$225,000 · ROCKPORT, TX 78382
Tight for flippers · Landlords would lose money

Available

$225,000Asking price

2 bd · 2 ba · 2,212 sq ft · built 1992

ROCKPORT, TX 78382

Contract on file

via InvestorLift Classic

Listed Nov 4

Tight for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $285,000
Asking price: −$225,000
RepairsMiddle of the seller’s $10,000 – $20,000. Ours: $0 – $16,500: −$15,000
Loan, holding, closing20% down, 12% interest, 2 points, 66 days: −$22,806
Profit7.8% of ARV · flippers want 10%+: $22,194
Tight

Works for a flipper at $219,000 or less.

RED LION

Hunter Huser

No reviews yet

Comps

Sales

Rents

ARV $285,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $202,000.

The sales behind this value are shown to members.

ARV $285,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

RED LION

Hunter Huser

No reviews yet

Seller Description

Own a home and have income potential from day one!

Welcome to 803 Hardee St, a gorgeous property sitting on almost 3/4 of an acre in Rockport. Mature trees surround the lot, giving it plenty of shade, privacy, and outdoor space to enjoy. A concrete driveway makes parking easy.

The 2-bedroom, 1-bathroom main home is tucked back from the road. Behind it, a separate 2-bedroom, 2-bathroom mobile home gives you options. Both homes are in great shape. The mobile home is currently vacant, but has commanded approximately $1,100 in rent per month, so you can rent it out for income or use it as guest space, a family setup, or whatever fits your plans.

Live in one and rent the other, or maybe move your bestie in next door.

Schedule your tour today!