Flip or rental property in New Braunfels, TX

[Ryan MacDonald]

Address: 1044 Lone Star Dr.

Year Built: 1965

ARV: $165K

Repairs: $30K

2 bed/1 bath with 2 living areas

Home Sq ft: 1,504

Lot Size: .18 acres

Asking Price: $83K, buyer pays all closing costs.

School District: Comal ISD

Market Rents: 2 bed = $1,228 / 3 bed = $1,462

Nice property on a corner lot in a peaceful lake community. This house could make a great rental as well as a flip. It is not in a flood zone as the FEMA line ends across the street just below the other homes house line.

Property pics https://drive.google.com/open?id=0B27Wh4mUcj7ESUFwWDEtZEMxY0U

Comps

https://www.zillow.com/homes/for_sale/New-Braunfels-TX/49558915_zpid/39966_rid/29.681985,-98.073567,29.669568,-98.087772_rect/15_zm/1_rs/

https://www.realtor.com/realestateandhomes-detail/1253-Lone-Star-Dr_New-Braunfels_TX_78130_M86021-77667

Other homes for sale and sold in area:

https://www.zillow.com/homes/for_sale/New-Braunfels-TX/49558876_zpid/39966_rid/29.681985,-98.073567,29.669568,-98.087772_rect/15_zm/1_rs/

https://www.zillow.com/homes/for_sale/New-Braunfels-TX/49560874_zpid/39966_rid/29.689227,-98.065789,29.664394,-98.094199_rect/14_zm/1_rs/

https://www.zillow.com/homes/for_sale/New-Braunfels-TX/122229786_zpid/39966_rid/29.68301,-98.072902,29.670593,-98.087107_rect/15_zm/1_rs/

https://www.zillow.com/homes/for_sale/New-Braunfels-TX/49559564_zpid/39966_rid/29.68301,-98.072902,29.670593,-98.087107_rect/15_zm/1_rs/