First Come, First Serve
Address: 5802 Southmont St, Houston, TX 77033, USA
Only $89,000.00 To Secure Today before Investor Showing
Lowest Sold Comp at 5862 Southville Street sold for $95,000 with smaller Living Area and in much worse shape.
About Repairs Range: $18k to $22k
Update Outside for Curb Appeal
Instal Central AC System
2nd Bathroom plumbing and update.
How to Access Property: Buyer ACCESS By INVITATION Only Must Submit Proof of Funds.
Miscellaneous: Never flooded
Buyer pays all closing costs except taxes or liens. Please perform your own due diligence.
$5k Cashiers Check to THE Title Company – Ghrist Law, PLLC Escrow Account secures the deal along with sales agreement.
See attached Comparables.
Temp to Perm Refinance
|Gains and returns|
|Equity Capture Gain||$36,000.00|
|Projected Cash Flow Per Year||$8,076.00|
|Return on Capital by Equity||414%|
|Cash on Cash Returns||92.9%|
|refi note payment||$558.62|
|2nd Lien note Payment||$0.00|
|Property Management Fee||$0.00|
|Passive Net Cash Flow||$673.05|
|Self-Managed Net Cash Flow||$673.05|
|Cash out of pocket|
|hard-money cash to close||$12,027.00|
|hard-money holding cost||$1,777.50|
|refi cash to close||$0.00|
|2nd Lien Financing||$0.00|
|refi cash back at closing||-$5,114.00|
SUBMIT Proof Of Funds FOR ACCESS INVITATION