SOLD or NO LONGER AVAILABLE
ARV $139,000 ($109 PSF)
Asking Price $81,000 ($64 PSF or 58% ARV) ** PRICE REDUCED $4k!!**
Estimated Repairs for Flip $25,000 ($19.65 PSF)
Estimated Repairs for Rental or Owner Finance $18,000 ($14PSF)
Market Rent $1,195
1002 Turner St
Cleburne, TX 76033
Johnson County
text 'DFWDEALS' to 55498 to receive text notifications on new deals
This is an assignment of contract to purchase.
FOR FULL PROPERTY DETAILS, PICTURES and COMPS CLICK BELOW 'Read More'
Asking Price $81,000 ($64 PSF or 58% ARV) ** PRICE REDUCED $4k!!**
Estimated Repairs for Flip $25,000 ($19.65 PSF)
Estimated Repairs for Rental or Owner Finance $18,000 ($14PSF)
Market Rent $1,195
1002 Turner St
Cleburne, TX 76033
Johnson County
text 'DFWDEALS' to 55498 to receive text notifications on new deals
This is an assignment of contract to purchase.
FOR FULL PROPERTY DETAILS, PICTURES and COMPS CLICK BELOW 'Read More'
1002 Turner St
Cleburne, TX 76033
3 bed
2 bath
1,272 sq ft
yr built 1955
lot 11,940 sq ft (lot 0.27)
frame
pier and beam foundation
cad value $72,560
tax 2017 $2,145
Comps SOLD
ARV $108.17 PSF - $137,376
days on market 29
Comps RENTAL
$0.80 PSF - $1,017.60
days to lease 19
REPAIRS
Minor Foundation Work
Exterior/Interior Cosmetic - Refresh Only
Needs NEW 1.5 ton HVAC (window units only currently)
Electrical is good
Plumbing is good
Roof is good (Replaced 5 years ago)
This is a 3/2 Single Family home located in Ft Mild Scruggs subdivision in Johnson County. Very high activity in the area so this one will sell quick when you get done with it!
This home makes it a really strong owner finance deal at DOUBLE DIGIT RETURNS! Could also make a quick fix and flip so the choice is yours. Great location with almost ZERO criminal activity, check trulia crime map, looks as green as your new dollar bills after you flip this house. Did we mention the asking price is ONLY 5 Bitcoins? That's not a typo neither... 60 cents on the Dollar. This is an assignment of contract to purchase. Time is of the essence. Title is clear and ready to close. Only serious inquiries please.
Home was occupied but seller is in the process of moving out. Lockbox is available but please make appointment prior to viewing by sending an email to Felipe at mail@casadeals.com or call/text 972.265.9260
Cleburne, TX 76033
3 bed
2 bath
1,272 sq ft
yr built 1955
lot 11,940 sq ft (lot 0.27)
frame
pier and beam foundation
cad value $72,560
tax 2017 $2,145
Comps SOLD
ARV $108.17 PSF - $137,376
days on market 29
Comps RENTAL
$0.80 PSF - $1,017.60
days to lease 19
REPAIRS
Minor Foundation Work
Exterior/Interior Cosmetic - Refresh Only
Needs NEW 1.5 ton HVAC (window units only currently)
Electrical is good
Plumbing is good
Roof is good (Replaced 5 years ago)
This is a 3/2 Single Family home located in Ft Mild Scruggs subdivision in Johnson County. Very high activity in the area so this one will sell quick when you get done with it!
This home makes it a really strong owner finance deal at DOUBLE DIGIT RETURNS! Could also make a quick fix and flip so the choice is yours. Great location with almost ZERO criminal activity, check trulia crime map, looks as green as your new dollar bills after you flip this house. Did we mention the asking price is ONLY 5 Bitcoins? That's not a typo neither... 60 cents on the Dollar. This is an assignment of contract to purchase. Time is of the essence. Title is clear and ready to close. Only serious inquiries please.
Home was occupied but seller is in the process of moving out. Lockbox is available but please make appointment prior to viewing by sending an email to Felipe at mail@casadeals.com or call/text 972.265.9260
PRICE HAS BEEN REDUCED $4,000 - ORIGINAL ANALYSIS RAN AT ORIGINAL NUMBERS
FLIP (Fix and Sell) Scenario Analysis
** Scenario using hard money at 2 points and 12% interest and 3 months from construction to COE
Acquisition Price $85,000
Repair Estimate $25,000
Acquisition Closing Costs $2,000
Total Cost Acquisition and Repairs $112,000
After Repair Value (ARV) - Sales Price $139,000
Total Holding Costs (taxes, insurance, utilities, etc) no loan $1,624.50
Lender Loan Total Costs - Interest and Fees $6,811
Sale Closing Costs (5% selling price 3% - 1 %- 1%) $6,950
Total Sales Price Minus Expenses $123,614.50
Project Estimated Gross Profit $18,346
Project Gross Profit (Minus loan Expenses) $11,536
Rehab Total Project FLIP
ROI (return on CASH invested) 10,15%
ROI (annualized) 40.58%
Duration of Project in Months 3.00
* If you need assistance with turnkey options, hard money finance, general contractors, realtors or property insurance we would love to help
---
If Owner Finance - Buy, Sell and Hold the Note Scenario Analysis
** 10% Owner Finance Sales Price Premium & 20% Market Rent Mark Up PITI
Acquisition Price $85,000
Repair Estimate $18,000
Acquisition Closing Costs $2,000
Total Cost Acquisition and Repairs $105,000
Owner Finance Sales Price $152,900
Down Payment $15,290
Note Balance $137,610
30 YRS @ 9% fixed $1,107.76
PITI Max per Rent $1,107.76
Taxes $178.75
Insurance $139.00
Loan Servicer $30
PI (principal and interest) MAX per Rent $1,1,107.76
12 months payment - yearly profit $13,293.12
Sale Expense 5% $7,645
Profit first 12 months $20,938.12
Cashflow Yearly Thereafter $13,293.12
Cap Rate Return first 12 months 19.94%
Yearly Cap Rate Return after first 12 months 12.66%
* If You need assistance with turnkey options, structuring an owner finance sale, listing service securing owner finance buyer, note structuring, loan servicer, RMLO, attorney closing we would love to help
----
If Rental - Buy and Hold Scenario Analysis
Acquisition Price $85,000.0
Repair Estimate $18,000.00
Acquisition Closing Costs $2,000+
Total Cost Acquisition and Repairs $105,000
Market Rent $1,195
Cash Out of Pocket Total $105.000
Projected Monthly Expenses (Taxes & Insurance) $317.75
Prop Mgmnt, Vacancies & Maintenance @ 6% $71.70
Cashflow $805.55
Cap Rate (rate of return) 9.42%
* If you need assistance with turnkey options, general contractors, property management, tenant placement, maintenance we would love to help
FLIP (Fix and Sell) Scenario Analysis
** Scenario using hard money at 2 points and 12% interest and 3 months from construction to COE
Acquisition Price $85,000
Repair Estimate $25,000
Acquisition Closing Costs $2,000
Total Cost Acquisition and Repairs $112,000
After Repair Value (ARV) - Sales Price $139,000
Total Holding Costs (taxes, insurance, utilities, etc) no loan $1,624.50
Lender Loan Total Costs - Interest and Fees $6,811
Sale Closing Costs (5% selling price 3% - 1 %- 1%) $6,950
Total Sales Price Minus Expenses $123,614.50
Project Estimated Gross Profit $18,346
Project Gross Profit (Minus loan Expenses) $11,536
Rehab Total Project FLIP
ROI (return on CASH invested) 10,15%
ROI (annualized) 40.58%
Duration of Project in Months 3.00
* If you need assistance with turnkey options, hard money finance, general contractors, realtors or property insurance we would love to help
---
If Owner Finance - Buy, Sell and Hold the Note Scenario Analysis
** 10% Owner Finance Sales Price Premium & 20% Market Rent Mark Up PITI
Acquisition Price $85,000
Repair Estimate $18,000
Acquisition Closing Costs $2,000
Total Cost Acquisition and Repairs $105,000
Owner Finance Sales Price $152,900
Down Payment $15,290
Note Balance $137,610
30 YRS @ 9% fixed $1,107.76
PITI Max per Rent $1,107.76
Taxes $178.75
Insurance $139.00
Loan Servicer $30
PI (principal and interest) MAX per Rent $1,1,107.76
12 months payment - yearly profit $13,293.12
Sale Expense 5% $7,645
Profit first 12 months $20,938.12
Cashflow Yearly Thereafter $13,293.12
Cap Rate Return first 12 months 19.94%
Yearly Cap Rate Return after first 12 months 12.66%
* If You need assistance with turnkey options, structuring an owner finance sale, listing service securing owner finance buyer, note structuring, loan servicer, RMLO, attorney closing we would love to help
----
If Rental - Buy and Hold Scenario Analysis
Acquisition Price $85,000.0
Repair Estimate $18,000.00
Acquisition Closing Costs $2,000+
Total Cost Acquisition and Repairs $105,000
Market Rent $1,195
Cash Out of Pocket Total $105.000
Projected Monthly Expenses (Taxes & Insurance) $317.75
Prop Mgmnt, Vacancies & Maintenance @ 6% $71.70
Cashflow $805.55
Cap Rate (rate of return) 9.42%
* If you need assistance with turnkey options, general contractors, property management, tenant placement, maintenance we would love to help
Call 972.268.9260 if you have any questions
Send all offers to mail@casadeals.com
verifiable pof required
$7.5k Non-Refundable Deposit Required
Cash or Hard Money ONLY
Buyer Always Pays All Closing Costs
COMPS, CMA & PROPERTY REPORTS - click below to download
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text 'DFWDEALS' to 55498 to receive text notifications on new deals
Send all offers to mail@casadeals.com verifiable pof required
$7.5K Non-Refundable Deposit Required
Cash Or Hard Money ONLY
COMPS and property report below
For funding options visit CasaDealsFunding.com
For a quality rehab contractor and investor friendly GC email me for referral
For any other resource that you need visit MyFlipLeads.com register your free account and select 'Resources' or go to our Vendors and Resources page
cleburne branch wholesale deal, cleburne cheap property, cleburne real estate for sale, cleburnecash house, cleburne cheap property, cleburne investment property for sale, cleburne real estate investor, cleburne below market value property, dfw bargain house, dfw fixer upper, dallas investor special
*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.
Casa Deals is not a United States Securities Dealer or Broker, or U.S. Investment Adviser. Casa Deals and its representatives are Consultants and make no warranties or representations as to the Buyer, Seller or Transaction. All due diligence is the responsibility of the Buyer and the Seller. This is not a solicitation or offer of securities. Investment is offered only to qualified investors through a written Investment Agreement or Private Placement Memorandum.
Send all offers to mail@casadeals.com verifiable pof required
$7.5K Non-Refundable Deposit Required
Cash Or Hard Money ONLY
COMPS and property report below
For funding options visit CasaDealsFunding.com
For a quality rehab contractor and investor friendly GC email me for referral
For any other resource that you need visit MyFlipLeads.com register your free account and select 'Resources' or go to our Vendors and Resources page
cleburne branch wholesale deal, cleburne cheap property, cleburne real estate for sale, cleburnecash house, cleburne cheap property, cleburne investment property for sale, cleburne real estate investor, cleburne below market value property, dfw bargain house, dfw fixer upper, dallas investor special
*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.
Casa Deals is not a United States Securities Dealer or Broker, or U.S. Investment Adviser. Casa Deals and its representatives are Consultants and make no warranties or representations as to the Buyer, Seller or Transaction. All due diligence is the responsibility of the Buyer and the Seller. This is not a solicitation or offer of securities. Investment is offered only to qualified investors through a written Investment Agreement or Private Placement Memorandum.
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