***SOLID BUY & HOLD DEAL IN MESQUITE, TEXAS***
Off Market buy & hold deal in the Town East Estates of Mesquite. Similar updated homes are selling closing to $135.00/sqft on average with many going in a little over 30 days of being the market. The rentals are solid with homes leasing around $1450+/- a month. The budget for rehab will go towards updates in the kitchen, bathroom, flooring, along with some foundation work and converting the garage into living space and much more. THIS HOME CURRENTLY SITS AT 936 SQFT. YOU MUST CONVERT THE GARAGE IN ORDER TO OBTAIN THE PREDICTED ARV; however, you can rent it out without converting the garage.
Broker Price Opinion*: $165,000
All in Price: $115,00
Est. Rehab: $30,000
*This represents an estimated sale price for this property. It is not the same as the opinion of value in an appraisal used by a lender to approve a mortgage loan.
John Preston | Licensed Real Estate – 688609
M: (903) 576-6360 O: (214) 997-0444
NetWorth Realty of Dallas-Ft. Worth, LLC