Top 10 Foreclosure List Week of 1/27/09 BELOW $100,000 3601 Crownover St, Austin, TX 78725 School District: Del Valle ISD Asking Price: $72,700, 1201 sq ft. 3/2, built in 1999 Lease: $895/month, Cap Rate: 10% Monthly Positive Cash Flow: $256 Pro Forma Value in 5 yrs: $121,092; 5 yr ROI: 88% 23% under recent sales comps, 22% under tax appraisal 7137 Walkup Ln, Austin, TX 78747 School District: Austin ISD Asking Price: $89,900, 1365 sq ft, 3/2/1, built in 2003 Lease: $1050/month, Cap Rate: 10% Monthly Positive Cash Flow: $275 Pro Forma Value in 5 yrs: $139,370; 5 yr ROI: 73% 18% under recent sales comps, 18% under tax appraisal $120,000's - $150,000's 82 Verde Ranch Loop, Leander, TX 78641 School District: Leander ISD Asking Price: $130,900, 1892 sq ft. 3/2/1, built in 2006 Lease: $1200/month, Cap Rate: 8% Monthly Positive Cash Flow: $196 Pro Forma Value in 5 yrs: $222,155; 5 yr ROI: 79% 25% under recent sales comps, 11% under tax appraisal 9308 Rowlands Sayle Rd, Austin, TX 78744 School District: Austin ISD Asking Price: $149,000, 1681 sq ft. 3/2/1, built in 2004 Lease: $1200/month, Cap Rate: 7% Monthly Positive Cash Flow: $112 Pro Forma Value in 5 yrs: $210,252; 5 yr ROI: 74% 10% under recent sales comps, 5% under tax appraisal $150,000's - $200,000's 13108 Broughton, Austin, TX 78727 School District: Austin ISD Asking Price: $151,820, 2410 sq ft. 3/2/1, built in 2006 Lease: $1100/month, Cap Rate: 8% Monthly Positive Cash Flow: $198 Pro Forma Value in 5 yrs: $255,295; 5 yr ROI: 105% 24% under recent sales comps, 19% under tax appraisal 220 Covent Dr, Kyle, TX 78640 School District: Hays ISD Asking Price: $154,900, 2950 sq ft, 4/2/1, built in 2005 Lease: $1400/month, Cap Rate: 7% Monthly Positive Cash Flow: $216 Pro Forma Value in 5 yrs: $199,547; 5 yr ROI: 37% 1% under recent sales comps, 18% under tax appraisal 9321 Brandts Wood St, Austin, TX 78744 School District: Austin ISD Asking Price: $159,900, 2697 sq ft, 4/2/1, built in 2004 Lease: $1495/month, Cap Rate: 8% Monthly Positive Cash Flow: $267 Pro Forma Value in 5 yrs: $247,833; 5 yr ROI: 65% 18% under recent sales comps, 22% under tax appraisal 1851 Bayland St, Round Rock, TX 78664 School District: Round Rock ISD Asking Price: $171,900, 3564 sq ft. 4/2/1, built in 2006 Lease: $1500/month, Cap Rate: 7% Monthly Positive Cash Flow: $197 Pro Forma Value in 5 yrs: $313,858; 5 yr ROI: 89% 30% under recent sales comps, 16% under tax appraisal 1703 Melissa Oaks Ln, Austin, TX 78744 School District: Austin ISD Asking Price: $179,900, 2470 sq ft. 4/2/1, built in 2005 Lease: $1450/month, Cap Rate: 7% Monthly Positive Cash Flow: $139 Pro Forma Value in 5 yrs: $230,126; 5 yr ROI: 33% Consistent with recent sales comps, 11% under tax appraisal 3909 Winchester Dr, Cedar Park, TX 78613 School District: Round Rock ISD Asking Price: $345,000, 3896 sq ft. 5/3/1, built in 2006 Lease: $2500/month, Cap Rate: 6% Monthly Positive Cash Flow: $61 Pro Forma Value in 5 yrs: $497,239; 5 yr ROI: 45% 11% under recent sales comps, 7% under tax appraisal *ROI formula: ((Value in 5 yrs+ 5 yr net cash flow) - Purchase Price) / Purchase Price   *Cash flow is assuming 30% monthly expenses Robert Grunnah 1400 S Congress Ave Castle Hill Investments, LLC 512-444-2299

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