All Forum Posts by: Zachary Slagle

Texas Tech student rental. 

- 100% leased through July 2016

- At listing price, is cash flowing at 22%

- NOI of $16,860 per year

- Centrally located and close to campus

- 2 car garage, fireplace, separate living area

- College students dream house

- Backyard deck

- Backyard fire-pit

- Backyard hot tub

- Plenty of parking for visitors

- 2nd living area (aka "man-cave")

Only selling because I have moved out of the state so I am liquidating. 

Please feel free to contact me or my representative with any questions. 

I am about to sell my investment property. I would normally be a buy and hold investor but I am selling this property in order to reinvest in my new city. This property is unique because it is a single family home where I've been leasing to Texas Tech students for the inflated rents and constant demand. The property is cash flowing with very high numbers but because it is a single family home, I am having trouble with the valuations. I cannot base the value on a cap rate basis and only somewhat off a cash flow analysis. I just listed this property at a 20% cash on cash return. This seems really high but I am assuming this is just how it is with single family investments? Any thoughts, suggestions, or experience with this?