Today’s highlight is brought to you by David Renberg, listing courtesy of Landmark Real Estate.

1020 Houston has some real potential. It is made up of 10, 1-bed, 1-bath apartments. Gross lease is $4,800.

Pros:
This property cash-flows. With a projected 8% cap rate, this property yields high returns.

Cons:
The property is outside the ideal proximity to campus. Because of the age, original design, and number of apartments, the maintenance costs are expected to be high.

Bottom line:
This property is an excellent opportunity for a medium scale investor ready to purchase their next property.

See listing link here.

See link to investment analysis here.

Call Foundation Realty at 785-473-7230 for more details about investing!