$225,000 · HOUSTON, TX 77009
Works for flippers · Landlords would lose money

Available

$225,000Asking price

2 bd · 1 ba · 1,178 sq ft · built 1940

HOUSTON, TX 77009

No contract on file

via InvestorLift Classic

1 view · listed 10 hours ago

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $400,000
Asking price: −$225,000
RepairsMiddle of the seller’s $50,000 – $60,000. Ours: $62,000 – $103,000: −$55,000
Loan, holding, closing20% down, 12% interest, 2 points, 82 days: −$27,203
Profit23.2% of ARV · flippers want 10%+: $92,797
Works

Works for a flipper up to $274,000.

AMERICAS BEST REI LLC

Noah Clark

No reviews yet

Comps

Sales

Rents

ARV $400,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $292,000.

The sales behind this value are shown to members.

ARV $400,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

AMERICAS BEST REI LLC

Noah Clark

No reviews yet

Seller Description

OVERVIEW

1009 Joyce St presents a strong value-add opportunity in the heart of Lindale Park, one of Houston's most desirable infill neighborhoods. Surrounded by renovated homes and ongoing redevelopment, this property offers investors the chance to capitalize on a location where demand continues to remain strong. The home features 2 bedrooms, 1 bathroom, a bonus office space with potential for a 3rd bedroom conversion, a detached garage, private driveway, and lockbox access.

HIGHLIGHTS

Located in a highly sought-after pocket of Lindale Park surrounded by pride of ownership and continued revitalization.

Strong curb appeal potential with a detached garage and private driveway.

Bonus office area provides a clear opportunity to create a functional third bedroom and maximize resale value.

Crawlspace foundation allows easier access to plumbing and mechanical systems during renovation.

Excellent location just minutes from Downtown Houston, The Heights, major employment hubs, restaurants, and entertainment.

Asking Price: $225,000

Estimated Rehab: $50,000

Projected ARV: $400,000

WHY THIS DEAL STANDS OUT

Inventory in Lindale Park remains limited, and renovated homes continue to command strong retail demand. This property is surrounded by beautifully renovated homes and ongoing redevelopment, creating a strong environment for value appreciation and resale.

With a detached garage, private driveway, flexible floorplan, and potential third-bedroom conversion, investors have multiple ways to increase value while remaining in one of Houston's most desirable inner-loop neighborhoods. Opportunities to acquire a project at this price point in Lindale Park are becoming increasingly difficult to find.

CALL TO ACTION

Opportunities in this pocket do not last long. Contact me today for photos, lockbox access, and additional due diligence information.

CONTACT

Brazos Gadler 832-671-9595