OFF MARKET Great Rental- WHOLESALE DEAL

[Brian Lauchner]

104 Jean Ln Euless, TX 76040

NUMBERS:

PRICE: $99,000

Estimated Rental ARV: $160,000 ($95/sqft-many houses in area selling for well over $100/sqft)

[Flip ARV is somewhere between $160k-$170k…no rehabbed comps in last year…many new construction across the street…the "updated" comps are still destressed or rent ready at best]

Estimated Market Rents: $1400/mo (basic rent ready all the way up to fully rehabbed will rent for $1400-$1500)
Estimated Rent Repairs: $15,000-$26,000 (depending on type of landlord)

Property is currently vacant, please contact me directly to set up a showing. 

ABOUT THIS PROPERTY:Great location! Large Lot! This property is the ideal rental- 4 bedroom, 3 full bath home (majority of comps are 3 beds). The house is steps away from S. Euless Elementary and neighborhood pool and rec area. Across from the house builders have come in and new construction is going up…some already on sale for $330k+. Estate sale is happening soon and family is clearing out personal belongings…so the house will have less inside by closing. HVAC is 2010 and in good shape, don’t know age of roof but it may only be about 5-7 years old.

• 1700 Square Feet (tax role shows 1375 sqft but in the 80’s the owner added on a 300+ sqft second story master loft with full bath and walk in closet)
• Built 1961
• 4 bed (not 3)
• 3 FULL baths (not 2)
• 2 Car Garage
• Brick and Slab

Rental REHAB:
Ceiling and Drywall repairs (includes new ceiling in garage)- $2300

Light fixtures/Electrical- $500

Int. Paint- $3,000

Flooring- $2,500 (leave the tile)

Kitchen- $2,500

Appliances- $1,000

Exterior siding/trim work- $1,000

Landscaping- $1,500 (if you want to cut down the large tree in the back)

Dumpster/Clean out- $2,000 (this should be more than enough)

Plumbing/toilet/fixtures- $550

3 Bathrooms- $7,500 (some people will choose to spend a third of this on baths)

MISC. and cleaning- $2,000

Pictures available - https://onedrive.live.com/redir?resid=2B0998229823E6DC!5843&authkey=!AD8cETvHiczz29s&ithint=folder%2cjpg

COMPS available, contact me.

Cash or hard money only
$2,000 non-refundable deposit
Property to be sold as-is, buyer to pay closing costs. First come first serve.
Please Do Your Own Due Diligence Before Signing Contract

Brian Lauchner

972-742-7594

[email protected]

SEVEN:24 Properties

~Matthew 7:24~