$215,000 · HARRIS COUNTY, HOUSTON, TX 77065
Flippers would lose money · Landlords would lose money

Available

$215,000Asking price

3 bd · 2 ba · 1,756 sq ft · built 1978

HARRIS COUNTY, HOUSTON, TX 77065

1 view · listed 12 hours ago

Flippers would lose money

Landlords would lose money

The Numbers

Flip

Rental

Sells for (comps’ value)The seller says $315,000: $242,000
Asking price: −$215,000
RepairsMiddle of the seller’s $0 – $14,500. Ours: $0 – $14,500: −$7,250
Loan, holding, closing20% down, 12% interest, 2 points, 63 days: −$20,713
Profit−0.4% of ARV · flippers want 10%+: −$963
Loses money

Works for a flipper at $191,000 or less. On the seller’s $315,000 it would show $69,847 profit.

GRADY INVESTMENTS LLC

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Comps

Sales

Rents

ARV $315,000

Seller’s own value

The seller’s 5 picked sales support $242,000, which is $73,000 less.

The sales behind this value are shown to members.

ARV $315,000

Seller’s own value

The seller’s 5 picked sales support $242,000, which is $73,000 less.

The sales behind this value are shown to members.

GRADY INVESTMENTS LLC

No reviews yet

Seller Description

Houston, TX SFR (3/2, 1,756 sf): ARV $315,000 with a $215,000 buy price—32% below ARV and a projected $69,847 profit spread. Flip case: Comps-backed ARV at $315,000. At $215,000, you’re buying at a 32% discount to ARV with an estimated flip profit of $69,847, projecting a 28% ROI and a 22% margin. Rental case (as modeled): Estimated rent $1,900/mo, but the pro forma shows -$146/mo cash flow with a 5.6% cap rate and -4.1% cash-on-cash return (assumptions: 20% down, 7% interest, 30-year term, 20% expenses, 8% vacancy; 22 rent comps). This one pencils stronger as a flip than a buy-and-hold under those assumptions. Condition is noted as turnkey, with an estimated repair budget ranging from $0 to $14,500 depending on your finish level—positioning any light rehab as the value-add path to full ARV. Cash buyers and hard money friendly—looking for a quick close.