🚨 New Deal 🏡 Rental Property W/ $72K Gross Equity Margin

Harris County, Houston, TX, 77086
Sold
Listed at: January 30th, 2023
Price
$145,000
ARV
$219,000
Gross Margin
$74,000
Sq. Footage
1308
Type
Single-Family
Parking
Attached Garage
Year build
1974
Lot size
0.17 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

9627 Crooked Wood Ln, Houston, TX 77086


This 1974 built, 3 bed / 2 bath rental property in Houston, TX makes sense for any landlord. Could use some cosmetic updates but the property has good bones.


Rental Profit Details:

$1,400 Current Rents ($1,575 Proforma)

(-) $394 monthly tax

(-) $110 monthly insurance

(-) $140 property management

(-) $140 allocation for repairs, vacancy, etc

(=) $616 net monthly cash flow


Tenant Information:

  • Tenant pays $1,400 per month (Market is $1,575)
  • Security Deposit of $595
  • Tenant's lease ends in June
  • Current on Payments


Property Details:

  • 3 Beds / 2 Bath
  • 1974 Year Build
  • 1,308 Home Square Feet
  • 7,440 Lot Square Feet
  • February 27th, 2023 Closing
  • Roof Replaced 8/2022
  • HVAC Replaced 2021
  • Tenant Occupied at Close
  • Slab Foundation
Padua Partners Acquisitions assumes no liability for the accuracy of any estimates or information provided. End buyers must conduct own due diligence. The property is to be sold as-is. Proof of funds is required. Cash or hard money only. End buyer pays all closing costs and fees associated with this transaction. $5,000 Non-Refundable EMD needed to secure the contract.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Carlos Monroy

No reviews

Disposition manager