Rental/ Owner Finance Property - Houston Tx

[Jacob Smith]

OFF MARKET RENTAL/OWNER FINANCE DEAL

Please take a look at the comps and pictures attached below. The property is in a great area for owner financing or to rent out. The property’s actual square footage is 1892 sqft per seller and is a 3 bedroom 2 bathrooms. Awesome cash flow property, this won’t last long!

SEE THE FINAL PARAGRAPH FOR PROJECTED APPRICIATTION

Call or text JACOB ( www.cashhomesolution.com ) 281.216.7954

~~~~~THE HOUSE~~~~~

Address: 4223 LURLENE ST HOUSTON, TX 77017 (1892 sqft.)

Asking Price: 115,500k

Repairs: 15k for general cosmetic updates.

Estimated ARV: 155K, conservatively ~ $81/sqft after light repairs

Estimate Rental: at least 1400/month

PICTURES:  click here   

~~~~~THE NUMBERS~~~~~

1) http://www.har.com/8157-juliabora-st/sold_21477556

Sold Price: 145k (27 days)

Sq. Ftage: 1148

2) Address: 8136 WIER DR HOUSTON, TX 77017 ($80.34/sqft)

Link: http://www.har.com/8136-wier-dr/sold_94399845

Sold Price: 112k (19 days)

Sq. Ftage: 1394

3) Address: 8412 LENORE ST HOUSTON, TX 77017 ($126.93/sqft)

Link: http://www.har.com/8412-lenore-st/sale_76966409

Sold Price: under contract at 115k (22 days)

Sq. Ftage: 906

4) Address: 8302 HOWARD DR HOUSTON, TX 77017 (Sale date old but most similar)

Link: http://www.har.com/8302-howard-dr/sold_45398465

Sold Price: Sold in 08/04/2015 at $165,900 (12 days)

Sq. Ftage: 2064

RENTALS: (Same Subdivision)

1) Address: 8355 WIER HOUSTON, TX 77017

Price: 1350

Sq. Ft.: 1568

DOM: 37

2) Address: 8326 GLENVIEW DR HOUSTON, TX 77017

Price: 1200

Sq. Ft.: 1390

DOM: 18

Call or text JACOB ( www.cashhomesolution.com ) 281.216.7954 


~~~~~THE STORY~~~~~

I suspect this area's property values will be appreciating in value very nicely. This property is located near a very big public works development!

http://www.houstontx.gov/council/i/wortham-glenbro...

"In January 2015, City Council unanimously approved long-term lease agreements with the Houston Golf Association (HGA) to restore and operate , and with the Houston Botanic Garden Board (HBG) to transform the existing golf course at Glenbrook into a world-class Houston Botanic Garden."

(The Glenbrook Golf Course is very close to 4223 LURLENE ST)

Timeline and progress

HBG – Botanic Garden at Glenbrook

• HBG must raise $5M by December 31, 2015 – Goal Met
• HBG must raise $20M by December 31, 2017 BEFORE BREAKING GROUND (City Council can extend up to 1 year)
• Must complete construction of the first phase no later than 4 years after taking control of site
• Fundraising and master planning are ongoing

THANK YOU FOR READING!!!

Call or text JACOB ( www.cashhomesolution.com ) 281.216.7954