3/1 on Vickory Place, 52 cents on the dollar, 15 average days on market, $107k instant equity - Casa Deals - Dirt Cheap Investment Properties in DFW, Dallas Investment Properties, Dallas Wholesale Deals

3/1 on Vickory Place, 52 cents on the dollar, 15 average days on market, $107k instant equity

7/17/2013

SOLD or NLA

ARV $400k
Repairs $85k
Asking Price $208k

Instant Equity $107,000

5424 Willis Ave
Dallas, TX 75206

3 Bed
1 Bath
1,656 Sq Ft
7,802 Sq Ft Lot
Year Built 1922

This one story single family is located at Vickory Place subdivision. Extremely popular area, should not have a problem selling it after fixed. Average days on market is only 15 days!! Awesome Rehab. Acquisitions price at 52% arv at Repairs and Acquisition price at 71% arv. Does need a lot of work, estimate around $85,000. You can tear down the home and rebuild, can get ARV all the way to mid $600s.

2013 Proposed Values
Improvement: $95,920
Land: $156,000
Market Value: $251,920
Total Estimated Taxes: $5,634.97
http://www.dallascad.org/AcctDetailRes.aspx?ID=00000187366000000

5424_willis_ave_sold_comps.pdf
File Size:	7 kb
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