Great Rental – Quick Fix/Flip Pending

  • $144,000.00
  • 3 beds
  • 2 baths
  • 1253 sqft

Great Rental – Quick Fix/Flip

Located in a great rental market, this single-story 3 bed, 2 bath home includes 1,253 sf of livable area and an attached 2 car garage. This home will make a great rental of quick fix/flip.  The house has been well maintained over the years, but no interior updates have been made since purchase.  The seller has had the roof replaced 6 years ago and he A/C was replaced 2 years ago. The owner is moving into the a newly built home with a completion date scheduled for beginning of April.  Lease back agreement in place.

Numbers:

  • Offer Price: $144k
  • ARV: $180k+
  • Repairs: $10-15 ft
  • Rents: 80% of 3/2’s rent between $1,375-$,1695. Average is $1,525 (per rentometer)

Highlights:

  • Home needs a complete cosmetic update
  • A/C was replaced 2 years ago
  • Roof was replaced 6 years ago
  • Kitchen + bathrooms are original, could be updated if needed but not necessary for a rental
  • Interior needs paint / exterior paint needed
  • Linoleum wood plank flooring throughout the whole house. Needs to be resurfaced or redone depending on strategy as it has taken a toll over the years from her pets.
  • 2-3 double pane windows may need repair/replacing
  • Foundation in good condition
  • Back fence was done about 5-6 years ago
  • Construction: 1 Side Masonry, HardiPlank Type
  • Lease back agreement in place.

Please let us know if you or someone you know might be interested. Email, call or text us at 512-535-5554. Click Here for the Investor Packet including detailed financials, comps, pictures, and more.

  • $3,000 Non-Refundable Deposit & signed agreement to secure contract
  • Properties are sold on a ‘first come, first serve’ basis
  • Buyer pays standard closing costs incl. title and a new survey, if required
  • Buyers responsibility to do their own due diligence and verify all information
Price:
$144,000.00
Address:
116 Spillway Dr
Kyle, TX 78640
Square Feet:
1253
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
2003

Call 512-535-5554 for more details

Property Location