305 Ave B, La Marque, TX 77568 Pending

  • $72001.00
  • 3 beds
  • 2 baths
  • 1350 sqft

SUBMIT Proof Of Funds FOR ACCESS INVITATION

Qualified Buyer for Showing Form

Qualified Buyer for Showing Form
  • This field is for validation purposes and should be left unchanged.

$115,000 ARV

$1,099.00/Month Rent

DO NOT DISTURB RESIDENT

About Repairs: Needs Foundation Work, Windows are boarded just because of Hurricane Precaution, Updated Paint Inside and Out.

How to Access Property: Buyer ACCESS By INVITATION Only Must Submit Proof of Funds. DO NOT DISTURB.

Miscellaneous: Never flooded, Roof and HVAC in great condition.

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.

See attached Comparables.

comparative_market_analysis_20201005_093928

**WARNING ALWAYS CALL TO CONFIRM** FIDELITY NATIONAL TITLE – CLICK HERE FOR WIRE INSTRUCTIONS

Asset Bucket
Rental
Temp to Perm Refinance
Gains and returns
Equity Capture Gain $20,000.00
Projected Cash Flow Per Year $5,196.00
Return on Capital by Equity 130%
Cash on Cash Returns 33.9%
Cash flow
monthly rent $1,099.00
refi note payment $428.28
2nd Lien note Payment $0.00
property tax $165.00
property ins+HOA $72.92
Property Management Fee $0.00
Passive Net Cash Flow $432.81
Self-Managed Net Cash Flow $432.81
Cash out of pocket
hard-money cash to close $17,037.00
hard-money holding cost $1,587.00
refi cash to close $0.00
2nd Lien Financing $0.00
refi cash back at closing -$3,281.50
TOTAL $15,342.50
Price:
$72001.00
Address:
305 Ave B, La Marque, TX 77568
La Marque, TX 77568
Square Feet:
1350
Lot Size:
9583
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1955
Basement:
N/A
Const. Type:
Stone and Siding
MLS #:
N/A - Off Market

Call 832-495-4522 for more details

Property Location