Great Buy/Hold in Cockrell Hill area

[Telless Cade]

This is a cheap little deal in the Cockrell Hill area of Dallas. It has a larger corner lot on two not-very-busy streets (one of them is a dead end) and is right near the elementary school. Rehab is pretty light--just interior cosmetics only. Houses are getting up to $157/sqft in this subdivision, and it should rent out easily for $1000/mo.

Price: $91,000

Rehab: $18,500 for a flip/$14K for a rental

ARV: $135,000

Rent: $1000/mo.