OFF-MARKET PROPERTY: Southland Place - 49.9/40/115/1150 Rents

[Lyall Storandt]

Greetings!

We have a great new off-market property available in the Southland Place area of central Houston.

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

Price: $49,900.00

Rehab: $40,000.00

ARV: $115,000.00

Rents: $1,150 / month

Sherman Bridge out-of-pocket expense:

- Flip: $21,463 / Estimated pure profit: $6,590 / Cash-on-cash return: 28%

- Rental: $17,078 / Estimated monthly cash flow: $536 / Annual ROI: 34%

Square footage: 1,303

Bedrooms: 3

Bathrooms: 1.5

Garage: 1

Year built: 1950