Fantastic Textbook 3/2/2 Rental or Flip in Outstanding Spring ISD

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5027 Adonis Spring, TX 77373

Sold
Property Details

5027 Adonis Spring, TX 77373

Sold
Description

Fantastic Textbook 3/2/2 Rental or Flip in Outstanding Spring ISD

House Sold - Spring TX

Cookie-cutter 3/2/2 deal in Spring that can be either a flip or rental.  Nice street scene with strong pride of ownership in surrounding homes.  Estimated $575 cash flow!!!!  Budget should be more than adequate to get property in the condition of other comparables.  Home has some cracked tiles, but exterior brick appears to be in solid condition.  
Must move quickly, this property should not last long!  
Estimated Repairs List:
Interior Paint and Minor Sheetrock Repairs – $2,200
Flooring Replacement – $2,500
Some Extrior Trim Repairs and Touch Up Paint – $1,500
Electrical Repairs, Plug and Switches – $600
Bathroom and Kitchen Remodels – $3,000
HVAC Repairs – $1,750
Appliances – $800
Potential Foundation Repairs – $1,500
Roof Repairs or a Potential New Roof – $1,900
Counterops – $1,000
Fixtures, Door Hardware and Some Door Replacement – $1,500
Demo, Landscaping, Power Wash and Final Cleanup – $1,200
Fence Repairs – $500
TOTAL: $19,950

 

Rental Comps
4534 Donalbain – Rent $1375 3/2 1284 sq ft.
23126 Wintergate – Rent $1345 3/2 1129 sq ft.
5007 Maurita – Rent $1200 3/2 1108 sq ft.

 

Sale Comps
5031 Maurita – $120,000 3/2 1108 sq ft.
4707 Glendower – $135,000 3/2 1389 sq ft.
4534 Donalbain – $138,900 3/2 1284 sq ft.
$2,500 non-refundable earnest money check made to Saxum Real Estate Solutions required to secure property. First one to deliver check gets the deal. Buyers to pay all closing costs.
Please conduct your own due diligence.
Cash or hard money with Catalyst Funding only.
Property Features
  • House
  • 3 bed
  • 2 bath
  • Built 1979
  • 2 Parking Spaces
  • Land is 6050 sqft
  • Floor Area is 1233 sqft
  • 2 Garage