Cash-Flowing Subto Deal in Deer Park, TX: 4-Bed, 2-Bath Home with Low Interest & $600+ Monthly Profit Potential!

4802 Luella Ave, Deer Park, TX 77536

PROPERTY DETAILS

-4 bd

-2 ba

-1,491 sqft

-6,599 sqft lot

-1965 build

-2 car garage

-No HOA

TERMS

-Total Purchase Price: $241,000.00

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

SUBJECT TO INFO

-Approximate Existing 1st Mortgage: $194,846.04

-Interest rate: 3.625%

-PITI: $1,540.36

-Seller Carryback Financing (Balloon after 7 years): $18,722,00

-Monthly Payments (Interest Only) : $52

-Total Monthly Payments: $1,592.36

RECOMMENDED EXITS

-LTR: $1,900 - $2,200 (Zillow Rent)

-MTR: $2,500 - $3,000 (Furnished Finder)

-STR: $3,500 (AirDNA)

OTHER NOTES

-Cashflow Positive, up to $600 under LTR

-Low Interest

-Low PITI

-Once the escrow shortage is resolved, the monthly payment will drop to $1,540

-William P. Hobby Airport 10.8mi

-San Jacinto College: Central Campus 0.7mi

-Pasadena Hospital 4.7mi

-Kemah Boardwalk 14.5mi

-Included: Electric Oven, Gas Cooktop, Dishwasher, Disposal, Microwave

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Link to photos  |  Link to mortgage statement