Priced at $49,900 vs a $170K ARV, a $120K+ spread with your basis at about 29% of ARV. Nearby Freeport homes closed from $171,000 to $189,000.
This one-story Freeport home is currently a 2 bed / 1 bath, 1,097 sf on a 7,000 sf lot. It has several areas perfectly set up to convert to a 3 bed / 1 bath. Rehab is estimated at $50,000.
Leased comps support $1,350/mo. FEMA Flood Zone X, Brazosport ISD.
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