Houston, MSA - Spring, TX | $24,300 Net Equity

[Alex Arguelles]

End Buyers Only
Baton Rouge, LA, 70808

https://www.biggerpockets.com/real-estate-listings/houston-m...

𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 + 𝗟𝗲𝗮𝘀𝗲𝗯𝗮𝗰𝗸:
Asking Price: $220,700
Net Equity: $24,300
Market Value ($245,000) - Asking Price ($220,700) = Net Equity ($24,300)
Monthly Rent Estimate: $2,000

3 BD / 2 BA
Sq. Ft: 1708
Lot size (Acres): 0.6
Year Built: 1977
Seller wants to stay as a tenant

𝗣𝗿𝗲-𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴:
80% LTV DSCR Loan
Cash to Close (Estimated) = $64K - $68K

𝗪𝗵𝘆 𝗯𝘂𝘆 𝘁𝗵𝗶𝘀 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆?
Shopping and dining 2.5 Mi
Schools 3.5 Mi
George Bush Intercontinental Airport 3.9 Mi
Hardy Toll Road 3.7 Mi

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

𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗧𝗲𝗿𝗺𝘀:
The information provided about properties is sourced from public records including property card and property tax records. We make no representations of any kind. Buyers are strongly advised to conduct their own due diligence before making an offer. A non-refundable earnest money deposit of $2,500 of the Asking Price and a signed purchase agreement are required to proceed with an offer. Our standard policy is an 'as is' sale with no contingencies or inspections, unless otherwise specified. Close as soon as the title is ready (approx 7 days). It is our company policy that the buyer pays for all closing costs including the title insurance fee.

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