401 E Lamar Ave, Temple, TX 76501

This 2 bedroom / 2 bathroom property makes sense for any investor, even in today's changing real estate market. A perfect location for a quiet & urban feel, located in Temple. An easy BRRRR opportunity!

The property is VACANT. Contact Dispo Manager for viewing options.

Deal Takeaways:

5 Mins away from HEB & local shops/businesses

8 Mins away from Hospitals

14 Mins away from Walmart & Home Depot

Surrounded by Nature: parks, lakes, and forest

Amazing close-knit community

1 hr drive to Austin

Financials:

ARV: $240,000

Purchase Price: $117,500

Profit Details:

$240,000 ARV

(*) 94% for sale commissions

(-) $117,500 purchase price

(-) $40,000 rehab budget

(-) $5,000 closing / holding cost

(=) $63,100 profit

Rental Profit Details:

$986 monthly market rent

(-) $161 monthly tax

(-) $98 monthly insurance

(-) $98 property management

(-) $98 allocation for repairs, vacancy, etc

(=) $531 net monthly cash flow

Property Details:

2 Beds / 2 Baths

1944 Year Build

2,302 Home Square Feet

11,020 Square Feet Lot Size

Dec 14th, 2023 Closing