Investment Property Located in PEARLAND, TX 77581
Property Features:
This 4/3 home is a perfect go to property for instant equity. Current tenant's have a valid lease in place til 8/31/2024. $2,750/mo.
Hypothetical Financing Numbers for a rental loan scenario:
- Loan Amount: $260,000
- Down Payment: $52,000 (20%)
- Financed Amount: $188,000
- Length of Term: 30 Years
- Interest Rate: 8.5%
- Taxes: $6578 (Annual)
- Insurance: $1800 (Annual)
- Estimated PITI: $2143.73
- Estimated Cash Flow: $606.27
Repairs: Cosmetic from wear and tear.
AC replaced in 2021.
Roof is getting old but will likely not need replacing anytime soon.
Earnest Money Deposit (EMD) of 7,500 must be wired to the Title Company within 1 day of Assignment Contract signing.
Due Diligence: Buyers are asked to perform their own due diligence on the property.
Closing Costs: End Buyer will pay all Closing costs and will be outlined on the final settlement statement of the deal.
NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER OR OTHERWISE USING ANY INFORMATION PROVIDED TO YOU UNLESS YOU HAVE THE EXPRESS WRITTEN CONSENT OF BTZ INVESTMENTS, LLC.
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