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Archived almost 4 years ago

$148,000

3 bd 1 ba 1178 sqft

1801 West , Mckinney, TX 75069

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$1,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Off Market Mckinney Flip

All-in Price: $148,000.00
Rehab: $60,021.75
ARV: $260,000.00

OFF MARKET house in Mckinney! The house currently sits as 3/1/1 @ 1187 sqft. The rehab includes cosmetics, HVAC floors, kitchens, and baths, and foundation. Our rehab budget is significant at $50/sqft. The comps in this area are strong selling between $206/sqft-$342/sqft with an average of $248/sqft in an average of 11 DOM. Our NPO is $219/sqft. Rental comps show 1500/mo. This is a solid flip for a seasoned investor.

Location:

1801 West , 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.