400 E Grove St, Kaufman, TX

🏰ENCHANTING VICTORIAN-STYLE INVESTMENT OPPORTUNITY!🏰

✌️SUBTO DEAL

Purchase Price: $346,000 

ARV: $370,00 (Instant $24k equity)

OR

💰💰CASH DEAL💰💰

Purchase Price: $350,000

ARV: $370,000 (Instant $20k equity)

🏠Property Details:

• 4 beds / 3 baths
• 2750 Sq Ft home
• 12,196 Sq Ft lot
• Built 1900
• No HOA
• No Solar
• Gorgeously renovated
• Owner occupied but will be vacant at closing

💰Financial Details

SUBTO:

• Mortgage balance: $296,000
• PITI: $2473 ($3634 March only)
• Rent comps: $4800-$9600
• Rate: 4.125%
• Entry fee: $80,393 (includes arrears, agent fee, closing costs and TC)
• EMD: $2500 non-refundable
• COE: 2/14

CASH:

• Rent comps: $4800-$9600
• EMD: $5000 non-refundable
• COE: 2/14

🚀Exit Strategies:

HUGE CASH-FLOWING OPPORTUNITY!

• Bed & Breakfast
• Senior Living/Group Living/Shared Living/Sober Living

🗝️ Additional Details:

• Zoned residential and commercial
• Completely remodeled
• High entry fee but for the niche Bed & Breakfast / Group Home investor, profit is at the back end including instant equity and large cash flow potential.
• Large 4 bedrooms can be increased to 8.
• Large yard with multiple porches overlooking the yard make an ideal place for outdoor entertainment areas and gardens.
• Located near Canton Marketplace, Cedar Creek Lake, restaurants, major hospital, 6-minute walk to bus line.

BUYERS ARE REQUESTED TO DO THEIR OWN DILIGENCE ON THIS PROPERTY. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY.

Please reach out for more information. Submit highest and best offers to:

Point of Contact: Jenny Mortimer

Phone: (832) 737-2048

Email: jenny@reihomesolutions.com

PLEASE NOTE THE TERMS BELOW:

• $3000 Non-refundable EMD to be wired to our preferred title company/attny within 24 hours of signing the assignment/PSA.
• Buyer to pay all closing costs
• Closing to be with seller's Preferred Attorney/Title Co
• Wholesalers / Agents are not to market this property without permission
• Agents, please add your commission ON TOP of our asking price
• Buyers must do their own due diligence