Asking Price $27,656
Market Rent $795
Owner Finance $895
Estimated Repairs $5,000 (mostly labor, most building materials are bought)
Current AVM $62,000
AVM Est. Range: $46,500 – $77,500
Rental Cap Rate 21.62%
Flip Estimated Profit $14,49
ROI on flip 42%
Annualized ROI on flip 126%
Buy 'n Hold Projections
Profit at Refi $6,435
Equity Left after Refi $10,590
Cashflow $350
CAD $31,348
Taxes $538
3321 Elderberry Ln
Joshua TX 76058
SEE MORE and get COMPS, Property Reports and Scenarios
2 bath
1,280 sq ft
2 acres lot
1999 yr built
Double Wide Mobile Home w/ Land
Manufactured Home/ Wood / Siding
Average days on market 104
This '99 Double Wide Home in Joshua 3/2 with 1280 Sq. Ft. is completely off market, not listed in the MLS! You get 100% mineral rights. This is an absolute cash machine, market rent brings in at least $795 a month at this price your return is off the charts on the low 20s.
The home sits on 1 acre lot and it comes with a BONUS (non transferable/sale deed) , and that would be the adjacent 1 acre from the property! That's right you get the bonus included in which you could easily put a brand new mobile home on it and almost double your return! It doesnt get any better than that!
The home has a new roof and you should easily get at least a $50k retail value for it if you decide to sell it right away. The repairs originally needed were HVAC, paint, carpet, kitchen update and baths. There was a tiny fire in the kitchen in which caused previous rehaber to run out of money (and patience) there was minimal smoke damage but did ruin one of the kitchen cabinets. Previous investor already purchased most of the building material in which comes with the sale of the property, his loss your gain, therefore the bulk of your rehab budget will be labor to finish up the work inside and some of the exterior bottom siding.
This little baby can be a very nice quick flip for an estimated profit of around $14k or you can just hold on to it and cash flow a minimum of $350 a month. Buy it now at 52 cents on the dollar! This is an assignment and you must be able to close quick. Full comps, property reports and scenarios follow below! This deal will not last long so contact us fast to get it under contract.
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
To schedule a showing call/text Felipe at 972-265-9260 or email mail@casadeals.com
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Buy 'n FLIP Scenario
Projected Resale Price 52,953.00
After-Repair Value (ARV) $52,953.00
Projected Cost of Sale 3,706.71
Purchase Price $27,656.00 or 52% of ARV
Flip Profit $14,590.29
Rehab Cost $5,000.00 or 9% of ARV
ROI 42%
Total Holding and Closing Costs $2,000.00 4%
Annualized ROI 126%
Total Financing Costs 0%
Total Project Cost Basis $34,656.00 65% Timeline Assumptions:
Total Amount Financed - Time to Complete Rehab: 1 Month
Total Cash Committed $34,656.00
Time to Complete Sale: 3 Months
Total Time: 4 Months
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BUY 'n HOLD Scenario
PROJECTED RESULTS
Projected New Loan Amount (for Refi) 42,362.40 Cash Left in the Deal after Refi -
Closing costs on New Loan $1,270.87
Equity Left in the Deal after Refi $10,590.60
Cash-Out at Refi $41,091.53
Monthly Cash Flow (before-tax) $350.66
Profit at Refi $6,435.53
Cash-on-Cash Return (before-tax) Infinite
*(cash pulled out in excess of investment)
DCR of New Loan 1.99
Assuming 8% Rate and 20 Year Amortization
Assumed Time to Complete Rehab: 1 Month
Assumed Time to Complete Refi: 3 Months
Total Time between Acquisition and Refi: 4 Months
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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
To schedule a showing call/text Felipe at 972-265-9260 or email mail@casadeals.com

3321 elderberry ln SOLD COMPS |

3321 elderberry ln LEASE COMPS |

3321 elderberry ln REALIST and TAX Report |

3321 elderberry Flip and Hold Scenario |

CMA CLOUD 3321 elderberry ln Presentation |

3321 elderberry ln RPR Report |
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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.
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.