Looking for Rental Properties? We have two homes side by side in Kendleton Texas. Cap Rate is over 8.7% with these homes. They are rented and have been rented to the same tenants for over a year. These homes did not have any flooding. Rents for 13202 HP Johnson total $7,800 a year at $650 Rents for 13138 HP Johnson total $8,400 a year at $700 Cap Rate is the rate of return (think Interest) you would get if you bought the houses for cash. 8.7% is a lot more than any bank has paid in a long time. Google Cap Rate for more information. We included the taxes as an expense as well as a small amount for maintenance. We rehabbed these homes including new roofs before renting them. Price for both homes $165,000 for $16,200 in yearly rent at current rents. 13138 HP Johnson is $75,000 for a 8.72% cap rate. 13202 HP Johnson is $70,000 for a 8.71% cap rate. See Zillow.com for exact location and more information. Cap Rate formula Net Operating Income divided by Sales Price = Cap Rate Rental Real-estate is a great way to diversify your investments while getting residual income. If you are new to owning rental real-estate ask you accountant/tax lawyer about setting up an LLC to own the properties.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
