Rental property in Houston, TX for sale.

[Chris Matthews]

This home is located in the Woodlands/Spring area and is a suburb of Houston, TX.  The home owners want to lease back for the remainder of the year while they look for a new home or have one built. 

This house is located in a great part of town, it's right outside of the Exxon Mobile campus, and close enough to the Woodlands waterway to be considered use as an Airbnb.  

Tax rate is 3.6% with an appraised Tax value of $128K for 2017. $384 a month in tax = $916 out of the $1300. Of course if you are financing and or using a property management company this will lower that number. 

If you are someone who is looking to invest but don't want the hassle of owning a rental then I am open to borrowing the $130K and then splitting the rent after taxes giving you $458 a month in mailbox box money occupied or not. I will act as the property management and take care of the property and tenants. Your loan will be secured using this property as collateral. The market value for this property is $155K.

Let me know if you have any further questions.