Flip or Rental Property! Royal, Dallas

[Leo Lanza]

Address:

NPO: $1,500,000

REHAB: 750,000 (to build a 5,000 sq ft home) 

Cost: $330,000

Down payment: $5000

Call Leo 817-783-4014

Description: Perfect spot for a new build or buy and hold on royal! Home is in good shape and will approximately 40-50k to flip it if you wanted to. I believe it will be less if you wanted to rent this out. Comps are showing that you need to build at least a 5,000 sq ft home. Will cost anywhere from 125-150 a foot to build. Comps selling anywhere from 1.3-2 million for custom builds and there are several within a few homes that are being built now. Also, there are as-is homes on royal that have sold higher than us.