𝐓𝐖𝐎-𝐔𝐍𝐈𝐓 𝐌𝐔𝐋𝐓𝐈𝐅𝐀𝐌𝐈𝐋𝐘 𝐒𝐔𝐁-𝐓𝐎 𝐃𝐄𝐀𝐋𝐂𝐀𝐒𝐇 𝐅𝐋𝐎𝐖𝐒 𝐃𝐀𝐘 𝟏 — 𝐌𝐀𝐒𝐒𝐈𝐕𝐄 𝐁𝐄𝐋𝐎𝐖 𝐌𝐀𝐑𝐊𝐄𝐓 𝐑𝐄𝐍𝐓!
1241 16th St, Galena Park, TX 77547
𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 • Type: Duplex• 2 bed / 2 bath• 1 bed / 1 bath • Occupancy: 100% (Good tenants in place)
𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥𝐬 • Purchase Price: $244,000• Down Payment: $35,000 + CC• Loan Balance: $209,000• Interest Rate: 4%• Monthly PITI: $1,800
𝐑𝐞𝐧𝐭𝐚𝐥 𝐈𝐧𝐜𝐨𝐦𝐞• 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐑𝐞𝐧𝐭: $2,300/mo (Cash flows $500/mo)• Unit 1: $1,325• Unit 2: $945
• 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐧𝐭: $𝟐,𝟖𝟓𝟎/𝐦𝐨 ($1,050 cashflow)• Unit 1: $1,750• Unit 2: $1,100
𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 • No repairs needed • 100% Occupied • Cash flows from Day 1 • good paying tenants in place • Below-market rents = value-add opportunity
Deal Summary https://drive.google.com/drive/folders/1g1gdgy1AVGpYZEpX1_u7PU-9J2C7F0ur
Mortgage Statement https://drive.google.com/drive/folders/1IToBFYowh3E8OAUvkjQtEd8cCfVgZuOC
Rental Projection
https://drive.google.com/drive/folders/1o0LkLKGoYm2_WG-DeIWqbn-AFOPTSqHZ
Property Photoshttps://drive.google.com/drive/folders/19YBxGE7Niu_7UUGkcdDD2-MVeABeBSzH