Garland, Texas Rental Property For Sell

[Stephen Salerno]

ARV - $142,000 SQFT 1695

Price - $99,000                 Bedroom 3

Repairs - $13,000            Bathroom 2 

Pros

Great Monthly Cash Flow  Rents $1295-$1350 

Easy Rehab

New Roof and Electrical Panel

Potential Investor Concerns

Backs to an vacant lot adjacent to a Church

Comps Breakdown:

Our Property: 1,695 sq ft with a projected ARV of $142,000 placing it at $83/sq ft.

Comp 1 6506 Alta Oaks Dr ($131,000 & $89.91/sq ft) - Clean House with some updates in the bathroom and flooring. Black appliances and Formica counter tops. Smaller House Sold Cash Over List price

Comp 2 2826 Ashglen ($140,000 & $86.53/sq ft) - 8 DOM! Sold over list FHA loan! This house does have a pool but the interior of the house is not fully updated.

Comp 3 6501 Glenmoor ($151,000 & 77.36/sq ft) - Bigger house 15 DOM No pictures

Rehab Breakdown: Foundation bids in packet. Awaiting GC Bid Raul from M&R Construction has been to the property.

Pictures:

https://www.dropbox.com/sh/b49kz1gf5f4i252/AACw_MPyIECV33IuLneGzvV5a?dl=0

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax