$195,000
XXX Hagan RD, Whitehouse, TX 75791
Current Rent **
$1,800
Projected Rent **
$1,800
Whitehouse, TX | $70,000 Net Equity| $21,600 PREPAID Rent
End Buyers Only
Whitehouse, TX, 75791
Investment Opportunity + Leaseback:
Asking Price: $195,000
Market Value ($265,000) - Asking Price ($195,000) = Net Equity ($70,000)
Total Prepays at Closing: $23,400
Monthly Rent: $1,800 with 12 months of prepaid rent + Deposit
Total rental income: $23,400
2 BD / 1 BA
Sq. Ft: 1,750
Lot size (Acres): 0.9
Year Built: 2003
Seller wants to stay as a tenant
Pre-approved Financing:
80% LTV DSCR Loan
Cash to Close (Estimated) = $38K - $43K
Why buy this property?
The lease will have a rental escalation YoY of 2%
Shopping and dining 1.8 M
Schools 1.4 Mi
Hospital 7 Mi
TX-110 S 1.3 Mi
No renovations needed
Low Crime Rate
Investment Potential
Proximity to Work
Good Schools
Community Amenities
Important Purchase Terms:
The information provided about properties is sourced from public records including property card and property tax records. We make no representations of any kind. Buyers are strongly advised to conduct their own due diligence before making an offer. A non-refundable earnest money deposit of $2,500 of the Asking Price and a signed purchase agreement are required to proceed with an offer. Our standard policy is an 'as is' sale with no contingencies or inspections, unless otherwise specified. Close as soon as the title is ready (approx 7 days). It is our company policy that the buyer pays for all closing costs including the title insurance fee.
DISCLAIMER:
DO NOT CONTACT THE OWNER/SELLER WITHOUT OUR EXPLICIT CONSENT. ANY ATTEMPTS TO RENEGOTIATE OR CONTACT THE SELLER WILL RESULT IN LEGAL ACTION
Location:
XXX Hagan RD, Whitehouse, TX 75791
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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