Asking Price $65,000
Estimated Repairs for Flip $20,000
Estimated Repairs for Rental $10,000
Market Rent $995
Dallas TX 75241
FLIP Scenario Analysis
Total CASH Required $88,000 (plus holding costs)
Estimated Profit $18,950
ROI (return on CASH invested) 21.53%
ROI (annualized) 129.20%
Hold and Rent Scenario Analyisis
Total CASH Required $78,000 (plus closing costs)
Cashflow Monthly $731
Annual Cash on Cash 11.2%
FOR FULL PROPERTY DETAILS, PICTURES and COMPS CLICK BELOW 'Read More'
Dallas TX 75241
CAD value $55,470
Tax 2016 $1,508
3 bed 1 bath 1 car garage
1,082 sq ft
lot 8,878 sq ft
Year Built 1962
This is a Single-Family Home located at Singing Hills Subdivision in Dallas. Property is currently occupied. Tenant is on a month to month lease and will be out mid December. House needs minor foundation work, a few drywall patches, tape-bed-texture through out, paint and flooring. If your looking to re-sell for top dollar you would need to gut kitchen and bath, otherwise keep in place for a rental. The electric panel is in the closet, your choice to move it or not. The exterior needs soffit and fascia repairs in a few areas and painting. The roof was replaced a few years ago and the HVAC & water heater are in working order. Plenty in the budget to cover everything needed either way.
Most of the houses in this neighborhood are much larger, there was a 3/2 - 1,112sq ft comp that sold for $136,900 @ $123.11sq ft. on 8/19/16. Subject property shouldn't have any problem appraising for $115k - $120k. There a few newly renovated houses that just came on the market within the last few weeks. The University of Texas Dallas is just down the street as well as a new construction SFR neighborhood.
Closing is set for Friday December 30th. We will host a group showing most likely the middle of December. So please contact us asap if you would like to view the inside if the property.
Check property on ZILLOW
Check property on TRULIA
COMPS, PROPERTY REPORTS and TAX RECORDS
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$3K Non-Refundable Deposit Required
Cash Or Hard Money ONLY
COMPS and property report below
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*Casa Deals does not claim to be the owner of all of the properties we market for sale. If we are not the owners then we simply have an equitable interest in the property or have a partner that does. All properties are sold for cash or hard money. Buyers responsibility to do your own due diligence and verify all information. Prices are NET to seller with buyer paying all closing costs. Opinions of value / rents are given as a courtesy and no guarantees are expressed or implied. Our properties move fast so contact us quickly if there is a property you want to purchase. Casa Deals is a Real Estate Investment firm in the state of Texas. ARV and Repairs are based on a price opinion. All numbers should be verified independently. Information is not guaranteed, please do your own due diligence.
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