๐Ÿ ๐Ÿ’ฐRental property in Temple TX | ๐Ÿค‘+ $94K Spread ๐Ÿ‘๏ธโžก๏ธ

Bell County, Temple, TX, 76504
Sold
Listed at: July 1st, 2024
Price
$166,000
ARV
$260,000
Gross Margin
$94,000
Sq. Footage
1597
Type
Single-Family
Parking
Attached Garage
Year build
1988
Lot size
5300.00 sqft
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

Address: 920 Filly Ln, Temple, TX 76504

4 bedroom / 2 bath Single Family Home 

Property is Ocuppied. Contact the Dispo Manager for access. 

Deal Takeaways:

  • Tenants in Place 
  • Lease expire 8/31
  • Big Spread 
  • HVAC and roof both 6 years old

Financials:

ARV: $260,000

Purchase Price: $166,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $260,000

(*) 94% for sale commissions

(-) $166,000 purchase price

(-) $20,000 estimated rehab costs

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

(=) $53,400 profit

Current Rental Profit Details:

Current Rental Income: $1,700.00

(-) $418.41 monthly tax

(-) $174.90 monthly insurance

(-) $174.90 property management (estimated recommendation)

(-) $174.90 recommended allocation for repairs, vacancy, etc (estimated recommendation)

(=) $756.89 a month

Property Details:

1,597 Home Square Feet

5,300  SQFT Lot Size

Closing on July 9th, 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

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Disposition manager