NEW PROPERTY: Richmond Rental - 113/20/160/1550 Rents

[Lyall Storandt]

Greetings!

We have a great new property available in the Tara area of Richmond (Houston suburb).

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $113,000.00

Rehab: $20,000.00

ARV: $160,000.00

Rents: $1,550+ / Month

Sherman Bridge out-of-pocket expense:

- Flip: $24,862 / Estimated pure profit: $9,781 / Cash-on-cash return: 20%

- Rental: $25,150 / Estimated monthly cash flow: $642 / Annual ROI: 28%

Square footage: 1,926

Bedrooms: 5

Bathrooms: 2

Garage: 2

Year built: 1981