5802 Pheasant Ridge Ln, Houston, TX 77041
This 4 bedroom / 3.5 bathroom single family home is primely located in Eldridge Park. This is perfect opportunity for a flipper to make $40,000+ NET with just light cosmetic work.
Additional details:
- 4 bedrooms / 3.5 bathrooms
- SQFT: 2,979
- Year Built: 1996
- Lot Size: 9,539 Sqft
- Vacant at close (Jan 26th)
- Not in a Flood Zone
- May need a roof replacement or shingles fixed
Estimated Flip Profit:
$400,000 sales price
-$25,000 in updates / roof repair
-$25,000 in closing costs and agent commissions
-$310,000 purchase price
= $40,000 profit
🤑 Exit Strategies!
🏡 Fix and Flip - Mainly cosmetics! Please note this will require nice finishes to achieve the desired ARV.
🏡 Buy and Live in - Walk into the property with solid equity out of the gate! Repair as you go!
Property is occupied until closing. Accessible by appointment only. No viewings without written consent. Do NOT show up to the property unannounced.
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