🏡 Great Flip Opportunity in Richmond | + $90.5K Spread | Nice area 2009 Build✨🌄

Fort Bend County, Richmond, TX, 77469
Sold
Listed at: April 28th, 2024
Price
$134,500
ARV
$225,000
Gross Margin
$90,500
Sq. Footage
1200
Type
Single-Family
Parking
Attached Garage
Year build
2009
Lot size
7105.00 sqft
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Address: 6735 Haven Forest Ln Richmond TX, 77469

3-bedroom / 2 bath Single Family Home 

Property is Vacant! Contact the Dispo Manager for access. 

Deal Takeaways:

  • Great neighborhood
  • Good deal for someone looking for a flip
  • 2009 build

Financials:

ARV: $225,000

Purchase Price: $134,500

Estimated Profit Details (Flipper/MLS Sale):

ARV: $225,000

(*) 94% for sale commissions

(-) $134,500 purchase price

(-) $50,000 estimated rehab costs

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

(=) $22,000 profit

Estimated Rental Profit Details:

Estimated Rental Income: $1,739.00

(-) $343.91 monthly tax

(-) $173.90 monthly insurance

(-) $173.90 property management (estimated recommendation)

(-) $173.90 recommended allocation for repairs, vacancy, etc (estimated recommendation)

(=) $873.39 a month

Property Details:

1,200 Home Square Feet

7,105 SQFT Lot Size

Closing on May 20th, 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