Texas Subject To w/ Only 7% Entry Fee!

Description

🏠 𝗡𝗼𝗹𝗮𝗻𝘃𝗶𝗹𝗹𝗲,𝗧𝗫 🏠
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❗ 𝟳% 𝗘𝗻𝘁𝗿𝘆 𝗙𝗲𝗲 ❗
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𝗣𝗥𝗢𝗣𝗘𝗥𝗧𝗬 𝗗𝗘𝗧𝗔𝗜𝗟𝗦 :
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-📍Nolanville,TX (76559 Zip Code)
-Killeen-Temple-Fort Hood Metro Area
– 10 Minutes from Killeen,TX (Population of 160,000)
– 10 Minutes from Temple,TX (Population of 86,000)
– 50 Minutes from Austin,TX ( Population of 965,000)
– Single Family
– 3 Bedroom, 2 Bath 🛏️🛏️🛏️/ 🛀🛀
– 1,272 Square Feet
– Built in 2003
– NO HOA/NO RESTRICTIONS
– Will be performed as a Mirror Wrap or Contract for Deed
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𝗡𝗢𝗧𝗘 𝗗𝗘𝗧𝗔𝗜𝗟𝗦 :
– $189,000 Loan Balance
– 5.125% Interest Rate
– $1,945.21 Monthly PITI (P&I of $1,050.86)
– Solar Panel Balance is Additional
– Solar Panel Balance of $27,986
– Solar Panel Payment of $153.95
– PITI + Solar Payment = $2,099.16
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𝗥𝗘𝗡𝗧𝗔𝗟 𝗥𝗔𝗧𝗘𝗦 :
– LTR of $1,800-$2,000 (Estimate)
– MTR (PadSplit) of $120-$130, per room, weekly (Pulled from Killeen and Temple) (Estimate)
– MTR (FurnishedFinder) of $2,000-$3,000/m (Estimate)
– STR (data.rabbu) of $135/night (Estimate)
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𝗪𝗥𝗔𝗣 𝗘𝗫𝗜𝗧 𝗦𝗧𝗥𝗔𝗧𝗘𝗚𝗬 𝗘𝗫𝗔𝗠𝗣𝗟𝗘:
– Purchase Price of $260,000
– Down Payment of $17,000 (6%)
– Loan Balance of $244,000
– 7.49% Interest Rate
– Principal & Interest Payment of $1,704
– $500/m Net Cash Flow
– 35% Cash on Cash Return (not including closing costs or wrap
down payment)
– $0 Invested on Day 1 if Including Wrap Down Payment (Plus Closing Costs)
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𝗧𝗘𝗥𝗠𝗦 :
– Cash to Close of $17,000 + Closing Costs
– 𝗖𝗮𝘀𝗵 𝘁𝗼 𝗖𝗹𝗼𝘀𝗲 𝗯𝗲𝗶𝗻𝗴 𝟳% 𝗼𝗳 𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲𝗱 𝗩𝗮𝗹𝘂𝗲
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𝗦𝗨𝗠𝗠𝗔𝗥𝗬 :
– $189,000 Loan Balance
– 5.125% Interest Rate
– $1,945.21 Monthly PITI (P&I of $1,050.86)
– Solar Panel Balance is Additional
– Solar Panel Balance of $27,986
– Solar Panel Payment of $153.95
– PITI + Solar Payment = $2,099.16
– Cash to Close of $17,000 + Closing Costs
– 𝗖𝗮𝘀𝗵 𝘁𝗼 𝗖𝗹𝗼𝘀𝗲 𝗯𝗲𝗶𝗻𝗴 𝟳% 𝗼𝗳 𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲𝗱 𝗩𝗮𝗹𝘂𝗲
– NO HOA/NO RESTRICTIONS
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Rinse
And
Repeat 🤟