10101 S Gessner Rd APT 811, Houston, TX 77071

This 2 bedroom / 1 bathroom condo makes sense for any rental investor, even in today's changing real estate market. A perfect location for urban convenience, and an amazing BRRRR opportunity!

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

Deal Takeaways:

Good for an investor who wants a near turn key rental

Lots of equity built into the deal

Only 25 minutes away from Downtown Houston

Easy access to highways

5 Mins Walk to Walgreens

5 Mins drive to Walmart

8 Mins away from Memorial Hospital

5 Mins to BraeBurn & Westwood golf courses

Financials:

ARV: $90,000

Purchase Price: $57,500

Profit Details:

$90,000 ARV

(*) 94% for sale commissions

(-) $57,500 purchase price

(-) $5,000 rehab budget

(-) $5,000 closing / holding cost

(=) $17,100 profit

Rental Profit Details:

$1,113 monthly current rent

(-) $116 monthly tax

(-) $110 monthly insurance

(-) $110 property management

(-) $110 allocation for repairs, vacancy, etc

(-) $360 HOA monthly fee

(=) $307 net monthly cash flow

Property Details:

1983 Year Build

956 Home Square Feet

5,663 Square Feet Lot Size

Sep 30th, 2023 Closing