50% OFF ARV! $80K → $150K – 3/2 Flip in McLean, TX

HaveService
Classifieds
2moFollow

50% OFF ARV! $80K → $150K – 3/2 Flip in McLean, TX

Daniel Ekwueme
Wholesaler · Miami, FL · Member since 2026 · 22 posts · 3 votes

Subject: 50% OFF ARV! Quick Flip - 516 Walnut St, McLean, TX 79057

📍 Property: 516 Walnut St, McLean, TX 79057

· Price: $80,000

· ARV: $150,000

· 3 bed / 2 bath | 1,922 SQFT

🛠 Repairs Needed:

· 1 room to be fully redone

· Cosmetic interior & exterior updates

· Roof is 12 years old (optional replacement)

📊 Recent Comps (sold within last year):

· 1112 Charles St → Sold $114K (As-Is)

· 910 S Canadian St → Sold $229K

Why This Works:

· $70K spread before repairs — big margin opportunity

· Great quick fix-and-flip at 50% off ARV!

· Serious inquiries only. DM me for details or to schedule a viewing.

0Reply
104 views

Investor-friendly agents in McLean, VA

See the agents BiggerPockets members work with in McLean, VA.

2 Replies

Jump to latestLatest
  • Jim BlackburnBusiness Member
    Lender · Florida Based (48 states Puerto Rico) · Member since 2017 · 322 posts · 121 votes
    2mo

    With an ARV of 150k, a typical fix and flip loan will go up to 75% max — so 112k.

    Typically 10% of the purchase price is required for down payment, so 8K down + 10k est closing costs.  Round up to 20k from pocket for easy math. 

    Typically a fix and flip loan will give 100% of the renovation cost up to the 112 k cap. 

    So buyer comes to the table with approx 20k to close.  Gets 30k back at closing for the rehab.  

    Sells for 150k.  Pays off the 112k loan. Walks away with 28k.  But remember he put in 20k so he really only got back 8k. And that’s assuming no realtor commisison, seller taxes or capital gains tax.  

    Without financing, the gain is only 18k, still seems on the small side.  However, this was assuming that you actually need 30k rehab to get it to 150k arv.

    If the rental comps are good in this market, this would probably be better for a long-term old cash flow investor rather than a fixing flip investor.   

    However- if the renovation is mostly cosmetic and only needs 10k of work to get to the 150k value, then the gain could be 20k more.  

    The key will be assessing the rehab time and cost involved to get to to 150k arv.  

    954-993-1625
    Stairway Mortgage, a Division of NEXA Mortgage LLC598 Reviews
    WebsiteView Page
    1Reply
    • Daniel Ekwueme
      OP
      Wholesaler · Miami, FL · Member since 2026 · 22 posts · 3 votes
      2mo
      @Jim Blackburn message me

      0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free