About This Property
This beautiful cozy tenant occupied property is a perfect addition to your investment portfolio. It is a 4 bedroom/2 bath property with a Tenant in the property for the next year. A welcoming open plan for the family with the large living room and open kitchen concept. A lovely backyard for family gatherings. All appliances will be included in the sale and the lease will be transferred. This property is located in Cambridge Falls, a growing area that is easily accessibly from Fort Bend Toll Way and Highway 6.
Property Features
| Beds/Baths | 4 Beds / 2.5 Baths | |||
| Garage/Carport | 2-Car Garage | |||
| Year Built | 2017 | |||
| Lot Size | 528.99 m² ( 5,705 sqft) | |||
| Property Size | 205.22 m² (2,209 sqft) | |||
| Basement | N/A | |||
Property Calculations
| Purchase Price | $325.000 | |||
| Rent Range | $1625-$1725 | |||
| Rent | $2.300 | |||
| Property Management Fees | $230 | |||
| Monthly Property Tax | $217 | |||
| Monthly Home Owner Insurance | $52 | |||
| HOA Fees | $54 | |||
| Monthly Total Expense | $552 | |||
| Monthly Net Income | $1.748 | |||
| Annual Net Income | $20.973 | |||
The Estimated Annual Rent Increase Is 5%
| 1. Year | 2. Year | 3. Year | 4. Year | 5. Year |
| $2.300 | $2.415 | $2.536 | $2.663 | $2.796 |
