$51,000 · ALICE, TX 78332
Works for flippers

Available

$51,000Asking price

2 bd · 1 ba · 1,272 sq ft · built 1970

ALICE, TX 78332

Contract on file

via InvestorLift Classic

Listed Oct 9

Works for flippers

The Numbers

Sells for (ARV)From the listing: $150,000
Asking price: −$51,000
RepairsMiddle of the seller’s $50,000 – $60,000. Ours: $53,500 – $89,000: −$55,000
Loan, holding, closing20% down, 12% interest, 2 points, 82 days: −$7,946
Profit24.0% of ARV · flippers want 10%+: $36,054
Works

Works for a flipper up to $70,000.

HOUSE BUYERS TEXAS LLC

Dylan Wainscott

No reviews yet

Comps

ARV $150,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ARV $150,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

HOUSE BUYERS TEXAS LLC

Dylan Wainscott

No reviews yet

Seller Description

ALICE, TX 78332

ASKING: $51,000

ARV: ~$150,000

REHAB: ~$50,000

PROPERTY• 2 Bed / 1 Bath on Record (Functions as 4/1)• ~1,272 Sq Ft on Record (~1,600+ w/ Add-On)• Large Corner Lot on Main St (~0.5 Acre)• Pier & Beam Front / Slab Add-On• Sold As-Is

THE NUMBERS• Asking: $51K• Estimated Rehab: ~$50K• Projected ARV: ~$150K

WHAT IT NEEDS• Roof (~20 yrs, leaking)• Sewer Line (clay pipe)• Flooring Throughout• Finish 2nd Bath + Add Closets (back add-on is unpermitted)• Window Units — Old Central Ductwork Still in Place• Possible Mold From Roof Leaks

INVESTMENT HIGHLIGHTS• Low Entry Price• Upside to a 4/2 With 2nd Bath + Closets• Big Corner Lot Near School• Flip or Rental Potential

This one needs a full remodel — priced accordingly.

Photos, comps & additional information available.

Dylan — 409-795-1034

House Buyers Texas