Great FLIP/RENTAL in Spring, Tx

[Andrew Nguyen]

This good-looking brick home in Memorial Northwest offers $65k in spread. The roof on this house is in good shape. The foundation needs some adjustment and the A/C unit will need to be replaced. The remaining work is all cosmetic. $50k is plenty to return this property to its former glory! Low days-on-market for sales and rental comps. suggest $2,600+ / month. Call me for viewing details today!

Sqft: 4059
Bed: 5
Bath: 3
Garage: 2

ARV: 290,000
Repair: 50,000
Cash: 175,000

Sherman Bridge out-of-pocket expense:

- Flip: $40,871 / Estimated pure profit: $28,475 / Cash-on-cash return: 51%

- Rental: $34,660 / Estimated monthly cash flow: $1,047 / Annual ROI: 30%