Houston ARV 157, Asking 130, Rent 1400, Repars 5k

[Jacob Smith]

OFF MARKET RENTAL DEAL

Please take a look at the comps and pictures attached below. 

Pictures for Piney Oaks.zip

Address: 13511 PINEY OAKS DRHOUSTON, TX 77065
4/2, 1,860 Sq Ft - Built 1982

http://www.har.com/13511-piney-oaks-houston-tx-77065/homevalue_3525420

Estimated ARV: 157-160k

Estimated Rental: 1400/month

Asking Price: 130k

Repairs: ~5k (Been updated and ready to be rented out, NEW AC!)

Roof- Replaced 2008
AC- Replaced 2014
Foundation- No Cracks in walls, no leveling issues
Electrical- No inspections, all fixtures work
Plumbing- No Inspections, All water runs

Repaint House (Fence included)- $2 K
New Dish Washer, Stove- $1,200
Fix Counter top in kitchen (you'll see what I mean) $250- $350

New Front and Back Door $400
Replace Roof Jacks $500

COMPS:

1) Address: 13502 TARA OAK DR HOUSTON, TX 77065

Link: http://www.har.com/13502-tara-oak-dr/sold_31976634

Sold Price: 157k (10 days)

Sq. Ftage: 1788

2) Address: 10302 RABBIT OAK DR HOUSTON, TX 77065

Link: http://www.har.com/10302-rabbit-oak-dr/sold_91770335

Sold Price: 157.5k (3 days)

Sq. Ftage: 1795

3) Address: 13411 TARA OAK DR HOUSTON, TX 77065 (Way less updates)

Link: http://www.har.com/13411-tara-oak-dr/sold_92917348

Sold Price: 149k (26 days)

Sq. Ftage: 1940

4) Address: 10310 OAK LIMB DR HOUSTON, TX 77065 (Way less updates)

Link: http://www.har.com/10310-oak-limb-dr/sale_13793655

Sold Price: under contract for 159,477k (45 days)

Sq. Ftage: 1860

5) Address: 10318 OAK LIMB DR HOUSTON, TX 77065

Link: http://www.har.com/10318-oak-limb-dr/sale_10186455

Sold Price: under contract for 164,450k (5days)

Sq. Ftage: 1713

RENTALS: (Within 6 months)

1) Address: 13602 WHITE CLIFF DR HOUSTON, TX 77065

Price: 1400

Sq. Ft.: 1860

DOM: 16

2) Address: 13431 TARA OAK DR HOUSTON, TX 77065

Price: 1495

Sq. Ft.: 1984

DOM: 14

3) Address: 13614 PECAN OAK DR HOUSTON, TX 77065

Price: 1395

Sq. Ft.: 1655

DOM: 10

4) Address: 13411 TARA OAK DR HOUSTON, TX 77065 (Way less updates)

Price: 1400

Sq. Ft.: 1940

DOM: 48

Please Call for a showing- 281.216.7954