HOUSTON, TX 77045

$160,000 PURCHASE | $246,000 ARV | $25K EST. REHAB

Off-market investment opportunity in the desirable Prime Five Corners pocket of Southwest Houston! This vacant 3-bedroom, 2-bath brick home offers a straightforward cosmetic renovation with strong upside for fix-and-flip investors or BRRRR buyers looking for long-term rental income.

PROPERTY OVERVIEW

• 3 Bedrooms | 2 Bathrooms

• 1,467 Sq Ft | 5,775 Sq Ft Lot

• Built in 1961

• Single-story brick veneer construction

• Slab foundation

• 2-car attached garage

• Central heating and cooling

• Cul-de-sac location

• Vacant and ready for immediate renovation

• FEMA Flood Zone X (unshaded)

• 2025 Property Taxes: $3,188

THE NUMBERS

• Asking Price: $160,000

• Estimated Rehab: $25,000

• Total Investment: $185,000

• After Repair Value (ARV): $246,000

• Potential Gross Spread: $61,000

• All-In at 75.2% of ARV

• Projected Market Rent: $1,700–$2,100/month

Gross spread before closing costs, financing, holding costs, commissions, and other expenses.

RECENT SOLD COMPS

• 3714 Brookmeade Dr — $237,000

• 3719 Goulburn Dr — $255,000

• 5203 Brookmeade Dr — $266,300

• 3922 Simsbrook Dr — $199,000

• 14419 White Heather Dr — $195,642

Comparable sales support a projected renovated value of approximately $246,000, offering significant upside with a manageable renovation budget.

INVESTMENT STRATEGY

FIX & FLIP: Purchase at $160K, complete approximately $25K in cosmetic improvements, and target a resale around $246K. Potential $61K gross spread before transaction and carrying expenses.

BRRRR / BUY & HOLD: Renovate and refinance into a long-term rental with projected market rents of $1,700–$2,100/month. Strong potential for investors seeking equity creation and rental income.

DEAL HIGHLIGHTS

• No major structural renovation anticipated in the provided scope

• Cosmetic rehab opportunity

• Vacant — easy walkthrough access

• Established residential neighborhood

• Multiple recent comparable sales nearby

• Cash purchase, sold strictly as-is

• Quick closing available

$160,000 CASH | AS-IS | VACANT

Contact us for property photos, comparable sales, walkthrough access, and offer instructions.

Buyer to verify all property information, renovation costs, comparable sales, rental projections, and ARV.