🏡 Houston TX Hidden GEM | Wholesale Rental or Rehab 💰

Attention Real Estate Investor: Houston TX 3 Bed and 2 Bath with 2 Car Garage. Get cash flow along with long-term tax depreciation! Tons of Potential for a Great Rental or Rehab Property. Nearly already rent-ready condition!

📞 Call or Text to Schedule an Appointment

314-222-7171

Property Details

👉 Join Our Direct Buyers List:  https://pricewholesalehouses.com/

Occupancy Status: Vacant
Access: By Appointment Only
Rent Estimate: $1,700/mo

Walkthrough Video:
Click - Walkthrough Video

ARV Comps:
502 Kenwood Ln, Houston 77013 - Sold for $239,440
515 Wood Vista Dr, Houston 77013 - Sold for $223,620
607 Wood Smoke Dr, Houston 77013 - Sold for $220,160
526 Wood Smoke Dr, Houston 77013 - Sold for $194,800

Comps: Note - (Any Public Record sale prices could be close estimates due to non-disclosure state regulations)

Rental Comps:
- 12223 Woodcliff Dr, Houston, TX 77013 - $1,700/mo
- 11631 Badgerwood Dr, Houston, TX 77013 - $1,800/mo
- 730 Mercury Dr, Houston, TX 77013 - $1,750/mo

Strategies:

🛠️ Fix/Flip

Purchase Price $145K + (Rehab) $15k = (Total Investment) $160k

(ARV) $220k - (Total Investment) $160k
= (Gross Profit) $60k

🏡 Buy & Hold Rental

Purchase Price: $145K + (Rental Rehab) $10k = (Total Investment) $155k
(Rent Rate) $1700/mo +

✅ Meets 1% Rule: 
The property exceeds the 1% rental rule, indicating strong rental income.

💰 BRRR Method: (Refinance $155,000 at 7% Interest rate)

Purchase $145,000 + Rehab $10,000, Refinance $155,000 at 7% (75% of $155,000): (Loan Payment $773 + Taxes $276 + Insurance $100 = PITI $1,150 | (Rent Rate $1,700 - PITI $1,150)
= Monthly Cash Flow $550 | 17.03% Cash on Cash Return

🏠 Property Highlights: 
2-Car Garage
Brick Structure
Title Flooring
Some Updates

🏠 Needs Attention:
Older Roof
Fence Repairs
Cosmetics

🏠 Exterior: Brick Siding

Closing Title Company: Closeline Settlements

📞 Call or Text to Schedule an Appointment

314-222-7171

______________________________

👉 Contact Us:
To view or make an offer, please contact us by calling or texting 314-222-7171 or emailing pricereidispo@outlook.com.

👉 How To Buy:
If you're interested in purchasing this property, you can download and fill out our as-is contract package by clicking the "Submit Offer" button. Please note that these properties sell quickly, typically we accept an offer within 24-72 hours. Closings are to be held with our preferred title company listed here or on our site.

👉 How We Work With Realtors:
Your commission is to be added to the wholesale price of the property being offered. Because these properties are at a deep discount there is plenty of "spread" to add on a commission. All of our properties close at the title company listed on our site or purchase agreement so standard commission instructions can be faxed or emailed and paid at the close of escrow.

Please note that we only work with serious cash buyers, and closings will take place at our preferred title company. A $5,000 non-refundable deposit (EMD) is required upon acceptance which will go towards the purchase price.

💰 Join Our Direct Buyers List:  https://pricewholesalehouses.com/