House Picture
Monday, October 5, 2015
Income Property In The Scorching Hot Dallas Market. CHEAP!
PROPERTY DETAILS
Bedrooms:3
Bathrooms:1.5
Square Footage: 1123
Lot Size: 0.21 acres
Year Built: 1970
Type: Single Family
Garage: 1 car
PROPERTY DESCRIPTION
The Numbers
Estimated ARV - $105,000
Estimated Repairs - $12,000
Estimated Market Rent - $1,100
Estimated Rent Repairs - $7,000
Price - $80,000
Cash On Cash over 11% return per annum
Tenant Occupied month to month at $750 per month. This is way below market rent. Whoever buys this will need to buy it with the tenant in place and can then choose to keep or evict them with 30 days-notice. The tenants have been there 15 years, and know that the property is being sold but cannot afford to pay market rent.
Requirements
Cash or hard money only
$3,000 non-refundable deposit
Buyer pays all closing costs
Property to be sold as-is
Close Date: 10/23/15
Please Do Your Own Due Diligence Before Signing Contract
Details
3 Bedrooms / 1.5 Bathrooms / 1 Car Garage
Living sf – 1,123
Lot sf – 9,302
Yr Built - 1970
Slab
Brick
Repair Estimates
NEEDS:
Kitchen, Bathrooms, Flooring, Paint, Misc.
TOTAL Estimate of $12,000
WONT LAST LONG
Property Under Contract. Contact metroproperties10k@gmail.com
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