new braunfels single family home

[Patrick Thomas Dickinson]

Investment Info:

Single-family residence buy & hold investment in New Braunfels.

Purchase price: $295,000
Cash invested: $80,000
Sale price: $295,000

This is my latest acquisition

What made you interested in investing in this type of deal?

growing market, halfway between san antonio and austin tx

How did you find this deal and how did you negotiate it?

realtor/ mls

How did you finance this deal?

conventional financing with 25% down payment

[Patrick Thomas Dickinson]

@Bryan Noth

Rents should be about 1700 to 1900 per month. 

With 25 percent down and self managing the property myself number look like this 

Rent 1750

vacancy 87$ or 5 % 

insurance 718 $ sfarm 

Ptax 4500$ 

maintenance 2 % its a 2019 built home hopefully not to many issues 

cap ex 2%

Hoa fees 38$ per month 

loan payment $1025 ( prinicipal and interest) 

Cash Flow should about 100$ from day 1. I figure with rent increases year on year cash flow will increase substantially and this is more of an appreciation play as well