4/3/2 Low End Flip in Wedgewood Sub, in Fort Worth

[Josh Winkler]

This is a solid candidate for a lower end flip, or nice rental in a nice neighborhood off of Granbury Rd near 20. It is a brick rancher which needs a new roof, some foundation, and then updates throughout. Based on the comps $1600 is easily attainable for a rental.

Sold Comps:
6036 Worrell Drive, Fort Worth, 4/3/2, 2,220 sqft., Sold for: $191,000 on 05/06/2016
3904 Wedgworth Rd. Fort Worth, 4/3/2, 2,276 sqft. Sold for: $200,000 on 04/26/2016
6313 Talgarth Court, Fort Worth, 4/3/2, 2,372 sqft. Sold for: $208,000 on 05/02/2016

Leased Comps:
6505 Sabrosa Court, Fort Worth, 3/2/2, 2,092 sqft., Leased for: $1,550 on 04/19/2016
3805 Wedgway Drive, Fort Worth, 3/2/2, 2,006 sqft., Leased for: $1,600 on 07/17/2015
3708 Wedghill Way, Fort Worth, 3/2/2, 2,269 sqft., Leased for: $1,600 on 08/01/2015

Price: $110,000
Rehab: $45,000
ARV: $189,000
Potential Gross Profit: $34,000
Rent: $1550-1650/mo

For further information call:
757-897-6937

Josh