5571 Richardson St, Fort Worth, TX 76119

This 3 bedroom / 2 bathroom property makes sense for any rental or flip investor, even in today's changing real estate market. A perfect location for urban convenience in Fort Worth, and an amazing opportunity!

The property is occupied, contact Dispo Manager for viewing options. PLEASE DO NOT DISTURB THE SELLER.

Deal Takeaways:

Seller to have 6-week leaseback post-closing

Title to holdback $8,000 in funds until the home is vacant

Single story

15 minutes from Downtown Fort Worth

15 minutes from the ATT Stadium

Financials:

ARV: $208,000

Purchase Price: $119,250

Profit Details:

$208,000 ARV

(*) 94% for sale commissions

(-) $119,250 purchase price

(-) $30,000 rehab budget

(-) $5,000 closing / holding cost

(=) $41,270 profit

Rental Profit Details:

$1,650 monthly market rent

(-) $150 monthly tax

(-) $110 monthly insurance

(-) $160 property management

(-) $160 allocation for repairs, vacancy, etc

(=) $1,070 net monthly cash flow

Property Details:

Built 1970

1,128 Home Square Feet

7,320 Square Feet Lot Size

HVAC 7 years old

Roof 5 years old

No apparent issues with foundation