608 Northbend Dr, Baytown TX 77521

This 1975 built, 3 bed / 2 bath property in Baytown, TX makes sense for any flipper or rental investor, even in today's changing real estate market. Prime location in Baytown!

Financials:

ARV: $215,000

Purchase Price: $120,000

Profit Details:

$215,000 ARV

(*) 94% for sale commissions

(-) $120,000 purchase price

(-) $30,000 rehab buget

(-) $5,000 closing / holding cost

(=) $47,100 profit

Rental Profit Details:

$1,650 monthly market rents

(-) $51 monthly tax

(-) $89 monthly insurance

(-) $165 property management

(-) $165 allocation for repairs, vacancy, etc

(=) $1,180 net monthly cash flow

Property Details:

3 Beds / 2 Bath

1975 Year Build

1,360 Home Square Feet

April 12th, 2023 Closing

Vacant at Close

Cosmetic work needed

Location Details:

Located in the desirable Glen Meadow Subdivision and zoned to Sterling High School. Close to shopping and restaurants on N. Main St.