Real Estate Investment
A case study on three 4-plexes on Wooten Park Dr is a big file so it is a PDF that you need to download to read. Please click the link above named "4-plexes" and the file will open on your computer using adode.
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6713 Point North Dr., Austin TX 78724
Picture of the front of property
Sale Price $75,000
This property is a 4 bedroom 2 bathroom manufactured home that has a fenced back yard. It is in a subdivision of other manufactured homes and comes with the lot. It is not a lot rental but the price includes the dirt. It is 1792 square feet according to the Travis Country Appraisal District and has a carport. The fence was constructed 2005 and it has had a new HVAC compressor installed. It comes with the refrigerator, stove, dishwasher, garbage disposal. This property is most ideal for a new investor or a family looking for their first home.
There is a new middle school being built around the corner and it should be open in 2008. The elementary school is not far away either. The lot is one of the larger lots in the neighborhood. Take a look at some of the other properties on the market. The list prices for those propertiesare both in the $90K range or about 15K more then this property is listed at ($75,000). There are several new subdivisions being built in the area and this should cause the value to go up as those new properties come online and pull the value of this property up.
The area has been growing tremendously over the past few years. Please click the following link for a demographics study.
The property was purchased as a foreclosure by the current owner and has been a rental. It has been kept in decent shape and is now ready to received the attention that it needs to make it a wonderful home. Now the owners have bigger and better projects to work on and want to find the right person who can love this property the way that they used too. In the past it has gotten people who have occupied it but never loved it the way it needs to be loved.
If you are the right person and want to make a cash offer the owners are willing to consider taking a discount on the property in order for you to be able to make it work. Just submit your cash offer and it can be considered! We are investors and will are offering owner financing on the property.
If you need owner financing we are looking for someone who can put down at least about 10% and who can afford payments of at least $750 per month with a 10% interest loan. That sounds easy enough and it is!
Our back of the envelope analysis included:
|
Flooring |
1000 |
|
|
Painting |
500 |
|
|
Misc |
400 |
|
|
Total |
|
$1,900 |
|
|
|
|
|
|
|
|
These figures are only estimates and you should hire a professional to fully investigate.
Many of the figures are very rough and include paying professionals to do some if not all of the work. It may be possible to get the numbers lower but you would need to investigate that possibility on your own.
If the property were purchased and repaired and turned into a rental my analysis indicates that the property would generate a 21% average annual cash on cash return and a 30% total return if held for 5 years and sold for $75K. The rental rate that was used was on $950 per month. For a four bedroom two bath house that is cheap, but the property is a manufactured home and that has to be taken into consideration when factoring the rental amount. If the sales price could be achieved before the 5 year term the return would rocket skyward!
To see the analysis please click for link for the Property Analysis.
If the property was flipped quickly without doing any repairs just remarketing the property the price could probably be bumped up by $10K for a total of $85K. If the new seller owner financed the property for $6,500 down and payments of $850 per month and a 15% interest rate then the return on investment would be $1,200/$1,000 = 120% per year!
But for analysis purposes lets assume that the initial investment is $3K and then the underlying payment on the first note is $750. The cash flow generated would be $100 per month or $1,200 per year. The return on investment would equal $1,200/$3,000 = 40% return per year!
If the property was given a cleaning and trash removal then the flip price could easily be pushed upward as the property would appeal to a wider range of potential buyers.
Picture of the front of property
Sale Price $30,000
This property is a major fixer upper. It needs everything! Well just about everything. A/C work, Doors, Electrical, Flooring, Landscaping, painting Plumbing roof patching, trash removal, tree trimming, Windows. I am talking A-Z on the list of repairs. Lots of the jobs appear to be small jobs that someone who has moderate rehab skills could tackle. But make no mistake about it this is not for the faint at heart! This is a rehab!!
The value is in the lot. The property has the lowest list price in the neighborhood. Take a look at some of the other properties on the market. This property could easily be cleaned up and turned into a small rent house or replaced with a home in better condition. It is on a culdesac so there is no thru traffic and sits at the top of the hill with good views of the surrounding area. There are beautiful houses going in just off 1431 and the growth is moving toward this property. The area has been growing tremendously over the past few years. Please click the following link for a demographics study.
If the property was closer to my other investments I would consider turning it into a small rent house and renting it out for $500 per month to $650 per month and holding it for a couple of years while the growth continues then selling it for $75K or so.
The property was purchased as a foreclosure by the current owner and has been sold and repo’d several times and has never received the property attention that it needed to make it a wonderful home. Now the owners have bigger and better projects to work on and want to find the right person who can love this property back to health and productivity.
In the past it has gotten people who have occupied it but never loved it the way it needs and consequently the lack of love has shown!
If you are the right person and want to make a cash offer the owners are willing to consider taking a discount on the property in order for you to be able to make it work. Just submit your cash offer and it can be considered! We are investors and will not be offended by a low offer.
If you need owner financing we are looking for someone who can put down at least about 10% and who can afford payments of at least $250 per month with a 10% interest loan. That sounds easy enough but doing the 10% down and 250 a month is the easy part it is the fixing of the property that will require hard work and money to get it done.
Our back of the envelope analysis included:
|
A/C work |
1000 |
|
|
Doors |
500 |
|
|
Electrical |
1000 |
|
|
Flooring |
1000 |
|
|
Landscaping |
1000 |
|
|
Painting |
500 |
|
|
Plumbing |
1000 |
|
|
roof patching |
500 |
|
|
trash removal |
1000 |
|
|
tree trimming |
500 |
|
|
Windows |
500 |
|
|
Misc |
4000 |
|
|
Total |
|
$12,500 |
|
|
|
|
|
|
|
|
These figures are only estimates and you should hire a professional to fully investigate.
Many of the figures are very rough and include paying professionals to do some if not all of the work. It may be possible to get the numbers lower but you would need to investigate that possibility on your own.
If the property were purchased and repaired and turned into a rental my analysis indicates that the property would generate a 21% average annual cash on cash return and a 30% total return if held for 5 years and sold for $75K. The rental rate that was used was on $650 per month. For a three bedroom two bath house that is cheap, but the property is far out and that has to be taken into consideration when factoring the rental amount. If the sales price could be achieved before the 5 year term the return would rocket skyward!
To see the analysis please click for link for the property analysis.
If the property was flipped quickly without doing any repairs just remarketing the property the price could probably be bumped up by $15K for a total of $45K. If the new seller owner financed the property for $1K and payments of $350 per month and a 15% interest rate then the return on investment would be $1,200/$1,000 = 120% per year!
But for analysis purposes lets assume that the initial investment is $3K and then the underlying payment on the first note is $250. The cash flow generated would be $100 per month or $1,200 per year. The return on investment would equal $1,200/$3,000 = 40% return per year!
If the property was given a cleaning and trash removal then the flip price could easily be pushed upward as the property would appeal to a wider range of potential buyers.
Owner Financing
If you would like to purchase the property with owner financing I have attached the following documents for you to fill out to submit your information to us as part of the contract.
I have also attached some examples of the note and deed of trust and other documents that will be a part of the financing package. If you have any questions about them please don't hesitate to ask, but note that in no way, form, or fashion should any information be construed as legal advise. If you need legal advise please consult your attorney.
Please click the link for a copy of the sellers disclosure notice
Please click the link for a copy of the Survey
If you have any questions about the property please email me at Ron@theseaygroup.com.
Please join our linkedin Network at Linkedin.com www.linkedin.com/in/ronseay
9903 Hansford Dr, Austin TX
$135,000
More pirctures of before the property was repaired are below
This property is a rental and the current rent is $1059 which is probably low by about 150 per month.
The pictures before the property was repaired
Pictures before repairs:
Pictures of the old roof before it was replace in 2006
After the hail storm that destroyed the outside
7512 Compass Dr., Austin TX 78724
Picture of the front of property
Sale Price $30,000
This property is a lot for a manufactured home. It has a concrete drive way and all the utility hookups. There used to be a home on the lot but it has been moved. The cars belong to the neighbor who keeps the lot cut for me in exchange I let him park his cars on it. It is in a subdivision of other manufactured homes. This property is most ideal for an investor who wants to put a house on the lot or a family looking for a lot for their manufactured home. http://jm117.com/ is a link to a development right around the corner from this lot that has lots starting at $40,000!
There is a new middle school being built around the corner and it should be open in 2008. The elementary school is not far away either. The lot is one of the larger lots in the neighborhood. Take a look at some of the other properties on the market. There are several new subdivisions being built in the area and this should cause the value to go up as those new properties come online and pull the value of this property up.
The area has been growing tremendously over the past few years. Please click the following link for a demographics study.
The property was purchased as a foreclosure by the current owner and has been vacant since its purchase. It has been kept in decent shape and is now ready to received the attention that it needs to make it a wonderful home site. Now the owners have bigger and better projects to work on and want to find the right person who can love this property the way that they used too. In the past it has gotten people who have occupied it but never loved it the way it needs to be loved.
If you are the right person and want to make a cash offer the owners are willing to consider taking a discount on the property in order for you to be able to make it work. Just submit your cash offer and it can be considered! We are investors and will are offering owner financing on the property.
If you need owner financing we are looking for someone who can put down at least about 10% and who can afford payments of at least $250 per month with a 10% interest loan. That sounds easy enough and it is!
Our back of the envelope analysis included:
|
Manufactured Home |
15000 |
|
|
Painting |
500 |
|
|
Misc |
1400 |
|
|
Carpet |
1500 |
|
|
Lot Costs |
30000 |
|
|
Total |
|
$48400 |
These figures are only estimates and you should hire a professional to fully investigate.
Many of the figures are very rough and include paying professionals to do some if not all of the work. It may be possible to get the numbers lower but you would need to investigate that possibility on your own.
If you then sold the house for $85,000 you would generate a profit of roughly $36,600. If you use the owner financing on the lot for $3K down plus paid cash for the other development costs your return on investment would be $36.6/$21.4 = 171.02% if you got a cash buyer. If you had to owner finance the sale to a new buyer then your annual return would be different. If you got $8,500 down and $700 P & I per month then your return would be calculate as follows. $700 – $250 lot payment = 450 cash flow x 12 = $5,400 / $(21,400 – 8,500=) 12900 = 41.86% per year!!!
If the property were purchased and developed and turned into a rental my analysis indicates that the property would generate a 21% average annual cash on cash return and a 30% total return if held for 5 years and sold for $75K. The rental rate that was used was on $950 per month. For a four bedroom two bath house that is cheap, but the property is a manufactured home and that has to be taken into consideration when factoring the rental amount. If the sales price could be achieved before the 5 year term the return would rocket skyward!
To see the analysis please click for link for the Property Analysis.
Owner Financing
If you would like to purchase the property with owner financing I have attached the following documents for you to fill out to submit your information to us as part of the contract.
I have also attached some examples of the note and deed of trust and other documents that will be a part of the financing package. If you have any questions about them please don't hesitate to ask, but note that in no way, form, or fashion should any information be construed as legal advise. If you need legal advise please consult your attorney.
Please click the link for a copy of the sellers disclosure notice
If you have any questions about the property please email me at Ron@theseaygroup.com.
Please join our linkedin Network at Linkedin.com www.linkedin.com/in/ronseay
6812 Breezy Hill Dr., Austin TX 78724
Picture of the front of property
Sale Price $30,000
This property is a lot for a manufactured home. It has a concrete drive way and all the untility hookups. There used to be a home on the lot but it has been moved. It is in a subdivision of other manufactured homes. This property is most ideal for an investor who wants to put a house on the lot or a family looking for a lot for their manufactured home.
There is a new middle school being built around the corner and it should be open in 2008. The elementary school is not far away either. The lot is one of the larger lots in the neighborhood. Take a look at some of the other properties on the market. There are several new subdivisions being built in the area and this should cause the value to go up as those new properties come online and pull the value of this property up. http://jm117.com/ is a link to a development right around the corner from this lot that has lots starting at $40,000!
The area has been growing tremendously over the past few years. Please click the following link for a demographics study.
The property was purchased as a foreclosure by the current owner and has been vacant since its purchase. It has been kept in decent shape and is now ready to received the attention that it needs to make it a wonderful home site. Now the owners have bigger and better projects to work on and want to find the right person who can love this property the way that they used too. In the past it has gotten people who have occupied it but never loved it the way it needs to be loved.
If you are the right person and want to make a cash offer the owners are willing to consider taking a discount on the property in order for you to be able to make it work. Just submit your cash offer and it can be considered! We are investors and will are offering owner financing on the property.
If you need owner financing we are looking for someone who can put down at least about 10% and who can afford payments of at least $250 per month with a 10% interest loan. That sounds easy enough and it is!
Our back of the envelope analysis included:
|
Manufactured Home |
15000 |
|
|
Painting |
500 |
|
|
Misc |
1400 |
|
|
Carpet |
1500 |
|
|
Lot Costs |
30000 |
|
|
Total |
|
$48400 |
These figures are only estimates and you should hire a professional to fully investigate.
Many of the figures are very rough and include paying professionals to do some if not all of the work. It may be possible to get the numbers lower but you would need to investigate that possibility on your own.
If you then sold the house for $85,000 you would generate a profit of roughly $36,600. If you use the owner financing on the lot for $3K down plus paid cash for the other development costs your return on investment would be $36.6/$21.4 = 171.02% if you got a cash buyer. If you had to owner finance the sale to a new buyer then your annual return would be different. If you got $8,500 down and $700 P & I per month then your return would be calculate as follows. $700 – $250 lot payment = 450 cash flow x 12 = $5,400 / $(21,400 – 8,500=) 12900 = 41.86% per year!!!
If the property were purchased and developed and turned into a rental my analysis indicates that the property would generate a 21% average annual cash on cash return and a 30% total return if held for 5 years and sold for $75K. The rental rate that was used was on $950 per month. For a four bedroom two bath house that is cheap, but the property is a manufactured home and that has to be taken into consideration when factoring the rental amount. If the sales price could be achieved before the 5 year term the return would rocket skyward!
To see the analysis please click for link for the Property Analysis.
Owner Financing
If you would like to purchase the property with owner financing I have attached the following documents for you to fill out to submit your information to us as part of the contract.
I have also attached some examples of the note and deed of trust and other documents that will be a part of the financing package. If you have any questions about them please don't hesitate to ask, but note that in no way, form, or fashion should any information be construed as legal advise. If you need legal advise please consult your attorney.
Please click the link for a copy of the sellers disclosure notice
If you have any questions about the property please email me at Ron@theseaygroup.com.
Please join our linkedin Network at Linkedin.com www.linkedin.com/in/ronseay
7404 Arctic Ct, Austin TX
$95,000
This property is a 3 bedroom 2 bathroom manufactured home with a 2 car detached garage. It also has a fenced back yard. It is in a subdivision of other manufactured homes and comes with the lot. It is not a lot rental but the price includes the dirt. It is 1792 square feet according to the Travis Country Appraisal District and has a carport. It comes with the refrigerator, stove, dishwasher, garbage disposal. This property is most ideal for a new investor or a family looking for their first home.
There is a new middle school being built around the corner and it should be open in 2008. The elementary school is not far away either. The lot is one of the larger lots in the neighborhood. There are several new subdivisions being built in the area and this should cause the value to go up as those new properties come online and pull the value of this property up.
The area has been growing tremendously over the past few years. Please click the following link for a demographics study.
The property was purchased as a foreclosure by the current owner and has been a rental. It has been kept in decent shape and is now ready to received the attention that it needs to make it a wonderful home. Now the owners have bigger and better projects to work on and want to find the right person who can love this property the way that they used too. In the past it has gotten people who have occupied it but never loved it the way it needs to be loved.
If you are the right person and want to make a cash offer the owners are willing to consider taking a discount on the property in order for you to be able to make it work. Just submit your cash offer and it can be considered!
Our back of the envelope analysis included:
|
Flooring |
1000 |
|
|
Painting |
500 |
|
|
Misc |
400 |
|
|
Total |
|
$1,900 |
|
|
|
|
|
|
|
|
These figures are only estimates and you should hire a professional to fully investigate.
Many of the figures are very rough and include paying professionals to do some if not all of the work. It may be possible to get the numbers lower but you would need to investigate that possibility on your own.
If the property were purchased and repaired and turned into a rental my analysis indicates that the property would generate a 21% average annual cash on cash return and a 30% total return if held for 5 years and sold for $125K. The rental rate that was used was on $950 per month. For a Three bedroom two bath house that is cheap, but the property is a manufactured home and that has to be taken into consideration when factoring the rental amount. If the sales price could be achieved before the 5 year term the return would rocket skyward!
To see the analysis please click for link for the Property Analysis. This analysis was done for another property that is very close to this one and very similar in size and layout.
If the property was flipped quickly without doing any repairs just remarketing the property the price could probably be bumped up by $10K for a total of $105K. If the new seller owner financed the property for $10,000 down and payments of $1075 per month and a 10% interest rate then the return on investment would be $1,200/$1,000 = 120% per year!
But for analysis purposes lets assume that the initial investment is $3K and then the underlying payment on the first note is $750. The cash flow generated would be $100 per month or $1,200 per year. The return on investment would equal $1,200/$3,000 = 40% return per year!
If the property was given a cleaning and trash removal then the flip price could easily be pushed upward as the property would appeal to a wider range of potential buyers.
If you have any questions about the property please email me from the Contact Us Page.
Please join our linkedin Network at Linkedin.com www.linkedin.com/in/ronseay
Information Deemed Reliable but not guaranteed and should be verified by personal inspection or with the appropriate professionals. Please read the Information about Brokerage Services. The seller is a licensed agent with The Seay Group, LLC.
More Pictures of Arctic
view of kitchen from dining room ( has a refridgerator not shown in picture)
view of living room from entry
picture of main tub
view of dining room from kitchen
view of sink in main bathroom
view of walk in closet in master bedroom
view of master tub
view of shower and toilet in master bedroom
view of vanity in master bath
view of the landry room from the kitchen
below are some misc pictures and the first is a view of our Junior Executives conducting a property analysis.
A case study on 4800 Spring Meadow Cove, Austin TX 78744
The Spring Meadow Cove property was purchased on April 22, 2003 from HUD for $54,603. The property was built in 1984. The house was a 3 bedroom, 2 bathroom, 2 living areas, a dining area, and a 2 car garage. The house was immediately rehabbed and listed for sale at $115,000. It was sold for sale for $116,000. The repairs were complete by Remar Ministries. It required approximately $7,500 in repairs. The list of repairs included:
Continue reading A case study on 4800 Spring Meadow Cove, Austin TX 78744
Every year I protest my property tax valuations and almost every year it is time well spent. It allows me to learn something new about how my property is valued and what other property is valued at surrounding my property and is a general adventure in dealing with people. Continue reading property tax protests in austin tx travis county
This is a property with 2 houses on one lot. The small house needs work. Click on the following link to see the listing details and some pictures.
I will trade it or use it as the down payment on a larger property. It is listed for sale for $125K. Continue reading 21903 Cold Springs for sale or trade