$29,990 · MONTGOMERY, TX 77356
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Available

$29,990Asking price

4 bd · 5 ba · 2,710 sq ft · built 1974

MONTGOMERY, TX 77356

Contract on file

via InvestorLift Classic

1 view · listed Sep 21

These numbers look wrong

No verdict until the price, the value and the repairs add up

Listed priceFar under the value. It may be an entry fee, not the price.: $29,990
Listed ARVFrom the listing: $450,000
Listed repairsFrom the seller: $4,000 – $15,000
Our repair estimateFor this home’s size, ZIP and condition: $0 – $20,500

No profit or return is shown until these add up.

WHOLESALE PROPERTIES HOUSTON

Fred Paskell

No reviews yet

Sales

Rents

ARV $450,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $328,000.

The sales behind this value are shown to members.

ARV $450,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

WHOLESALE PROPERTIES HOUSTON

Fred Paskell

No reviews yet

Over 40% ROI Including Furnishing!

Condition:

Property needs paint throughout and there area some holes in the walls (small) and patches that need to be addressed.
HVAC Units are working per owner
Hardie Trim Missing in a Few Spots
Needs a good cleaning
Bathrooms are in Great Shape
Kitchen is in Great Shape

Estimated Air BNB/ Short Term Rental Rate (Annual): $61,200 to $82,800 (Rabbu)

Estimated Air BNB/ Short Term Rental Rate (Monthly): $5,100 to $6,900 (Rabbu)

Estimated Padsplit (Room Rental) Rate (Annual): $52,800 to $60,000 (Pad Split)

Estimated Padsplit (Room Rental) Rate (Monthly): $4,400 to $5,000) (Pad Split)

PITI: $3,133 /Mo

Mortgage Balance: $363,473.04

Maturity: Feb 2054

Entry Fee Includes: Any Arrears, Cash to Seller and Wholesale Fee

NOTE: The price listed in the entry fee is not the entire purchase price. There is still a mortgage in place (balance listed above).

Deposit: $7,500 (This goes towards the entry fee when you close)