Subto Deal in Richmond, TX – 4BD/2BA with $450+ Monthly Cashflow, Low Interest, High Profit Potential!

23010 N Waterlake Dr, Richmond, TX 77406

PROPERTY DETAILS

-4 bd

-2 ba

-2,415 sqft

-8,006 sqft lot

-2000 build

-2 car garage

-$29/mo HOA

TERMS

-Purchase Price: $355,300.00

-Entry Fee: $26,999.00 + CC + TC

SUBJECT TO INFO

-Approximate Existing 1st Mortgage: $291,623.61

-Interest rate: 4.125%

-PITI: $2,275.2

-HOA: $29

-Silent Note Carry Back (No Payments - 7 Year Balloon): $25,000.00

-Total Monthly Payments: $2,304.2

RECOMMENDED EXITS

-LTR - $2,500 - $3,000 (Zillow rent)

-MTR: $3,000 - $3,500 (Furnished finder)

-STR: $4,000 - $4,500 (AirDNA)

OTHER NOTES

-Low Interest

-8.7% Entry Cost Only

-Amazing Cashflow Potential of at least $450 per month through LTR

-Equipped with an attached garage AND a backyard with a storage unit

-45 minutes away from Houston

-William P. Hobby Airport 32.7mi

-Houston Christian University 16.3mi

-Houston Methodist West Hospital 10.6mi

-Kemah Boardwalk 53.4mi

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Link to photos  |  Link to mortgage statement