DESCRIPTION
Introducing a unique off-market gem for savvy investors - a cash-flowing cow that's well below the 1% rule! Located within walking distance of Irving High School, this property is perfectly positioned to attract quality tenants and generate solid rental income.
With a spacious layout and plenty of natural light, this home has been thoughtfully designed for maximum functionality and comfort. The property features 3 bedrooms, 2 bathrooms, and 1733 square feet of living space, providing ample room for tenants to spread out and enjoy.
But what really sets this property apart is its impressive cash flow potential. Even at a price well below the 1% rule, the monthly rental income from this property is more than enough to cover all expenses and generate substantial profits for investors.
Don't miss out on this rare opportunity to own a cash-flowing cow in a prime location at a lower price than all of its comparables. Contact us today to schedule a showing and see for yourself why this property is the perfect addition to any investor's portfolio!
PROPERTY DETAILS
roof is 15 years old , good condition - CHA , brand new unit 2 years ago - brand new hot water heater - - foundation may need some work by front door and hallway , front side is pier & beam and the back side concrete. No plumbing or electrical issues
OWNER OCCUPIED WILL BE DELIVERED VACANT
CLOSING DATE ON OR BEFORE 6/05/2023
🔥Check out rental report in documents section🔥
🌟ALL COMPS FROM PAST 6 MONTHS🌟
ARV SOLD COMPS:
625 N Delaware St, Irving, TX 75061
3/2 1320 sq ft Last Listed at $290,500
623 N Delaware St, Irving, TX 75061
3/2 1036 sq ft Last Listed at $265,000
SIMILAR/WORSE CONDITION SOLD COMPS:
206 Alexander Ct, Irving, TX 75061
3/2 1490 sq ft Last Listed at $275,000
602 Campana Ct, Irving, TX 75061
3/2 1587 sq ft Last Listed at $239,000
RENTAL REPORT
Results based on 31, 3-bedroom, 1½ or more bath rentals seen within 12 months in a 1.50 mile radius.
AVG RENT: $2,314
MEDIAN RENT: $2,200
25TH PERCENTILE: $1,966
75TH PERCENTILE: $2,662
Actual rental report attached below with addresses of rental comps
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