SUBMIT Proof Of Funds FOR SHOWING
$185,000 ARV
$1,500/Month Rent
About Repairs: Interior Paint, Carpet Replacement, Sheetorck repairs, Flooring Update. HVAC, Furnace and Roof are recent less than 5 years old.
How to Access Property:
Miscellaneous: Newer Roof, Outside Painted 2-3 years, 4-5 Yrs Old HVAC and Furnace… Pics are older but will get recent pictures soon. First Come, First Serve. $5k Earnest Money Deposit made out to “Fidelity National Title Agency, Inc” with Contract Signed gets the deal. Must be willing and able to close in 15 Calendar days. Please perform your own due diligence. No showings or Access without Proof of Funds and masks. Assignment of Contract.
How Seller Determined ARV:
See attached MLS Comparables.
12014 Oakner Dr Tomball TX – mls_comp_20200827_075856
Comparative Market Analysis6560
| Rental | ||
| Temp to Perm Refinance | ||
| Gains and returns | ||
| Equity Capture Gain | $31,580.00 | |
| Projected Cash Flow Per Year | $4,836.00 | |
| Return on Capital by Equity | 143% | |
| Cash on Cash Returns | 21.9% | |
| Cash flow | ||
| monthly rent | $1,500.00 | |
| refi note payment | $650.16 | |
| 2nd Lien note Payment | $0.00 | |
| property tax | $346.83 | |
| property ins+HOA | $100.00 | |
| Property Management Fee | $0.00 | |
| Passive Net Cash Flow | $403.01 | |
| Self-Managed Net Cash Flow | $403.01 | |
| Cash out of pocket | ||
| hard-money cash to close | $24,165.12 | |
| hard-money holding cost | $2,834.55 | |
| refi cash to close | $0.00 | |
| 2nd Lien Financing | $0.00 | |
| refi cash back at closing | -$4,947.42 | |
| TOTAL | $22,052.25 | |