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Archived almost 5 years ago

$109,800

3 bd 2 ba 1384 sqft

1009 E Standifer, Mckinney, TX 75069

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

$1,550

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

OFF Market Mckinney Deal under 110k!!!

Off Market Property in Mckinney under 110k! The house currently sits as 3/1/0 @ 1384 sqft. This house has new windows and a new electrical panel. However, after that the house needs everything. The rehab includes cosmetics, HVAC, floors, kitchens, plumbing, foundation and baths. Our rehab budget is significant at $46.96/sqft.
The comps in this area are strong selling between $151.93/sqft-$156.48/sqft with an average of $154.43/sqft. Our best comp is 1103 Moore which was a frame 3/2/0 @ 1448 sqft that sold at 220,000. Rental comps show 1500-1600/mo. Buying at 109,800 or 79.33/sqft makes your the second cheapest thing by bother measure sold in the area in the last year. This is a solid flip or rental for seasoned.

NPO: $215,000
Rehab: $65,500
Price: $109,800 Includes all closing costs
Rent: $1500-1600/mo

Bedrooms: 3
Bathrooms: 1 (adding a second bath)
Garage: 0
Square Footage: 1384

Location:

1009 E Standifer, Mckinney, TX 75069

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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.