608 Northbend Dr, Baytown TX 77521
This 1975 built, 3 bed / 2 bath property in Baytown, TX makes sense for any flipper or rental investor, even in today's changing real estate market. Prime location in Baytown!
Financials:
ARV: $215,000
Purchase Price: $120,000
Profit Details:
$215,000 ARV
(*) 94% for sale commissions
(-) $120,000 purchase price
(-) $30,000 rehab buget
(-) $5,000 closing / holding cost
(=) $47,100 profit
Rental Profit Details:
$1,650 monthly market rents
(-) $51 monthly tax
(-) $89 monthly insurance
(-) $165 property management
(-) $165 allocation for repairs, vacancy, etc
(=) $1,180 net monthly cash flow
Property Details:
3 Beds / 2 Bath
1975 Year Build
1,360 Home Square Feet
April 12th, 2023 Closing
Vacant at Close
Cosmetic work needed
Location Details:
Located in the desirable Glen Meadow Subdivision and zoned to Sterling High School. Close to shopping and restaurants on N. Main St.
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