Attention investors looking for rentals in the College Station/Bryan, TX areas. I’ll try to keep you informed about trends and cash flow opportunities. Keep your eye on the College Station market because the Texas A&M area is still ‘RENTAL MARKET SUPREME!’ Texas A&M University has posted a record enrollment of 68,625 students for the fall 2017 semester, remaining the largest university in Texas and among the national leaders. Click here for important enrollment stats for investors. Parents of students can invest in local housing and reduce the cost of college expenses for their kids. I want to talk to you about how to get it done and save money. Don’t put this off if you have kids here in College Station or plan to in the future. Contact Myke Leatham, Realtor/Broker of Brazos County Realty, LLC Office phone: 979-693-0201 for full access to the entire Multiple Listing Service for the Brazos and surrounding counties. Let me know what else I can do to help make your searching for property investment opportunities a little bit easier.
Here’s an example of a good investment. Upscale duplex located within 10 minutes of Blinn and TAMU with 3 bed and 3 bath on each side. Your student lives in one bedroom and leases out the rest to roommates to make the mortgage payment. With 25% down on a 30 yr mortgage ($69,975), your mortgage would be $209,925 and your payment would be approximately $1,053.53. Rents in the B/CS area right now are between $400 and $600/month. So, worse case scenario at $400/month/bedroom, if your child were living in one of the rooms, your cash flow would be approximately $546.47 and your child would have free housing and you would be making money instead of losing it. :-). Sell when your child graduates and you make money again. Worse case scenario you break even, and you win again. Your child gets FREE HOUSING! Call me.
I’m always here if you need me.
Myke Leatham, Broker/Owner
https://www.rentcafe.com/blog/rental-market/apartment-rent-report/rentcafe-apartment-market-report-september-2017/