TOMBALL, TX 77375

This 2,072 sq. ft. home on a 7,940 sq. ft. lot is vacant and approximately 95% complete, with an estimated $10,000 in remaining work. Finish it for resale or keep it as a rental at an estimated $2,100/month.

Investor Numbers

• Asking price — $199,000

• Estimated remaining work — $10,000

• Purchase + repairs — $209,000, or about 77% of estimated ARV

• Estimated ARV — $270,000

• Gross flip spread — $61,000 before closing, financing, holding, and resale costs

• Estimated rental income — $25,200/year, or about 12.1% gross yield on purchase plus repairs, before operating expenses and debt service

Why It Works

Most of the renovation is already done, and the home is vacant, so there’s no tenant move-out to coordinate. The remaining scope gives a flipper a shorter path to resale, while the four-bedroom, three-bath layout gives a buy-and-hold investor another exit at the projected rent.