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75154, TX

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75154, TX

$85,000 · RED OAK, TX 75154
Works for flippers · Works for landlords

Available

$85,000Asking price

3 bd · 2 ba · 1,998 sq ft · built 2019

RED OAK, TX 75154

No contract on file

via InvestorLift Classic

1 view · listed Oct 2

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $345,000
Asking price: −$85,000
RepairsMiddle of our estimate, $23,000 – $47,500: −$35,250
Loan, holding, closing20% down, 12% interest, 2 points, 74 days: −$15,914
Profit60.5% of ARV · flippers want 10%+: $208,836
Works

Works for a flipper up to $248,000.

NATIONAL PROPERTY SUPERSTORE

Alex Daily

No reviews yet

Comps

Sales

Rents

ARV $345,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $349,000.

The sales behind this value are shown to members.

ARV $345,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

NATIONAL PROPERTY SUPERSTORE

Alex Daily

No reviews yet

Seller Description

SUBJECT-TO OPPORTUNITY – RED OAK, TX

213 Stefani Dr, Red Oak, TX 75154

Take over this newer 3BR/2BA home via Subject-To with a low 2.7% interest rate and an estimated $2,400/month payment. Seller is offering a 1-year leaseback at $3,370/month, creating a strong cash-flow component during the leaseback period.

PICTURES: https://drive.google.com/drive/u/0/folders/1dQ4fuay32nl1SXoE9lsN1YD4OAk2Wg5I

Property Details

3 Bed / 2 Bath
1,998 SF
Built in 2019
Roof: Approx. 5 years old
AC: Approx. 5 years old
Subject-To

SUBTO Terms

Down Payment / Entry: $85,000
Interest Rate: 2.7%
Est. Monthly Payment: $2,400
Seller Leaseback: 1 Year
Leaseback Rent: $3,370/month
Estimated Monthly Spread During Leaseback: $970/month before other expenses

Investor Highlights

Low 2.7% interest rate

Newer 2019 construction

$85K entry

Approx. $970/month gross spread during 1-year leaseback

Roof & AC approximately 5 years old

Red Oak / DFW-area location

For More Information / To Lock It Up:

Contact Alex: 602-505-5874

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