This 3-bedroom, 2-bathroom single-family home, built in 1975, 1,431 sq ft of living space. It sits on a 6,916 sq ft lot in a quiet, family-friendly cul-de-sac, this property offers tremendous value with minimal work required!
- Investment Potential: Offers versatility for rental and flip strategies with rental comps at $2,250 per month.
- Rehab Time: Heavy lifting is already done, reducing rehab time significantly.
- Quick Turnaround: Trash removal, demo, and interior painting already completed and a very low DOM (days on market) of only 28 days!
🏷️ Asking Price: $174,999 📈 ARV: $255,000
💸 Projected Return (After Expenses): 21.5% ($43,800) 💰 Rent: $2,350/month
🛠️ EST Repairs: Less than $25,000 (Cosmetic & Minor Touch-Ups)
Key Features
- GENRAC Backup System: Newly installed, valued at $10,000, providing automatic backup power for peace of mind during outages.
- Easily Convertible 4th Bedroom: Add a closet and door to create a fourth bedroom effortlessly.
- Demo and Trash Removal Completed: Ready for updates with demo and debris already handled, saving time and costs.
- AC in Excellent Condition: Regularly serviced and in great working order for reliable cooling.
- Fresh Paint: Recently painted interior for a clean, move-in-ready feel.
- Walk-In Shower Tub: New installation offering accessibility and added value.
- Workshop and Shed: Backyard includes a workshop and shed, perfect for storage or projects.
- Cul-de-Sac Location: Quiet, family-friendly neighborhood providing privacy and safety.
Rental/Flip: With rental comps at $2,250 per month, this property offers versatility for various investment strategies. Whether you’re looking to flip for a quick profit or establish a long-term rental income stream although the smart money is holding at the moment and for the foreseeable future.
Comparable Properties
- Sold For: $236,500/ $175.18 per sqft.
- Sale Date: August 21, 2024
- Notes: 3 beds, 2 baths, decent updates with strong sale price.
2. 8451 Sterlingshire St Houston,TX 77078 (Sold)
- Sold For: $239,400/ $171.72 per sqft
- Sale Date: October 11, 2024
- Notes: 3 beds, 2 baths, smaller home sold with virtually no updates!
3. 9503 Balsam Ln Houston, TX 77078 (Sold)
- Sold For: $300,000/ $186.14
- Sale Date: May 29th, 2024
- Notes: 1,660 sqft SFH with multiple apparently unpermitted rooms added and no updates and this is a 1956 build!
4. 8537 Caddo Rd. Houston, TX 77078 (Sold)
- Sold For: $290,000
- Sale Date: March 22th, 2024
- Notes: Only 2 bd/2.5 bath,1,770 sqft slightly newer home on larger lot built with inexpensive materials and poor location.
5. 8346 Stone Shire Street (Pending Sale)
- Listed For: $230,000
- Price per Sq Ft: $147.60
- Notes: 3 beds, 2 baths, 1,558 sq ft.
🔑 ACCESS: THIS IS A FIRST COME FIRST SERVE OPPORTUNITY SO CALL ASAP TO SCHEDULE A WALK-THROUGH. PLEASE BE PREPARED TO PRESENT CURRENT POF (PROOF OF FUNDS).
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