We have an investor slot open for a pre-leased new home in the Klein ISD area of North Houston (Spring, Texas). The tenant is ready to sign a 2-year lease with an option to purchase before the end of the 24-month term. Her purchase price is estimated to be $150,000. Property and lease details below.
Property Details
- Target Price: $130,000
- Area: Spring / Klein (Suburban North Houston)
- Type: New Construction Builder Inventory Home
- Plan: 3- or 4-bed, 2-bath, 1,800+ sqft
Lease Details
- Rent: $1,500/mo
- Term: 2-years with Purchase Option
- Purchase Option Price: $150,000
- Option Fee (down payment): $2,500
- Security Deposit: $1,500
The home will be a new construction ‘inventory’ home in the Klein School District, with a minimum price reduction of $20,000. Tenant will sign the lease and deliver the first month of rent prior to closing of the investor’s purchase.
More details on the program can be found on our Simple Rental Investments page.
Full details on this opportunity, including the tenant’s lease application package and a full financial analysis, please contact Johnny at johnny@houstonicon.com or 281.296.6226. You may also contact us through web form on our contact page.
Icon Real Estate is an independent real estate brokerage servicing the Suburban North Houston area, including The Woodlands, Spring, Conroe, and Tomball. Typical investor clients are individuals or small investment groups looking for long-term and high-equity rental acquisitions. Icon investor services include sales, leasing and property management for single-family homes, as well as general consulting, goal-setting, and education for local and out-of-state investment clients. For more information, visit Icon’s investor portal at http://www.houstonicon.com/invest/.
