⭐️🧱 LOW Cost Flip in Corpus Christi | $70 K Spread | Pictures -> 🏡🪚

Nueces County, Corpus Christi, TX, 78416
Sold
Listed at: March 12th, 2024
Price
$46,000
ARV
$110,000
Gross Margin
$64,000
Sq. Footage
858
Type
Single-Family
Parking
Driveway
Year build
1954
Lot size
5009.00 sqft
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

Address: 2122 Harvard St, Corpus Christi, TX 78416

2-bedroom / 1-bathroom 

Property is Vacant! Contact the Dispo Manager for access.

Deal Takeaways:

  • FULL Cosmetic work needed around the house 
  • Roof age unknown
  • Window units, no HVAC
  • LOW-cost flip

Financials:

ARV: $110,000

Purchase Price: $46,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $110,000

(*) 94% for sale commissions

(-) $46,000 purchase price

(-) $36,500 estimated rehab costs

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

(=) $15,900 profit

Estimated Rental Profit Details:

Estimated Rental Income: $1,385

(-) $100 monthly tax

(-) $110 monthly insurance

(-) $140 property management (estimated recommnedation)

(-) $140 recommended allocation for repairs, vacancy, etc (estimated recommnedation)

(=) $895 a month

Property Details:

858 Home Square Feet

5,009 SQFT Lot Size

Closing on March 22nd, 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