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Updated 10 months ago,

User Stats

187
Posts
15
Votes
Alex Arguelles
  • Wholesaler
  • Miami, FL
15
Votes |
187
Posts

Investment Opportunity: Corpus Christi, TX |Net Equity: $ 70K |$ 20,100 PREPAID Rent

Alex Arguelles
  • Wholesaler
  • Miami, FL
Posted

End Buyers Only
Corpus Christi, TX 78410

https://www.biggerpockets.com/real-estate-listings/corpus-ch...

Investment Opportunity + Leaseback:
Asking Price: $ 420K
Net Equity: $ 70K
Net Equity Formula: Market Value - Asking Price = Net Equity
Market Value ($490,000) - Asking Price ($420,000) = Net Equity ($70,000)
Monthly Rent: $ 3,350 with 6 months of prepaid rent + deposit
Total rental income: $ 20,100

4 BD / 2.5 BA
Sq. Ft: 3,577
Lot size (Acres): .3
Year Built: 1998
Seller wants to stay as a tenant

Why buy this property?
Coastal location with beaches and water activities
Corpus Christi International Airport 10 Mi
Shopping and dining nearby within .8 Mi
Several schools within 5.2 Mi
Hospital 1.4 Mi
Highway 77 1.6 Mi

Low Crime Rate
Investment Potential
Proximity to Work
Good Schools
Community Amenities


DISCLAIMER:

DO NOT CONTACT THE OWNER/SELLER WITHOUT OUR EXPLICIT CONSENT. ANY ATTEMPTS TO RENEGOTIATE OR CONTACT THE SELLER WILL RESULT IN LEGAL ACTION

Offering
Houston, Texas