413 Big Creek Rd, Willow Park, TX 76087

This 3 bedroom / 2.5 bathroom rental makes sense for any rental investor, even in today's changing real estate market. Prime location in Willow Park, massive long-term appreciation potential!

The property is OCCUPIED and will be occupied at close, contact Dispo Manager for walkthrough. Closing on January 30th, 2024.

Deal Takeaways:

The HVAC ductwork/plenum replaced in 2021, & condenser in 2014

1st floor siding was replaced with hardiplank in 2016, hardiplank to complete 2nd floor is stored in the garage

Roof was replaced back in 2013

The rest of the residential Property (except for kitchen appliances & some modest flooring updates) is pretty much original

County Taxes are currently escrowed now ASSESSED at $493,650

Demolished & updated downstairs master bathroom/shower &walk-in closets

Financials:

ARV: $540,000

Purchase Price: $387,000

Profit Details:

$540,000 ARV

(*) 94% for sale commissions

(-) $387,000 purchase price

(-) $5,000 closing / holding cost

(=) $115,600 profit

Rental Profit Details:

$2,855 monthly current rent

(-) $695 monthly tax

(-) $285 monthly insurance

(-) $285 property management

(-) $285 allocation for repairs, vacancy, etc

(=) $1,305 net monthly cash flow

Property Details:

3 Beds / 2.5 Baths

1984 Year Build

2,818 Home Square Feet

77,362 Square Feet Lot Size

Jan 30th, 2024 Closing