Asking Price $79,000
Estimated Repairs for Flip $60,000 ($21 PSF)
Estimated Repairs for Rental $50,328 ($18 PSF)
Market Rent $2,190
Dallas, TX 75211
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FLIP (Fix and Sell) Scenario Analysis
Total CASH Required $142,512
Total holding and closing costs $1,262 + $2,250
Estimated cost of sale $9,450
Estimated Gross Profit $37,037
Estimated net Profit $32,762
ROI (return on CASH invested) 22.99%
ROI (annualized) 91.96%
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Hold and Rent Scenario Analyisis
Total CASH Required $132,840 (plus closing costs)
Market Rent $2,190
Projected Monthly Expenses $420
Vacancies & Maintenance $262
Cashflow Monthly $1,506
Equity $56,160
Annualized Cash on Cash 13.61%
FOR FULL PROPERTY DETAILS, PICTURES and COMPS CLICK BELOW 'Read More'
Dallas, TX 75211
cad value: $72,140
tax 2016: $1,962
3 Beds 1 Bath 1,396 sq ft
buiult 1925
lot size 9,072
Main house
$90 PSF - $125,640
Market rent $1,295
2 Beds 1 Bath 1400 sq ft
2nd smaller house on lot
$90 PSF - $119,000
Market rent $895
total building square footage 2,796
total value $244,640
9,074 sq ft lot
Single Family
Built in 1925
Frame House
Pier and Beam foundation
average days to sell: 16
average days to lease: 32
COMPS
avg PSF $81.60 - $228,153
high PSF $108.97 -$304,680
This is a Single-Family Home located at Arcadia Gardens subdivision in Dallas - Dallas County. Property is currently occupied, please DO NOT disturb tenants! Drive by only until group showing scheduled.
There are two houses on lot, the mian house is a 3 bed 1 bath and the second house is a 2 bed 1 bath. Both houses run from the main home-water, gases, electric. Run on separate hvac, but again both on same electric. It keeping property as a rental it would be ideal to rent to one family with the need of a secondary space for additional family but it could be rented out to two separate families if some adjustment made.
House needs rehabbing and we estimate a budget of $60,000 for a quick resale or $50,000 for a rental. See our estimate sheet report for items needed, please do your own due diligence on repair estimate.
Most of the houses in this neighborhood sell very fast, all comps used are not a full rehab property. Crime rate in Trulia is solid green showing to be a strong area.
Closing is set for September 20th and this will be an assignment. Cash or hard money only. To schedule a viewing please contact Alfred or Felipe.
Check property on Trulia
Crime Rate=Green=EXCELLENT
Zillow
Zestimate $114,460
Ren Zestimate $1,300
GOOGLE MAPS
Call 972.268.9260 if you have any questions
Send all offers to mail@casadeals.com
verifiable pof required
$3k Non-Refundable Deposit Required
Cash or Hard Money ONLY
Buyer Always Pays All Closing Costs
CMA comps, property reports, rehab estimate and more info below:

property-report_1043-n-justin-ave-dallas-tx-75211_2017-07-19-20-21-57.pdf |

realistreport_1043_n_justin_ave.pdf |

quick_cma_sold_8-17-17.pdf |

full_hotsheet_sold_comps_8-17-17.pdf |

cloud_cma_detailed_pictures_8-17-17.pdf |

quick_cma_rental.pdf |