Elementary School  9
    Haude Elementary School  9
    Kreinhop Elementary School  7
    Roth Elementary School  8

     This house is zoned to 5 elementary schools? That seems odd. Which is the one is actually zoned to? 

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  • Marco Santarelli
    OP
    Specialist · Orange County, CA · Member since 2008 · 2k+ posts · 623 votes
    10y

    @Tim Shin -- sorry about that.  It's assigned to Benfer Elementary School.

    Continued success!

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