⚒️🏠🔑Easy Reno project in Lancaster TX | + $106K Spread 👁️➡️

Dallas County, Lancaster, TX, 75134
Sold
Listed at: May 27th, 2024
Price
$154,000
ARV
$260,000
Gross Margin
$106,000
Sq. Footage
1192
Type
Single-Family
Parking
Attached Garage
Year build
1973
Lot size
7800.00 sqft
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Address: 1422 Rockbrook St, Lancaster TX 75134

3-bedroom / 2 bath Single Family Home 

Property is closing occupied with a 4-week leaseback.
Contact the Dispo Manager for access. 

Deal Takeaways:

  • Easy SFH Flip
  • Brick exterior
  • Lots of potential
  • HVAC may need repairs (unknown)
  • Roof 20 years old but still in good shape!

Financials:

ARV: $260,000

Purchase Price: $154,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $260,000

(*) 94% for sale commissions

(-) $154,000 purchase price

(-) $52,500 estimated rehab costs

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

(=) $25,460 profit

Estimated Rental Profit Details:

Estimated Rental Income: $1,749.00

(-) $51.25 monthly tax

(-) $165.00 monthly insurance

(-) $165.00 property management (estimated recommendation)

(-) $165.00 recommended allocation for repairs, vacancy, etc (estimated recommendation)

(=) $1,202.75 a month

Property Details:

1,192 Home Square Feet

7,800  SQFT Lot Size

Closing ASAP. 

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