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Updated about 10 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • San Antonio, TX
190
Votes |
785
Posts

$52,000 House Makes 13.5% Cap Rate - No Investor Maintenance

Account Closed
  • Real Estate Investor
  • San Antonio, TX
Posted

This house on the southside of San Antonio was purchased cash for $52,000. It had central air added and was painted inside, also the kitchen and bath were rehabbed. Total cost was $10,000. 

Then we got a qualified owner finance buyer in the house, who is responsible for all maintenance. $895 per month, $5000 down, 10% interest, 30 year, no prepayment penalty, may refi anytime. Cap rate is 13.5%.

Most Popular Reply

Account Closed
  • Real Estate Investor
  • San Antonio, TX
190
Votes |
785
Posts
Account Closed
  • Real Estate Investor
  • San Antonio, TX
Replied

What next? Save the cash flow and buy more houses! ;) My mentor/partner retired himself before 30 with several dozen of these owner financed homes, owned in cash. He started out dirt poor as well. 

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