Location – Energy Corridor in Houston, TX
Strategy – Buy-Hold
Date Acquired – March 2014
Date Resold – May 2018
The real estate market was generally Flat Market during hold period.
(Net of Fees)
Acquisition Price – $195k
Loan Type – Conventional 20% down
Resale Price – $265k
Hold Time – 4yrs 2mos
Equity Multiple 3.15x
Avg. Yearly Appreciation 8.9%
Avg. Vacancy 2%
Avg. CAPEX & Maintenance 3.5%
Management Fee 10%
Avg. Cash-on-cash return 8.8%