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Archived over 3 years ago

$250,000

3 bd 2 ba 1774 sqft

5474 Lubbock Ave, Fort Worth, TX 76133

Residential SFR Off MLS

Current Rent **

N/A

Projected Rent **

$3,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

5474 Lubbock Ave, Fort Worth, TX 76133

Property Address: 5474 Lubbock Ave, Fort Worth, TX 76133

Property Type: SFH
Bedrooms: 3
Bathrooms: 2
Sqft of the House: 1,774
Lot Size: 8,750 sqft
Year Built: 1964Condition:  property needs to be reconstructed.
AC: It does not have one.
Roof:  needs a new one, could be about 5k or no more than 6k.

Vacancy: Yes. There's no lockbox but there's an electric system that opens up with a code.
ARV: 350k 
Rough Estimate of repairs: 65k-70k margin in order to reach the ARV.
Highlights: Great neighbourhood and location.BIG double garage
Any other Information: A lot of the work regarding the deconstruction has already been done. 

Pictures link: https://drive.google.com/drive/folders/18oOwZ6AXnHgZHAxrRc4pZAtIx6F0qhVOAsking Price: $210,000 Projected Rent: 1% of the total ARV.

Location:

5474 Lubbock Ave, Fort Worth, TX 76133

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.