All Forum Posts by: Stephen Salerno

Dallas, TX 75227

Price: $420,000 (Cash or Hard money ONLY)

Great Turn Key Package of 14 Town homes in Dallas. All Units have had the roof replaced recently. There are 12 2/1.1 units and 2 1/1.1 units.

The 2/1.1 units are rented for 645 and the 1/1.1 units are rented for 550. Living areas are down starts with a half bath and bedrooms and full bath are upstairs. All units are under leases. All units are individually deeded and metered for utilities.

Cap analysis.

Gross Operating Income: 106,080

Gross Operating Expenses

Tax: $5,350 Insurance: $6,300 HOA: $19,488 MGMT:10% $10,608

Vacancy/repairs $8486.40

Total: 41,746 50,232.4

Net Operating Income:

55847.6

Cap Rate:

55847.6/420,000=.1329=13.29%

Great return for minimal work from you needed. The Cap could be higher if you were to manage the properties yourself. With the money you save it may be of interest to do so.

For more details and showings please give me call.

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax

I would research your area and see what comparable houses are doing and selling/renting for. Is anyone else using granite tile? I always get my rentals to market standard for as cheaply as I can and get a tenant. I am In it for cash flow and I want as much as I can.

Welcome Todd,

I have lived in Dallas my whole life and I did not know where Scurry was located.

If you have any questions about anything at all don't hesitate to ask.

Great Buy-Fix-Sell Opportunity in a very hot area of Dallas. This house is serviced by Lakewood Elementary. A very popular public elementary in Dallas.

ARV 420,000 Square Footage 2288

Investor Cost: 286,000 Bedrooms 4

Rehab Estimate 50,000 Bathroom 3

CASH OR HARD MONEY ONLY

The house is in overall good condition with no signs of foundation issues, updated electrical, and a two year old roof. The HVAC needs to be replaced. The rest of the budget is towards cosmetically updating the house to neighborhood standards and reconverting the garage back.

This house does back up to the Dart Light rail tracks

rehab breakdown:

Kitchen $7,000 Baths $6,000 Paint $3,500 Flooring $10,000

HVAC $5,500 Windows $4,500 Exterior $2,000 Garage $2,000

Landscaping $2,000 Demo $1,000 Clean Out $1,500 Misc. $2,500

Lighting $1,500 Doors $1,500

Pictures: Copy and past link to see pics

https://app.box.com/s/yg170l6rvvozkai1hh8t

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax
[email protected]

NetWorth Realty

Dallas - 75208

ARV: $430,000

Investor Cost: $275,000 (Cash or hard money only)

Rehab Estimate: $67,000

Estimated Gross Profit: $88,000

Square Feet: 2573

Bedrooms: 4

Bathrooms: 2.1

Great opportunity in Winnetka Heights subdivision! The house is in great shape. It is in need of a high end cosmetic update. Align Foundation did not recommend any foundation repair at this time. The rehab budget includes everything plus adding nice extra features like a car port and electric gate. Great opportunity to renovate a historic home.

Call Stephen for more information and showings!

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax

NetWorth Realty

Fort Worth - 76116

ARV: $79,900

Investor Cost: $56,000 (Cash or hard money only)

Rehab Estimate: $10,000

Estimated Gross Profit: $13,900

Square Feet: 1103

Bedrooms: 3

Bathrooms: 2

Great opportunity in Fort Worth for solid Cash Flow! The house would make a great rental or owner finance deal with rent comps over $950 per month. Rehab consists of roof, paint, flooring, and minor touch ups. Quick rehab to make rent ready.

Call Stephen for more information and showings!

--My Business runs on referrals. Keep them coming. Thank you!--

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax
[email protected]

NetWorth Realty

Dallas – 75216

ARV: $63,000

Investor Cost: $30,000 (Cash or hard money only)

Rehab Estimate: $18,000

Estimated Gross Profit: $15,000

Square Feet: 1320

Bedrooms: 3

Bathrooms: 1

Great opportunity in South Dallas for solid Cash Flow! This house is in really good condition. The house would make a great rental or owner finance deal with rent comps over $850 per month. Owner Finance comps are coming in close to $60,000. The house sits on a half an acre and will easily attract a buyer or tenants with a growing family. Rehab is mostly cosmetic with some minor roof patching.

Call Stephen for more information and showings!

--My Business runs on referrals. Keep them coming. Thank you!--

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax
[email protected]

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax

NetWorth Realty

Dallas – 76228

ARV: $315,000

Investor Cost: $217,000 (Cash or hard money only)

Rehab Estimate: $35,000

Estimated Gross Profit: $63,000

Square Feet: 2595

Bedrooms: 4

Bathrooms: 3

Great opportunity in East Dallas in the Casa Linda subdivision! This house is in really good condition. This house has a well don garage conversion. Other updated house in the same sub-division are selling for $137-$146 a sqft. Since the subject house does not have a garage we placed our ARV at $121 a sqft. There is an option to build a garage and push the ARV closer to $350,000 with more rehab. The house need minor foundation repair and a cosmetic rehab.

Call Stephen for more information and showings!

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax

Networth Realty Dallas, TX 75228

ARV-$140,000 Sqft 1299

Purchase: $90,000 Bedrooms: 3

Rehab Estimate: $20,000 Bathrooms: 2

Gross Profit $30,000 Construction: Brick

This house is a clean brick 3/2/2 in east Dallas just south of the casa view subdivision. Rental comps are coming in between $1200-$1350. The rehab is gears towards a retail sell. For rental purposes, a few updates along with fresh paint and flooring will go a long way.

Call Stephen Salerno @ 214-793-1246 for more information.

--My Business runs on referrals. Keep them coming. Thank you!--

Stephen Salerno

Licensed Real Estate Agent #624451

NetWorth Realty of Dallas/Fort Worth # 587060

5057 Keller Springs Rd Suite 300

Addison , TX 75001

(214) 373-9000 Office

(214) 793-1246 Direct

(214) 373-0900 Fax

[email protected]

Networth Realty

Mesquite- 75150

ARV $125,000

Purchase $87,500 (Cash or Hard money Only)

Rehab $12,000

NON-MLS rental property in Mesquite, close to Town East Mall. The house is cleaned out ready for cosmetic updates. 3/2/2, 2011 sqft. The house backs up to a green belt. HVAC and electrical looked good. The roof is in good condition for rental. Foundation was fixed 6 wks ago with warranty. Property will rent all day at $1250.

Rehab Breakdown:

Kitchen $1,500

Baths $2000

Paint $1,500

Floors $5,000

Exterior $1,000

Misc $1,000

Photos:Photos Click here

For more information and showings call Stephen, 214 793 1246

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax