$115,000 · HOUSTON, TX 77016
Works for flippers · Low return for landlords

Available

$115,000Asking price

4 bd · 1 ba · 1,282 sq ft · built 1960

HOUSTON, TX 77016

Contract on file

via InvestorLift Classic

9 views · 1 saved · listed Oct 27

Works for flippers

Low return for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $210,000
Asking price: −$115,000
RepairsMiddle of the seller’s $35,000 – $50,000. Ours: $18,000 – $37,500: −$42,500
Loan, holding, closing20% down, 12% interest, 2 points, 77 days: −$13,919
Profit18.4% of ARV · flippers want 10%+: $38,581
Works

Works for a flipper up to $131,000.

ENCORE ACQUISITIONS

Brandon Burnett

No reviews yet

Comps

Sales

Rents

ARV $210,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $178,000.

The sales behind this value are shown to members.

ARV $210,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ENCORE ACQUISITIONS

Brandon Burnett

No reviews yet

Seller Description

Starting Price: $115,0004 Bed | 1 Bath | 1,282 SF | 7,200 SF Lot

Off-market value-add opportunity in Northeast Houston’s Scenic Woods area with multiple ways to make the numbers work.

- Option 1: Buy & Hold - Complete deferred maintenance and hold as a rental.Projected Rent: $1,450–$1,550/Month

- Option 2: Light Flip - Complete an estimated $35,000 renovation and reposition the existing 4/1 layout. Projected ARV: $180,000+

- Option 3: Higher-Upside Flip - Invest approximately $50,000, including adding a second bathroom, to create a more desirable 4/2 configuration. Projected ARV: $210,000+

Property Highlights

Single-story ranch
Built in 1960
Roof appears to be in good condition
HVAC needs condenser replacement/service
Some foundation repair needed
Not in a flood zone
Never flooded
Convenient access to Downtown Houston, IAH, I-69, I-610, and major employment centers

Comparable Sales

7705 Yoe Street — $240,000 | 4/2 | 1,388 SF
7447 Langley Road — $219,000 | 4/2 | 1,275 SF
7218 Bretshire Drive — $215,000 | 3/2 | 1,200 SF

Whether you’re looking for a rental, a lower-budget flip, or a higher-upside renovation, this deal offers flexibility at a $115,000 starting price.

Call or Text 346-230-1340 for photos, access, or to submit an offer.

All property details, repair estimates, rental projections, comparable sales, and values are provided for informational purposes only and should be independently verified by the buyer.