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Home Texas Electra 76360 Houses - Apartments for Sale Property Details

2 Bed, 1 Bath Single Family $12,500 For Sale By Owner

305 IDA AVE, Electra, Texas 76360
Property Type Single Family
Beds / Baths 2 / 1
Price $12,500
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Year Built: N/A
Living Area Size 1256
Floors N/A
Garage N/A
Source Partner Site
Ad Id 3976-2C8D
Provider Listing Id 24149483
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Description

Light Rehab for Rental: Refinish Hardwood Floors (1,000 sqft * $2.50 = $2,500), Basic Tile Install in Kitchen and Bathroom ( 256 sqft * $5.00 = $1,280), Power Wash Exterior & Paint ($1,500), Minor Sheetrock Repair & Paint Interior (1,256*$3.00 =$3,770), Landscape Clean-Up ($600), Miscellaneous ($1,000) Total Estimated Rehab: $11,000 $6,600 Annual Rent Potential - $550 (Taxes) - $1200 (Insurance) - $660 (10% Future Repair Reserves) - $660 (Future Capital Expenditure Reserves) = $3,530 Annual Cash-Flow $3,872 Annual Cash-Flow / $24,100 All-In Investment (Purchase Price + Closing Costs + Light Rehab) = 16.06% Cash On Cash Return On Investment Potential After Repaired Market Resell Value: $35,000 - $24,100 (Purchase Price + Closing Costs + Light Rehab) - $3500 ( Closing Costs) = $7,400 Flip Potential !!! Hurry as this deal wont last long!!!

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Posted by : Partner Posting

Active Since :  04 Oct, 2012
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Home > Real Estate > Houses - Apartments for Sale 305 Ida Ave Electra TX #ZIP# #PROPERTY TYPE# – For Sale By Owner | ByOwner.com | FSBO
$ 12,500
305 Ida Ave Electra TX #ZIP# #PROPERTY TYPE# – For Sale By Owner | ByOwner.com | FSBO, 2 Bedrooms, 1 Bathrooms For Sale: $12,500 Light Rehab for Rental: Refinish Hardwood Floors (1,000 sqft * $2.50 = $2,500), Basic Tile Install in Kitchen and Bathroom ( 256 sqft * $5.00 = $1,280), Power Wash Exterior & Paint ($1,500), Minor Sheetrock Repair &a real estate
305 IDA AVE Electra Texas 76360
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