2607 Live Oak Dr, Copperas Cove, TX 76522

This 1965 built, 3 bed / 1.5 bath property in Copperas Cove, TX makes sense for any flipper or rental investor, even in today's changing real estate market. Great condition and excellent location for the price.

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Rental Profit Details:

$1,200 monthly in-place rents

(-) $170 monthly tax

(-) $110 monthly insurance

(-) $120 property management

(-) $120 allocation for repairs, vacancy, etc

(=) $680 net monthly cash flow

Sale Profit Details:

$160,000 ARV

(*) 94% for sale commissions

(-) $95,000 purchase price

(-) $15,000 rehab buget

(-) $10,000 closing / holding cost

(=) $30,000 profit

Property Details:

3 Beds / 1.5 Bath / 2 Car Garage

1965 Year Build

1,030 Home Square Feet

8,049 Lot Square Feet

January 18th, 2023 Closing

Vacant OR Occupied at Close (Buyer's Choice)

Month-to-Month Tenants Paying $1200/mo

Currently Managed by Gold Medal for 10%

10 Minutes from Fort Hood

Family Neighborhood w/ Great Schools

Recent Updates:

2020 - Brand New Plumbing

2020 - Updated Bathroom (Tile, Toilet, etc)

2020 - New Vinyl Plank

2020 - New Backyard Fence

2020 - New Fridge

2012 - New Central HVAC

2008 - New Roof

Original hardwood preserved under plank

Electrical is functioning

Foundation is level

No signs of termites