Fix&Flip Corpus Christie Investor Needed!

[Jenna Basile]

FIX AND FLIP - Corpus Christie, TEXAS! 

**** Tierra Oriente, Corpus Christi, TX 78415

1748 square feet, 1.24 acres of land. Originally the home was a 3 bedroom, 2 bathroom but they made the attached garage into an additional bedroom.

Repairs - All cosmetic! Property was just treated for termites with damage only to the exterior. Wood was replaced but not painted. Roof replaced 2014 or 2016. HVAC was replaced in 2022. Septic was drained 10/2022. No Foundation issues.

Repair estimate - 52K (30 dollars per square foot)

ARV - 265K. Neighbors/sisters home was just flipped and is on the market for 295K, so to be safe we took 10% off the top.

DEAL ANALYSIS

Price - $106,000

Rehab - $52,000 (30 dollars per square foot)

Commission (3%) - $7950

Holding Cost for 4 months = $8480

Closing - $5300

Total Invested - $179,730K
ARV - $265,000

Profit - $85,270