2003 Chilton Dr Baytown, TX 77520

This 3 bedroom / 2 bathroom rental makes sense for any rental investor. Prime location in the heart of Baytown, a great opportunity for fix-and-flip or long-term rental!

Property will be Vacant at closing, contact Dispo Manager for walkthrough.

Deal Takeaways:

Quick closing

Seller to have 7-day leaseback post-closing

Title to hold $5,000 from proceeds until the seller has vacated

Easy access to Hwy 146

4 Mins to Kroger

5 Mins to Baytown Marina

9 Mins to Downtown Baytown

15 Mins to Pirates Bay Waterpark

Financials:

ARV: $230,000

Purchase Price: $138,900

Profit Details:

$230,000 ARV

(*) 94% for sale commissions

(-) $138,900 purchase price

(-) $35,000 rehab budget

(-) $5,000 closing/holding cost

(=) $37,300 profit

Rental Profit Details:

$1,694 monthly market rent

(-) $55 monthly tax

(-) $110 monthly insurance

(-) $170 property management

(-) $170 allocation for repairs, vacancy, etc

(=) $1,189 net monthly cash flow

Property Details:

Foundation has been done (10 years ago, transferrable warranty, due west)

Roof 10 years old

HVAC (20 years old) need replace

Original windows

Electrical and plumbing in good condition

Needs cosmetic work on the inside (1 bathroom needs tiling)

1959 Year Build

8,799 Home Square Feet

1,516 Square Feet Lot Size

September 19th, 2023 Closing