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Updated almost 7 years ago on .

User Stats

63
Posts
18
Votes
Johnathan Mark
  • Rental Property Investor
  • Houston, TX
18
Votes |
63
Posts

1678 SqFt Buy & Hold in Lancaster |Section 8 Tenant |Rent Ready!

Johnathan Mark
  • Rental Property Investor
  • Houston, TX
Posted

Great buy and hold with little deferred maintenance in a quiet Lancaster neighborhood! Lots of room for value-add.

The neighborhood is ideal for long-term tenants. Very quiet and DOM are below average. Home is currently rented by a Section 8 tenant who has kept the home in beautiful shape and is paying $1579 rent (almost $150 over market rent)! 

You'll have two options here:

Option 1: Take HML (or cash) for acquisition, re-fi and collect cash flow for years to come (My recommendation)

Option 2: Move tenants out, do a very light flip, and collect a pretty decent profit after you owner finance to another family or list it!

Sales Price: $134k

ARV: $174,901

Needs: Carpet, Refinish Cabinets, Counters, Hot water heater (All minor cosmetics, great condition!)

Cash or HM only, please

For pics or further info:

Johnathan 469.609.7458

Offering