DESCRIPTION

Explore this exceptional off-market property located in an enviable spot in Irving, Texas, just moments away from the highly sought-after DFW Airport. Offering a fantastic opportunity for investors, this property is ideal for a buy-and-hold rental strategy. With its optimal 4-bedroom, 2-bathroom layout and attractive brick exterior, it presents a promising investment prospect. For those with a penchant for fixer-uppers, this home has great potential; a little cosmetic improvement is all it needs to shine. Don't miss out on this exciting chance to acquire a property with immense potential in a prime location in Irving, Texas

PROPERTY DETAILS 

-No need for any major updates 

- updates done to the kitchen and bathrooms 

- Foundation Repaired 5-7 Years ago with lifetime transferable warranty from all american foundation repair out of duncanville

-Roof is 5 years old

- Electrical Up to Code

-AC is about 10 years old. Tenant states it does not work very well.

-Windows are older but not original, double pane

-May need plumbing repairs or pipe snake rain down drain of guest bathroom due to kids putting forks and spoons down drain creating a bad smell, pipes may be clogged or needing replaced

TENANT OCCUPIED AND IS CURRENTLY A HOLDOVER TENANT (Has not paid rent in the past 2 months at $2495 a month). THE SELLER IS SELLING CHEAP BECAUSE HE DOES NOT WANT TO DEAL WITH TENANT. THIS OBLIGATION WILL BE ASSUMED BY THE BUYER.

CLOSING DATE ON OR BEFORE 6/31/2023

🔥Check out rental report in documents section🔥

🌟after repair value evaluation🌟

ALL COMPS FROM PAST 6 MONTHS

• Ppsqft Range = 182.5 - 215 or $345,655 - $407,210
• Average ppsqft = 196.6 or $372,786

Keep into account most comps are 3/2 and subject property is a 4/2

All addresses used are in the photo section of property and highlighted in analysis

RENTAL REPORT

Results based on 20, 4-bedroom, 1½ or more bath rentals seen within 12 months in a 1.00 mile radius.

AVG RENT: $2,458

MEDIAN RENT: $2,468

25TH PERCENTILE: $2,251

75TH PERCENTILE: $2,666

Actual rental report attached below with addresses of rental comps