NEW PROPERTY: Katy Flip or Rental - 180/20/250/1900 Rents

[Lyall Storandt]

Greetings!

We have a great new property available in the Governor's Place area of Katy, TX (Houston suburb).

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

Price: $180,000.00

Rehab: $20,000.00

ARV: $250,000.00

Rents: $1,900.00

Sherman Bridge out-of-pocket expense:

- Flip: $40,028 / Estimated pure profit: $22,445 / Cash-on-cash return: 35%

- Rental (@ $1,900 / mo.): $31,395 / Estimated monthly cash flow: $457 / Annual ROI: 15%

Square footage: 2,524

Bedrooms: 4

Bathrooms: 2.5

Garage: 2

Year built: 1983