Looking for an affordable investment property in Temple, Texas? This tenant-occupied property is reportedly generating $800 per month in rental income, offering an opportunity for investors interested in an income-producing hold or a future resale strategy.
At an asking price of $89,000 and an estimated ARV of $118,000, the property has a potential $29,000 gross spread before repairs, closing costs, holding expenses, financing, and resale costs.
PROPERTY HIGHLIGHTS
Tenant occupied
Current reported rent of $800/month
Tenant occupancy reported through February
Potential buy-and-hold opportunity
Potential future fix-and-flip or resale strategy
THE NUMBERS
Asking Price: $89,000
Estimated ARV: $118,000
Current Reported Rent: $800/month
Annualized Gross Rent: $9,600Potential
Gross Spread: $29,000 before expenses
RENTAL SNAPSHOT
The reported rent equates to approximately 10.8% annual gross rental yield based on the asking price, before taxes, insurance, maintenance, vacancy, management, and other operating expenses.
For fastest response: Cherrie – Dispo Manager Call/Text: (404) 620-2544
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