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Archived over 2 years ago

$289,000

2 bd 1 ba 2200 sqft

SPRINGTOWN, TX 76082

Residential SFR Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$2,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Wholesale Deal: DFW Flip Opportunity! -Springtown, TX

Wholesale Deal: Fix and Flip in Springtown, TX!
Just outside of Fort Worth, Texas.

Contact me if interested - 509-638-5347 or [email protected]

*Price includes a large single family home on an acre with numerous out buildings. On well and septic. County square footage is low. Property has been added on to.

Zillow -
https://www.zillow.com/homes/7490-W-Highway-199-Springtown,-TX-76082_rb/230803530_zpid/

Parker County Info -
https://iswdataclient.azurewebsites.net/webProperty.aspx?dbkey=PARKERCAD&stype=id&sdata=r52376&time=202404161531011&id=R000052376

All 54 Pictures -
https://drive.google.com/drive/folders/1djrekLyHmu9sBPwQNdnOcfnZTaE0ajuG

Walk Through Video -
https://www.youtube.com/watch?v=t8fPezHnPNs&ab_channel=JacobEvans

All 18 Comps - 3 bed, 2 baths within 1 mile of property, sold within past 12 months. -
https://portal.onehome.com/en-US/properties/map?token=eyJPU04iOiJOVFIiLCJ0eXBlIjoiMCIsInNldGlkIjoiNTU4NTI3MTA5Iiwic2V0a2V5IjoiNTk3IiwiZW1haWwiOiJqYWNvYi5kLmV2YW5zQGdtYWlsLmNvbSIsInJlc291cmNlaWQiOjAsImFnZW50aWQiOjEzMTY2MCwiVmlld01vZGUiOiIxIn0%3D&SMS=0&searchId=83ad38a1-82b0-3a8e-8c42-ee49409a77e3

Best 2 Comps -
https://portal.onehome.com/en-US/properties/map?token=eyJPU04iOiJOVFIiLCJ0eXBlIjoiMCIsInNldGlkIjoiNTU4NTI4NzQ1Iiwic2V0a2V5IjoiNDY1IiwiZW1haWwiOiJqYWNvYi5kLmV2YW5zQGdtYWlsLmNvbSIsInJlc291cmNlaWQiOjAsImFnZW50aWQiOjEzMTY2MCwiVmlld01vZGUiOiIxIn0%3D&SMS=0&searchId=3abb6557-6f27-3bc0-bc84-414d971eac4a

Purchase Price: $289,000 (OBO)

After Repair Value: $390,000
(Comps suggest 390k - 425k depending on quality and finishes)

Rehab Estimate: $30,000 suggested, to capture peak market value as a 4 bed, 2 bath.

Closing Costs: Split between buyer and seller

Address: 7490 W Highway 199, Springtown, TX 76082

Bed/Bath: Currently a 2/1 that can easily be converted to a 4 bed, 2 bath.

Square Ft: 2,200+ (1,212 assessed - is innaccurate)

Rent Estimate - As a 4 bed, 1+ bath -
https://www.rentometer.com/analysis/4-bed/7490-w-hwy-199-springtown-tx-76082/EZx0iNui2LU/quickview

Condition: Property is in rent ready condition. Inhabitable as-is for someone looking to owner occupy. A very straight forward remodel should capture peak value. See pics and videos above.

***NOTE***:

This property is offered as a contract assignment and/or partnership transaction. Property is easy to view and tour. Contact me for showing info. Interested parties should call or text (509) 638-5347 to set up a showing and submit offers. All purchase agreements are recorded with the Parker County Auditors office.

Realtors welcome! Feel free to add a commission of your choosing to the purchase price. An addendum will be signed and delivered to the closing agent to distribute payment at closing. Purchase price does not currently include any commissions.

~ To secure this deal please complete all of your due diligence and deliver or wire $10,000, non-refundable, earnest deposit.~

~ Happy Hunting!

Contact me if interested - 509-638-5347 or [email protected]

Location:

SPRINGTOWN, TX 76082

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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.