NEW PROPERTY: Washington Terrace Flip - 135/70/265/1800 Rents

[Lyall Storandt]

Greetings!

We have a great new property available in the Washington Terrace area near the Texas Medical Center; University of Houston; and Texas Southern University.

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $135,000.00

Rehab: $70,000.00

ARV: $265,000.00

Rents: $1,800 / Month

Sherman Bridge out-of-pocket expense:

- Flip: $29,974 / Estimated pure profit: $29,808 / Cash-on-cash return: 28%

- Rental: $25,708 / Estimated monthly cash flow: $576 / Annual ROI: 21%

Square footage: 1,422

Bedrooms: 3

Bathrooms: 1

Garage: N/A

Year built: 1940