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For sale 18 days ago

$500,000

4 bd ba 3647 sqft

Ripplewood, Montgomery, TX 77356

Residential SFR Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$5,000

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Lakefront Flip

Lake Conroe flip opportunity!! Lots of upgrades in this house despite the recent floods. No mold, house is taken care of and not neglected. Home owners said home has been flooded several times. Foundation needs lifting and/or pumps installed for the engineering experts in this field. Yes, this could be the majority of your rehab budget, but lots to be made here. ARV upwards to $1M!! Owner needs out. Home worth more than asking - even in current state. Lakefront, boat dock, outdoor kitchen, deck, sunroom, new windows, and amazing other features.

Location:

Ripplewood, Montgomery, TX 77356

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.