113 Pecan Dr, Baytown, TX 77520

This 1950 built, 3 bed / 2 bath SFH in Baytown, TX makes sense for any rental investor, even in today's changing real estate market. Prime location in Baytown, and amazing equity built into the deal with low rehab.

Property is Vacant, contact Dispo Manager for lockbox info.

Deal Takeaways:

$74k Equity under ARV

HUGE lot size, 24,000 sqft

Perfect opportunity for an easy low cost flip/BRRRR or a high cash flow rental

Located in a highly sought after neighborhood meaning short time on market for any perspective flippers.

Financials:

ARV: $240,000

Purchase Price: $166,000

Profit Details:

$240,000 ARV

(*) 94% for sale commissions

(-) $166,000 purchase price

(-) $20,000 rehab budget

(-) $5,000 closing / holding cost

(=) $34,600 profit

Rental Profit Details:

$1,600 monthly market rents

(-) $66 monthly tax

(-) $110 monthly insurance

(-) $180 property management

(-) $180 allocation for repairs, vacancy, etc

(=) $1,064 net monthly cash flow

Property Details:

3 Beds / 2 Bath

1950 Year Build

1,559 Home Square Feet

24,000 Lot Size

August 18th, 2023 Closing

Vacant at close