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$72,000 · ANDREWS, TX 79714
Works for flippers · Works for landlords

Sold

$72,000Asking price

2 bd · 1 ba · 1,525 sq ft · built 1959

ANDREWS, TX 79714

No contract on file

via InvestorLift Classic

Listed Sep 21

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $160,000
Asking price: −$72,000
RepairsMiddle of the seller’s $29,000 – $39,000. Ours: $22,000 – $46,500: −$34,000
Loan, holding, closing20% down, 12% interest, 2 points, 74 days: −$9,513
Profit27.8% of ARV · flippers want 10%+: $44,487
Works

Works for a flipper up to $98,000.

INTEGRITY HOMES TX LLC

Joshua Brackeen

No reviews yet

Comps

Sales

Rents

ARV $160,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $58,000.

The sales behind this value are shown to members.

ARV $160,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

INTEGRITY HOMES TX LLC

Joshua Brackeen

No reviews yet

Seller Description

VACANT | SINGLE-FAMILY | FLIP / BRRRR / RENTAL

Investor opportunity in Andrews, TX featuring a 2-bedroom, 1-bathroom single-family home with 1,092 SF on an 8,123 SF lot.

DEAL OVERVIEW

Starting Price: $72,000
Buy It Now: $81,000
ARV: $160,000
Estimated Repairs: $29K–$39K
Starting Price / SF: $65.93
Buy It Now / SF: $74.18
ARV / SF: $146.52

GROSS PROJECT SPREAD

At the $81,000 Buy It Now price:

Estimated gross spread: $40K–$50K

At the $72,000 Starting Price:

Estimated gross spread: $49K–$59K

Gross spread is not projected net profit. It does not account for financing, interest, holding costs, utilities, insurance, closing costs, commissions, resale expenses, taxes, permits, unexpected repairs, or other project costs.

PROPERTY HIGHLIGHTS

2 Bedrooms / 1 Bathroom
1,092 SF
8,123 SF lot
Built in 1955
Vacant
Driveway parking
Wood-burning fireplace
Light rehab
No major issues currently reported
Inspection report is not currently available

INVESTMENT STRATEGIES

Potential strategies include:

Fix & Flip
BRRRR
Long-Term Rental

Buyers should independently verify rental income, market rents, ARV, repair costs, property condition, and all other investment assumptions.

SHOWING / ACCESS

Do not visit the property without a confirmed appointment.

Buyers must first speak with a team member by phone before the property address is released. Once confirmed, buyers can coordinate a one-hour showing window.

Contact: Joshua BrackeenPhone: 806-515-3575

There may be another open house next week. Contact Joshua for the latest showing availability.

AS-IS / DUE DILIGENCE: Property is offered as-is. Buyer is responsible for conducting their own inspections, measurements, title review, zoning verification, repair estimates, financing analysis, and other due diligence before purchasing.