Property Features

·        2 Bedrooms      

·        1 Bathroom

·        Huge Yard

·        Near Frost Bank Center and Freeman Coliseum

·        Near Downtown

·        RV, Trailer or boat Parking

·        No HOA

·        Minutes from high school, middle school, grocery stores,

Purchase $65k

RENTAL EXIT STRATEGY

All in at purchase and mid range rehab $20k . Cash Out Refinance purchase + rehab= total $85k

·        estimated monthly payment $837.51

Total potential Rents $950-$1,195

Estimated Monthly Cash flow $112- $357

FLIP EXIT STRATEGY low budget rehab (quick sale)

Purchase $65k

Rehab $30k

Sales price $140k conservative (can go higher) - 5% listing commission – closing cost $5k estimated= $137k - $95k=

ESTIMATED NET TO SELLER $33,000

comped $140-145k

810 Gabriel 2/1 $142k

1634 Gorman 2/1  $141k

830 Gabriel 3/1 $200k

OWNER FINANCE TERMS 

$95k

$15k down

10% interest

30 years amortized.

Principle and interest $702.06 not including taxes and insurance