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Updated over 7 years ago, 07/06/2017

User Stats

673
Posts
360
Votes
Sam Craven
  • Houston, TX
360
Votes |
673
Posts

potential 58% ROI (seriously) 6 pack of properties in Houston TX

Sam Craven
  • Houston, TX
Posted

We have available a great package deal of 6 properties.  See the image and link to the google sheet below that lays out ALL the details.  


Link to the spreadsheet is at the bottom, below is a screen capture. Spreadsheet contains links to CMA.

We are one of the most trusted wholesaling companies in Houston and I have been featured on biggerpockets show 33 and 137.  Buy with confidence!

This is a break down of how I would approach this deal with commercial financing:

Market rent assumes repairs and upgrades we laid out are made.

At 80% LTC assuming a $435k ALL IN with 5% interest and 25 year amortization (assuming commercial type financing.If you need this type of financing just reach out).

Payment: $2,046

Annual PI Payment: $24,552

Annual Taxes:$7,357

Insurance: $420mo

Annual insurance: $5,040

NET with no accounting for repairs (everyone likes to calculate this differently)

NOI = $51,335

Equity that gets added to your balance sheet: $90k

Cash out of pocket with 20% LTC financing: $87k

Leveraged ROI: 58%

This is just one way to take this deal down.Some of you will be able to do it with less cash out of pocket and some of you may want to just pay cash and refinance it down the road.Either way this is a fantastic opportunity.

Call, email or text now for more details on this cash flowing opportunity.  

832-722-4815

Offering

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