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Archived about 5 years ago

$52,000

2 bd 1 ba 1040 sqft

Metropolitan Ave , Dallas, AL 75215

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

$950

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Femi Ibrahim

SOUTH DALLAS BUY AND HOLD/ FIX AND FLIP!! CHEAP PROPERTY

Check out this investor special in South Dallas.

Good for fix and flip as well as buy and hold.

Address: Metropolitan Ave, Dallas, TX, 75215

2 bed 1 bath
1040 sqft

Need cosmetic repairs and minor foundation repairs

ARV: $91.250
Repairs: $16,500
Purchase Price: $52,000

Rent :$950

Details of repairs:

1) Exterior Painting $1,500. Paint already bought and would be given to buyer for free.
2) Interior Flooring $4,000. Hardwood floor bought as well. Ceramics also bought for restroom
3) Interior Painting : $3,500
4) Minor Foundation repair : $5,500
5) Miscellaneous expenses: $3,000

Plumbing, Electrical and HVAC in perfect condition.

Seller is half way remodeling the house, but needs cash to attend to some matters urgently.

Cash buyers only. This will go fast.

Please do not disturb. Tenant in property.

Showing on Wednesday at noon.

$5,000 non refundable fee that would be applied at closing.

You can call me or text at 4692020748.

Location:

Metropolitan Ave , Dallas, AL 75215

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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.