235 Summerside Ave
Lockhart, TX 78644
List Price
$239,000
Initial Investment
$65,128Purchase Price
$239,000
Down Payment
25%
Rent
$1,830
Total Return
$146,428
Annualized Return
26.0%
Cap Rate
5.1%
Gross Yield
9.2%
Cash Flow
-$1,704
Appreciation
10.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
5,750
HOA
None
Flood Risk
Not Required
NO HOA! Amazing investment opportunity or starter home. New HVAC and hot water heater 2016. Quaint 3/2 with easy access to Austin, Seguin, San Antonio, Kyle, Buda, San Marcos. Storage in backyard included! Recently installed privacy fence and a very short distance to the community park and playground. Enjoy two entrances/ exits into the neighborhood. The storage shed in the back yard conveys as does the refrigerator. You'll love the stone facade, gas fireplace, and shade trees.
See more in Analysis
Kevin Guerin
Guerin Property Services
TX Agent License #610683
Annual Financial Highlights
Expected Rent
$20,862Expenses
-$3,753Property Taxes
-$5,820Loan Payments
-$12,993Net Cash Flow
-$1,704See more in Financials
Property Characteristics
Buyer's Agent
An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
Property Management
Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Last Updated: 04/22/2024 17:04
Last Updated: 04/22/2024 17:04