SUBMIT Proof Of Funds FOR ACCESS INVITATION
FIRST COME, FIRST SERVE
2 Houses for the price of 1 lot inside of the 610-LOOP!
3/1/840 sf and a 2/1/720 sf
Where else could you find such a steal?
Multiple exit strategies.
Best Comparable is 822 Booth Street sold for $343,000 with 0 Days On Market.
Across the street 822 Wilkes Street, Houston, Texas 77009 is listed with just 1 house for $239,900.00
Each house renovated could rent for $1,375/Month … that is $2,750+/Mo Revenue with one purchase inside of the loop!
At $212,000 this makes for a NO BRAINER!
Click Here for Tax Report:
Houses need complete renovations but this is an absolute great hold… you just can’t simply find deals like this inside of the loop often.
Temp to Perm Refinance
|Gains and returns|
|Equity Capture Gain||$43,000.00|
|Projected Cash Flow Per Year||$15,912.00|
|Return on Capital by Equity||91%|
|Cash on Cash Returns||33.7%|
|refi note payment||$1,173.10|
|2nd Lien note Payment||$0.00|
|Property Management Fee||$0.00|
|Passive Net Cash Flow||$1,325.81|
|Self-Managed Net Cash Flow||$1,325.81|
|Cash out of pocket|
|hard-money cash to close||$56,837.00|
|hard-money holding cost||$3,405.50|
|refi cash to close||$0.00|
|2nd Lien Financing||$0.00|
|refi cash back at closing||-$13,002.50|
How to Access Property: Buyer ACCESS By INVITATION Only Must Submit Proof of Funds. DO NOT DISTURB.
Miscellaneous: Never flooded
Property is and will be VACANT by closing.
The buyer pays all closing costs except taxes or liens. Please perform your own due diligence.
$5k Cashiers Check to Fidelity National Title Agency Inc secures the deal along with sales agreement.