🏡 Vacant SFH in Houston, TX | 77k Spread | EASY Flip ✨👀

Harris County, Houston, TX, 77028
Sold
Listed at: March 17th, 2024
Price
$98,000
ARV
$175,000
Gross Margin
$77,000
Sq. Footage
1197
Type
Single-Family
Parking
Driveway
Year build
1940
Lot size
7074.00 sqft
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

Address: 8425 Flintridge Dr, Houston, TX 77028

2-bedroom / 1-bathroom Single Family

Property is Vacant! Contact the Dispo Manager for access.

Deal Takeaways:

  • Kitchen needs some love ❤️
  • New roof, only 1 year old! 
  • Light cosmetic work needed around the house
  • New AC needed
  • Minutes from Hilliard Elementary School and Houston PD
  • EASY FLIP

Financials:

ARV: $175,000

Purchase Price: $98,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $175,000

(*) 94% for sale commissions

(-) $98,000 purchase price

(-) $32,500 estimated rehab costs

(-) $5,000 esti. closing / holding cost

(=) $29,000 profit

Estimated Rental Profit Details:

Estimated Rental Income: $1,450

(-) $123 monthly tax

(-) $110 monthly insurance

(-) $145 property management (estimated recommnedation)

(-) $145 recommended allocation for repairs, vacancy, etc (estimated recommnedation)

(=) $927 a month

Property Details:

1,197 Home Square Feet

7,074 SQFT Lot Size

Closing on April 8th, 2024

Padua Partners Acquisitions assumes no liability for the accuracy of any estimates or information provided. End buyers must conduct own due diligence. The property is to be sold as-is. Proof of funds is required. Cash or hard money only. End buyer pays all closing costs and fees associated with this transaction. $5,000 Non-Refundable EMD needed to secure the contract.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Samuel Wooten

No reviews

Disposition manager