Great flip or rental on Northwest side below 70% of ARV!!

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6409 Carver Rd Houston, TX 77091

Sold
Property Details

6409 Carver Rd Houston, TX 77091

Sold
Description

Great flip or rental on Northwest side below 70% of ARV!!

House Sold - Houston TX

Great flip or rental on Northwest side below 70% of ARV!!

$42,500  Price

6409 Carver Rd., Houston, TX, 77091

Great flip or rental opportunity below 70% of ARV!  Brick home in need of significant repairs.  This home needs an experienced rehabber to maximize the tremendous profit potential!  Home is vacant and needs: decking, roofing, foundation and a complete interior remodel including kitchens, bathrooms, lighting and fixtures.  A gold mine for the right investor!!

  

$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.

Price: $42,500

Address: 6409 Carver Rd., Houston, TX, 77091

ARV: $140,000

Estimated Repairs: $52,450

Floor Area: 2,026 sq. ft.

Lot Size: 8,362sq. ft.

More details: 3 bed/1 bath

Cash on Cash: 400%

Est. cash out of pocket: $5,000 

Estimated Rents: $1,150

Estimated Cash Flow: $300

Estimated Repairs List:

Interior Paint, Sheetrock installation, texture – $9000

Flooring – $4500

New roof, soffit, fascia, painting and decking – $12,000

Plugs and Switches – $600

Bathroom Remodels – $3750

HVAC – $5000

Appliances – $1250

Electrical and Plumbing repairs – $2000

Kitchen Remodel – $4250

Foundation – $3250

Fixtures, doors and door hardware – $2750

Landscaping, demo and cleaning – $2100

Partial window replacement and some repairs – $2000

TOTAL: $52,450

Click Here for Photos

Best 3 Sale Comps

3020 Desoto – $161,000 Sold 11/30/2016

2630 Desoto – $120,000 Sold 8/1/2016

3230 Areba – $179,999 Sold 2/27/2017

If interested please call us at 832.648.3626 or email

deal@catalystfdg.com 

At this price, buyer pays title policy and all closing costs.  Buyer’s realtor fee will be added to the sales price, if applicable.  This property is a “wholesale deal” and is under contract. We are offering to sell the contractual rights we have on this property for a fee which is already built-in to the Sale Price. A NON-REFUNDABLE deposit of $2,500 will be required when the assignment contract is signed and remainder will be paid at closing. We do not own this property and we do not represent the seller. Seller will pay all prorated property taxes.  The owner of Catalyst Funding, LLC is a licensed real estate agent.  Catalyst Funding, LLC is providing financing for investors for this property.  Catalyst Funding, LLC finances non-owner occupied properties for investors only.  Catalyst Funding, LLC does not provide any financing for owner occupants.  All details listed in this email and or anything we may have said over the phone or in person are only our personal opinions. Real estate investors are encouraged to verify all estimated numbers independently.  Catalyst Funding, LLC assumes no liability either expressed or implied for the accuracy of the information above.  Investors must do their due diligence for each property.

Property Features
  • House
  • 3 bed
  • 1 bath
  • Built 1963
  • Land is 8362 sqft
  • Floor Area is 2026 sqft