Unlock a prime investment with this fantastic home in one of the hottest areas right now. Located on a large corner lot with beautiful old oak trees in the highly desirable Old Town Katy neighborhood, this property is close to major shopping centers and highways, and served by highly rated schools. This is a perfect buy and hold for any investor looking for a reliable property with dependable appreciation.
🏷️ Asking Price: $239,999 📈 ARV: $295,000 💰 Rent: $2,350/month
🛠️ EST Repairs: Less than $5,000 (Minor Touch-Ups)
Key Features:
- Roof: Less than five years old
- Heating: Gas heating
- Cooling: Newer AC Unit (Less than 6 yrs old)
- Solar Panels: New solar panels installed and staying with the house
- Reliable Energy: Subject property is on the same power as emergency services so in the event of a outage, power is restored almost immediately.
- Lot: Nice big lot
- Workshop: Huge workshop in the back in great condition, included with the property
Rental/Flip: With rental comps at $2,350 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:
- Address: 3348 Friar Tuck Drive
- Status: Sold
- Sold Price: $335,000
- Sold Date: February 27, 2024
- Bed/Bath: 4/2
- SqFt: 2,138
- Price/SqFt: $156.69
- Address: 1606 Airline Drive
- Status: Sold
- Sold Price: $250,000
- Sold Date: July 19, 2024
- Bed/Bath: 3/2
- SqFt: 1,510
- Price/SqFt: $165.56
- Address: 5347 Friar Tuck Drive
- Status: Pending
- List Price: $210,000
- Bed/Bath: 3/2
- SqFt: 1,532
- Price/SqFt: $137.08
- Address: 1639 Chilton Lane
- Status: Pending
- List Price: $240,000
- Bed/Bath: 3/2
- SqFt: 1,852
- Price/SqFt: $129.59
- Address: 5331 Nottingham Drive
- Status: Pend Cont to Show
- List Price: $235,000
- Bed/Bath: 2/1.5
- SqFt: 1,112
- Price/SqFt: $211.33
🔑 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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