23 Silver Canyon Pl Spring, TX 77381
3bd, 2.5ba | 2,796sqft | Built in 1985
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Initial Investment
$258,825
List Price: $255,000
Purchase Price
$255,000
Down Payment
100%
Rent
$1,925

Total Return
$96,873
Annualized Return
7.0%
Cap Rate
4.2%
Gross Yield
9.1%
Cash Flow
$9,810
Appreciation
4.4%
Features
Occupancy
Occupied
Lease Start
03/31/2017 
Lease End
04/27/2020 
Lot Size
6,870 
HOA
None
Flood Risk
Not Required
  • Stainless Steel appliances
  • 5-star neighborhood
  • Attractive (10+) school scores
  • Leased through 2020
  • Located in the The Woodlands Cochrans community, which offers a park, lake, pool, and splash pad

Annual Financial Highlight
Expected Rent
$21,945
Expenses
-$5,235
Property Taxes
-$6,900
Loan Payments
$0

Net Cash Flow
$9,810
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.