$90,000 · TEMPLE, TX 76504
Works for flippers · Low return for landlords

Available

$90,000Asking price

3 bd · 2 ba · 1,508 sq ft · built 1961

TEMPLE, TX 76504

Contract on file

via InvestorLift Classic

7 views · listed 6 days ago

Works for flippers

Low return for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $220,000
Asking price: −$90,000
RepairsMiddle of the seller’s $60,000 – $70,000. Ours: $38,500 – $69,500: −$65,000
Loan, holding, closing20% down, 12% interest, 2 points, 86 days: −$12,776
Profit23.7% of ARV · flippers want 10%+: $52,224
Works

Works for a flipper up to $118,000.

JS PROPERTY RESOLUTIONS LLC

Joseph Smith

No reviews yet

Comps

Sales

Rents

ARV $220,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $196,000.

The sales behind this value are shown to members.

ARV $220,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

JS PROPERTY RESOLUTIONS LLC

Joseph Smith

No reviews yet

Seller Description

Temple, TX | 3 Bed / 2 Bath Single Family Flip | $55K to $70K Spread

Vacant 3 bed, 2 bath single family home in an established Temple neighborhood. This one needs a full rehab, and the numbers are built for it. Buy it right, renovate, and resell to a retail buyer with real margin left over.

THE NUMBERS

Starting Price: $90,000
Buy Now Price: $95,000
ARV: $220,000
Estimated Rehab: $60,000 to $70,000

PROPERTY DETAILS

3 Bedrooms / 2 Bathrooms
1,508 sq ft
0.174 acre lot
Built in 1961
Attached garage
Slab foundation, in good condition
Vacant, easy access

CONDITION

Full interior renovation. Rehab estimate is $60K to $70K. Bring your contractor and verify your own numbers.

Minutes from Baylor Scott & White Medical Center, one of the largest employers in Central Texas, which keeps steady demand for move-in ready homes
Quick access to I-35 between Austin and Waco

Flips with this kind of spread do not last long. Request a showing or submit your offer today.