(Corpus Christi TX) 🏚️ Cash Flow $300/mo or QUICK FLIP for $70k Profit🏡
Attention real estate investors: Excellent Location only 5 minutes from Flour Bluff and feeding to the Bluff Schools, come and complete your next flip or hold! Tons of potential with a 80% completed addition and fully remodeled kitchen, new roof, and hot water heater. This property is ready for its finishing touches to cash flow or profit in the lucrative area of Corupus Christi.
ASKING PRICE: $95K
RENTAL INCOME : $1400/MO
CASH FLOW: $350/MO
ARV: $200,000
Perfect For:
🏡Quick Flip
(Purchase Price) $95K + (Rehab) $30k = (Total Investment) $125k
(ARV) $200k - (Total Investment) $125k = $75K (Gross Profit) $70k after fees
Flip Comps:
2402 Vialoux Dr Corupus Christi Tx 78418 - SOLD $209k
5 dom (1 less bed when finished)
1229 Preston St. Corupus Christi Tx 78418 - SOLD $200k
(Direct comp)
1009 Graham Rd Corpus Christi Tx 78418- SOLD $169k
2 dom
🚪 Buy and Hold
(Purchase Price) $95K + (Rental Rehab) $20k = (Total Investment) $115k
(Current Rent Rate) $1400/mo -$1055/mo(PTI) = Cash Flow $350/mo
Rental Comps:
2323 Greer Dr Corpus Christi Tx 78418- LEASED $1395/mo
(500 less sqft!)
1202 Baywood Ln Corpus Christi Tx 78418-LEASED $1295/mo
(500 less sqft!)
Property Overview:
🛏 3 Bedrooms
🛁 1 Bathroom
📏 1400 sqft of potential (including 400sqft. additon)
📅 Built in 1965
Property Details:
🧱Exterior: Needs Paint
🏠Roof: Newer no leaks or issues (8 yrs old)
🪠Utilities: service panel and plumbing no issues
💦 NEW Hot Water Heater: 2023
🥵A/C Unit: No Central A/C
Additional Insights:
🚀 Area: Low DOM for comparable homes nearby
🚧 Attention Required: Finishing converted garage, complete bathroom, exterior paint, central A/C
🔄 Vacancy: Vacant
PLEASE CALL TO SCHEDULE SHOWINGS
TENTATIVE CLOSE DATE ON OR BEFORE 09/27/2024
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