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For sale 17 days ago

$307,000

2 bd 2 ba 1600 sqft

Upper Bay Rd, Addison, TX 75001

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$2,800

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Brian Connor

Off-Market Addison Patio Home Flip

Off-Market Addison patio home up for grabs! Excellent flip or rental opportunity in a desirable location! This home will need a cosmetic rehab before hitting the market. ARV based on converting the loft area into a 3rd bedroom to match the comp at 17090 Knots Landing, which looks to have a nearly identical floor plan as our subject property.
Currently sits as a 2/2/2 with a loft area. ARV based on making it a 3/2/2 by converting the loft area to a bedroom. 17090 Knots Landing looks to be the same layout but with a bedroom where our loft area is.

Roof - 8 years old.
HVAC - 8 years old.
Walks flat.

HOA - $100/month. Covers lawn and common areas.

Closes 7/29.
2 week leaseback - $3k deposit w/ $100/day holdover.

Call/Text Brian
2146634827

Location:

Upper Bay Rd, Addison, TX 75001

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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.