Estimated Cash Flow: $742 /mo (see below)

Asking Price ----- $187,696

ARV -------------- $240,000

Monthly Payment --- $1258

Estimated Rents ---- $2000

Cash Flow -------------- $742

Down Payment ----------- $40,000

1st Position Loan ------- $117,696 (3.8% interest)

Owner Finance ----------- $30,000 (0% interest)

PITI Payments -------------- $1008

Owner Payments -------------$250

Total Payment -------------- $1258

Estimated Rents ----------- $2,000

$2000 Rent ➖ $1258 Mo Payment🟰

$742 Cash Flow / Month (or $8904 /year)

$8904 Cash Flow ➗  $40,000 Down Payment 🟰

22% ROI

LOAN DETAILS:

1st Position:

Loan Type ----- Conventional Loan

Loan Balance -------- $117,696.53

Monthly Payment ------ $1008.64

Interest Rate ------------------ 3.8%

Maturity Date ---------- 9/1/2064

Arrears ------------------------ None

2nd Position:

Loan Type -------- Owner Finance

Loan Balance --------- $30,000.00

Interest Rate -------------------- 0%

Begins -------- 90 Days after COE

Term of Loan ------------ 10 Years

Maturity Date --------- 2/1/2035

More Information about the House:

Roof ------------ 15 years old

HVAC ---------- Central, 3 years old

Electric --------- On and Working

Plumbing ------- No issues

Hot Water ------ 3 years old

Foundation ----- Slab, No issues

Specs ------- 3 bd, 2 ba, 1790 Sqft

Lot Size ----- 0.34 ACRES

Yr. Built ----- 1966

Garage ------ 2 Car Attached

HOA --------- NONE

Additional:

The owners will sign a 90 Day Lease and continue paying the mortgage payments while they work on moving out for the next 90 days after close of escrow. The $250/mo owner finance payments begin 90 Days after close of escrow.

ARV COMPS:

Estimated ARV $240,000

(4 SOLD COMPS) ▼▼▼

1310 Wisteria St

$237,000 --- 7/2/2024

pending after 2 Days on Market

3 bd, 2 ba, 1650 Sqft ($143 /Sqft)

176 Poinsettia St

$274,900 --- 6/6/2024

pending after 10 Days on Market

3 bd, 2 ba, 2076 Sqft ($132 /Sqft)

126 Joel Dr

$219,000 --- 9/16/2024

pending after 82 Days on Market

3 bd, 2 ba, 1541 Sqft ($142/Sqft)

187 Fernwood St

$269,900 --- 1/22/2024

pending after 66 Days on Market

3 bd, 2 ba, 2194 Sqft ($123/Sqft)

(1 PENDING COMP) ▼▼▼

204 Ridgewood St

$229,000 --- 9/30/2024

pending after 7 Days on Market

3 bd, 2 ba, 1797 Sqft ($127/Sqft)

Avg Sold Price ---- $245,000

Avg Price /Sqft --- $133

$133 x 1790 SqFt = $238,000

Estimated ARV: $240,000

RENT COMPS:

Estimated Rent: 2000 /mo

Rent Comps:

2430 Granger Dr

1950/mo

3 bd, 2 ba, 1656 SqFt

115 Acadian Garden Blvd

2300 /mo

3 bd, 2 ba, 1665 Sqft

211 Zachary Ln

2200 /mo

3 bd, 2 ba, 1656 SqFt

320 Meadow Dr

1800 /mo

3 bd, 2 ba, 1714 SqFt

---------------------------

order to submit an Offer and/or gain Access:

Please Call, Text, or Email - Cameron Duffield

(832) 365-4250 | cam@whataflip.com

Note* This post is marketing the purchase & sale contract and equitable interest in the subject property above for an assignment fee / double closing. The subject property is in escrow & may be purchased by the company in which the seller(s) are under contract. Serious inquiries only, please.