CLEAN INSTANT RENTAL INCOME PRODUCING HOME IN PEARLAND 77581

Brazoria County, Pearland, TX, 77581
Sold
Listed at: March 18th, 2024
Price
$260,000
ARV
$315,000
Gross Margin
$55,000
Sq. Footage
2178
Type
Single-Family
Parking
Garage
Year build
1990
Lot size
0.14 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
1
Summary

Investment Property Located in PEARLAND, TX 77581

Property Features:

This  4/3 home is a perfect go to property for instant equity. Current tenant's have a valid lease in place til 8/31/2024. $2,750/mo. 

 

Hypothetical Financing Numbers for a rental loan scenario: 

 

  • Loan Amount: $260,000
  • Down Payment: $52,000 (20%)
  • Financed Amount: $188,000
  • Length of Term: 30 Years
  • Interest Rate: 8.5%
  • Taxes: $6578 (Annual)
  • Insurance: $1800 (Annual)
  • Estimated PITI: $2143.73
  • Estimated Cash Flow: $606.27   

Repairs: Cosmetic from wear and tear.

AC replaced in 2021.

Roof is getting old but will likely not need replacing anytime soon.

Earnest Money Deposit (EMD) of 7,500 must be wired to the Title Company within 1 day of Assignment Contract signing.

Due Diligence: Buyers are asked to perform their own due diligence on the property.

Closing Costs: End Buyer will pay all Closing costs and will be outlined on the final settlement statement of the deal.

NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER OR OTHERWISE USING ANY INFORMATION PROVIDED TO YOU UNLESS YOU HAVE THE EXPRESS WRITTEN CONSENT OF BTZ INVESTMENTS, LLC.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Victoria Flores

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