IT · Keller, TX · Member since 2015 · 2 posts · 0 votes
HI All,
I am thinking of buying a single family investment home in west of Keller, TX (something like Saginaw, fortworth etc). The prices seem to be high. From my search, a 2005+ home coming for around 140K in a good neighborhood (seems like) and fairly ok schools. When I do the math, after all expenses I get about 250$ per month (if the house is rented out). Would this be a good investment now?. Do I need to worry about market crash?. My primary intention is getting passive income. Please share your valuable thoughts. Any helpful information is greatly appreciated. Thanks in advance.
@Hari Bhogi you can use the Rental Property Calculator to do the math and you can also watch the youtube video that will show you how to analyze a rental property.
Depends. What are you putting down? What is your cash on cash goal? At 20%, your cash on cash is just over 10%. Do you see future appreciation in this market?
Depends. What are you putting down? What is your cash on cash goal? At 20%, your cash on cash is just over 10%. Do you see future appreciation in this market?
Mark
Hi Mark,
Thanks for your response. I am not sure about the growth. The locality and the community seems good. You are right about 10%. My goal is to get a decent passive income. My only concern is am I doing the right thing, or atleast this is considered an investment in this market.....