30% ROI Flip or 12% Cap Rate Rental Dallas Texas Suburb Mesquite

[Fernando Angelucci]

Hello BP!

Attention Investors! This beautiful home is located in the Dallas, Texas suburb of Mesquite. Rehab and Flip for a 30% ROI or Buy and Hold as a rental at $1,400 for a 12% Cap Rate. This property needs $15,000 - $20,000 in rehab consisting of paint, carpet for the bedrooms, drywall patch in the garage, kitchen update, and bathroom update.

ARV of $147,000 minimum with comparables having an average Days on Market of 19 days. The most recent comparables are as follow:

1313 Duvall Dr. - $148K - 4/6/17

1423 Rancho Dr. - $135K - 4/27/17 (smaller property)

1418 Caladium Dr. - $140K - Pending Sale (smaller property)

1308 Tulip Trl. - $169,900 - Active Listing

Here is a dropbox link with all the photos: https://www.dropbox.com/sh/ux9qho72kcso3ux/AAD_Lw5...

Wow Factors include a huge backyard, fireplace, low taxes, 2 car garage, and minor repairs.

This is an assignment of contract. Do all due diligence before entering into a contract as this contract is being sold AS-IS with no contingencies. Only Cash or Hard Money will be accepted, NO CONVENTIONAL FINANCING. First one to sign the Assignment of Contract and remit the Assignment fee shall get the deal. Must close before June 1st, 2017.

Don't sleep on this deal. For fastest response call Fernando or Nick at 214-305-6255.

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