$179,000 · TOMBALL, TX 77375
Works for flippers · Landlords would lose money

Available

$179,000Asking price

3 bd · 2 ba · 1,817 sq ft · built 1979

TOMBALL, TX 77375

No contract on file

via InvestorLift Classic

2 views · listed 17 hours ago

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $245,000
Asking price: −$179,000
RepairsMiddle of the seller’s $8,000 – $15,000. Ours: $20,500 – $43,000: −$11,500
Loan, holding, closing20% down, 12% interest, 2 points, 65 days: −$18,644
Profit14.6% of ARV · flippers want 10%+: $35,856
Works

Works for a flipper up to $189,000.

THE TERRA VEST GROUP

Vladimir M. Victoria Jr

No reviews yet

Comps

Sales

Rents

ARV $245,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $219,000.

The sales behind this value are shown to members.

ARV $245,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

THE TERRA VEST GROUP

Vladimir M. Victoria Jr

No reviews yet

Seller Description

Tomball, TX 77375 3 Beds | 2 Baths | 1,817 Sq. Ft.

Opportunity for a rental hold or cosmetic flip in northwest Houston’s Tomball market. The area benefits from SH 249 and Grand Parkway connectivity to the greater Houston region.

INVESTOR NUMBERS• Asking Price: $179,000• Estimated ARV: $245,000• Estimated Cosmetics & Cleanup: $15,000• Purchase + Estimated Rehab: $194,000• Spread to ARV: $51,000 before closing, holding, financing and selling costs• Purchase + Rehab: Approximately 79% of ARV• Asking Price: Approximately $99/Sq. Ft.

RENTAL POTENTIAL• Estimated Rent: $2,000/month• Annual Gross Rent: $24,000• Gross Yield on Purchase + Rehab: Approximately 12.4% before expenses

Manageable cosmetic scope with room to add value. Bring your contractor and confirm your numbers!

SHOWING: Friday, November 13 at 12:00 PM CST

Message Vladimir for property details and to confirm attendance.

281-838-9753