Southmont St Special Pending

  • $89000
  • 3 beds
  • 2 baths
  • 1399 sqft
Pending

First Come, First Serve

Address: 5802 Southmont St, Houston, TX 77033, USA

$150,000 ARV

$1,450.00/Month Rent

3 Bedroom

2 Bathrooms

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

New Roof

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.

CMA – 5802 Southmont St, Houston, TX 77033

Rental
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%
Cash flow
monthly rent $1,450.00
refi note payment $558.62
2nd Lien note Payment $0.00
property tax $126.67
property ins+HOA $91.67
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
TOTAL $8,690.50


Qualified Buyer for Showing Form

Qualified Buyer for Showing Form
  • We do not entertain offers without Proof of Funds. Once you submit your Proof of Funds we save it in your file and you can have early access. If you are an agent or wholesaler Click Here for Our Process: https://www.loom.com/share/04972a4f7bc4404bb4dd9acf81695754?sharedAppSource=personal_library
  • This field is for validation purposes and should be left unchanged.

SUBMIT Proof Of Funds FOR ACCESS INVITATION

 

Wiring Instructions – Ghrist FUB

Price:
$89000
Address:
5802 Southmont St
Houston, TX 77033
Square Feet:
1399
Lot Size:
8,421sqft
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1950
MLS #:
Off Market

Call 832-495-4522 for more details

Property Location