10147 Trade Winds Dr, Houston TX 77086

This 1975 built, single story, 3 bed / 2 bath property in NW Houston, TX makes sense for any flipper or rental investor, even in today's changing real estate market. Recently renovated with new roof, new water heater, new kitchen cabinets, new privacy fencing, and more. Great condition and excellent location for the price.

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Profit Details:

$260,000 ARV

(*) 94% for sale commissions

(-) $179,000 purchase price

(-) $15,000 rehab buget

(-) $5,000 closing / holding cost

(=) $45,500 profit

Rental Profit Details:

$1,750 monthly market rents

(-) $260 monthly tax

(-) $110 monthly insurance

(-) $175 property management

(-) $175 allocation for repairs, vacancy, etc

(=) $1,030 net monthly cash flow

Property Details:

3 Beds / 2 Bath / 2 Car Garage

1975 Year Build

1,651 Home Square Feet

8,450 Lot Square Feet

Single Story

Large, Private Yard

Functioning Fireplace

Large Walk-In Closets

Dual Bathroom Vanities

Outdoor Patio / Deck

Brick Exterior

Rehab Details:

New Kitchen Cabinets in 2022

New Privacy Fencing in 2022

New Interior / Garage Paint in 2022

New Fixtures / Handles in 2022

New Toilets / Shower Heads in 2022

New Floorboards in 2022

New Hot Water Heater in 2021

New Roof in 2020

New Partial Pex Plumbing in 2020

Needs Flooring, Stove / Cooktop, Countertop

No Foundation, Plumbing, or Electrical Issues

HVAC is Older But Functioning

Has Storm Windows in Bedrooms

Fridge Conveys

Location Details:

Northwest Park Subdivision

Northwest Park Maintenance Association (Clubhouse, Pool, Community Center)

Feeds Into Excellent Aldine School District

Easy Access to Beltway 8, I-45, Hwy 249, and the Airport

Quiet, Family-Friendly Neighborhood

Close to Major Shopping Centers / Entertainment

Transaction Details:

February 22nd Closing

Vacant at Close