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Archived over 1 year ago

$43,000

5+ bd ba 3691 sqft

3118 Legends Creek, Spring, TX 77386

Residential SFR

Current Rent **

N/A

Projected Rent **

$3,200

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Brian Madsen

SUBJECT TO DEAL - Houston TX Area

5 bed / 3 bath 3,691 dq ft.

Pictures: Legends Creek Photos

Purchase Price: $319,000 (approx principal balance)

Monthly Payments $2855.63 PITI

Arrears: $23k approx

Cash to Agent: $10k (approx commission)

Assignment $10k

Interest Rate: 5.5%

Total Entry: $43k + closing cost

Needs only minor cosmetics

Location:

3118 Legends Creek, Spring, TX 77386

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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.