10506 Caravan Dr, Houston TX 77031

This 1968 built, 4 bed / 2 bath property in Houston, TX makes sense for any flipper or rental investor, even in today's changing real estate market. Prime location in Houston!

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Financials:

ARV: $270,000

Purchase Price: $195,000

Profit Details:

$270,000 ARV

(*) 94% for sale commissions

(-) $195,000 purchase price

(-) $20,000 rehab buget

(-) $5,000 closing / holding cost

(=) $33,800 profit

Rental Profit Details:

$1,794 monthly market rents

(-) $298 monthly tax

(-) $140 monthly insurance

(-) $179 property management

(-) $179 allocation for repairs, vacancy, etc

(-) $33 HOA

(=) $965 net monthly cash flow

Property Details:

4 Beds / 2 Bath

1968 Year Build

1,683 Home Square Feet

7,150 Lot Size

April 14th, 2023 Closing

Vacant at Close

Roof 2008

No apparent issues with foundation, roof, electrical, or plumbing

Big lot with massive backyard

Location Details:

Great location with easy access to Beltway 8 and Highway 90!

Only a few minutes from Houston Baptist University.

Recent Updates:

2020 - New HVAC