9 rental properties in San Antonio for $299.9k

[Mike Deltz]

1/1 Efficiency
Lease 4/1/2016‐3/28/2017 @$550/monthly ($400 Deposit) (All Bills Paid)

1/1 Duplex ($650/monthly)
Lease 6/1/2016‐5/31/2017 @$650/monthly

1/1 Duplex
Lease 4/1/2016‐3/28/2017 @$650/monthly ($400 Deposit) (All Bills Paid)

2/1 Duplex ($700)
Lease 6/1/2016‐5/31/2017 @$700/monthly

2/1 Duplex
Lease‐5/1/2016‐4/31/2017@$700/monthly ($400 Deposit) (All Bills Paid)

3/1 Duplex
Lease‐12/1/2015‐12/31/2016@$750/monthly ($350 Deposit) (Water Paid)

3/1 Duplex
Lease‐4/15/2016‐10/31/2016@$750/monthly ($400 Deposit) (Water Paid)

3/1 Single Family House Lease‐5/1/2016‐4/30/2017@$850/monthly ($600 Deposit)

2/1 Single Family House
Leased through Housing month to month but does want to stay. $800/monthly

Water and Electric are calculated around $8014.00 per year Taxes total roughly $4904.00 per year
Insurance is roughly $4309 per year
Management and Maintenance $15000

Gross Revenue ‐ $76800.00 per year
Gross Revenue‐Operating expense=$44573.00 (Net Income)
This is a true 15% Cap Rate
You should be able to recoup your investment in 6 years and cash flow $5K per month after that. Purchase Price: $299,900.00 

Contact me at 210-404-8050 to schedule a showing.