INVESTMENT OFFERING MEMORANDUM
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138 GREY MOSS COURT
INGRAM, TEXAS 78025
Income-Producing Rental Property
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EXECUTIVE SUMMARY
We are pleased to present an exceptional investment opportunity featuring a fully occupied property in the desirable Westwood Oaks subdivision of Ingram, Texas. This turnkey investment offers immediate cash flow with strong fundamentals and a proven rental history. Seller financing may be available for qualified buyers.
Key Investment Metrics
Annual Gross Income $33,225
Current Occupancy 100%
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PROPERTY OVERVIEW
Property Specifications
• 2,062± total square feet
• 0.38 acre lot with mature landscaping
• Two separate home units: one 1,368 SF 3/2 mobile home and one 1/1 694 SF cottage
• Renovated in 2022
• Ingram Independent School District
Location Advantages
• Westwood Oaks subdivision
• Texas Hill Country setting
• Strong rental market fundamentals
• Proximity to Kerrville and San Antonio
• Quality school district
Property Features
• Wood-look cabinetry throughout
• Vinyl flooring and premium countertops
• Modern appliances in both units
• Fenced between units for privacy
• Low-maintenance construction
Investment Highlights
• Established tenant base
• Recent renovations completed
• Strong cap rate performance
• Minimal capital expenditure needs
• Stable cash flow history
• Seller financing may be available to qualified candidates
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CURRENT RENT ROLL
Active Tenants - October 2024
Unit A
• Monthly Rent: $1,550
• Unit Size: 3BR/2BA, 1,368 SF
• Lease Start: October 1, 2024
• Term: 12 months
• Security Deposit: $1,650
Unit B
• Monthly Rent: $1,200
• Unit Size: 1BR/1BA, 694 SF
• Lease Start: June 1, 2025
• Term: 12 months
• Security Deposit: $1,350
Total Monthly Rental Income: $2,750
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FINANCIAL ANALYSIS
2025 Pro Forma Operating Statement
Revenue & Expenses Annual Amount Monthly Amount
GROSS RENTAL REVENUE $33,225 $2,769
Unit A ($1,550 × 12 months) $18,675 $1,556
Unit B ($1,200 × 12 months) $14,550 $1,213
ONE-TIME EXPENSES (2024) ($2,571) ($214)
Insurance ($1,076) ($90)
Real Estate Taxes ($1,495) ($125)
Key Investment Metrics Summary
Cash Flow Analysis:
• Strong monthly cash flow
• Immediate income generation upon acquisition
• Stable tenant base with established leases
Investment Advantages:
• Turnkey Property - Recently renovated and fully occupied
• Low Maintenance - Minimal ongoing capital expenditure needs
• Stable Cash Flow - Proven rental history with quality tenants
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MARKET ANALYSIS
Ingram, Texas Investment Climate
Located in the heart of the Texas Hill Country, Ingram offers investors a unique combination of scenic beauty and rental market stability.
Demographics & Economic Drivers
Community Characteristics:
• Growing population seeking rental housing
• Family-oriented community atmosphere
• Strong local employment base
• Quality school district attracts long-term tenants
Economic Fundamentals:
• Tourism and hospitality sector growth
• Proximity to Kerrville medical facilities
• Expanding retirement community
• Hill Country recreation economy
• Stable rental demand patterns
Location Benefits:
• Westwood Oaks is an established, desirable subdivision
• Close proximity to major Texas markets (San Antonio)
• Hill Country location provides natural beauty and recreation
• Strong community amenities and infrastructure