12014 Oakner Dr Tomball, Texas 77377 Pending

  • $125000
  • 3 beds
  • 2.5 baths
  • 1505 sqft

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$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:

Call for Access. DO NOT DISTURB.

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
Price:
$125000
Address:
12014 Oakner Dr
Tomball, TX 77377
Square Feet:
1505
Lot Size:
4491 sqft
Bedrooms:
3
Bathrooms:
2.5
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1994
Const. Type:
Brick
MLS #:
Off Market

Call 832-495-4522 for more details

Property Location