Recently Updated Buy & Hold in SE Houston! $346 Cashflow with current tenant

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4822 Pederson St Houston, TX 77033

Sold
Property Details

4822 Pederson St Houston, TX 77033

Sold
Description

Home was rehabbed approx 2-years ago. Needs foundations, flooring, & Touch Up. Tenant paying $1025 per month through April 2019.

House Sold - Houston TX

Great Deal to Buy and Hold!

Tenant occupied, estimated $346 a month cashflow with plenty of room to increase rent.

Home is currently leased at $1025 per month until April 2019. Top of market rents are estimated at $1150.

 If interested, please call us @ 832.648.3626

or email deal@catalystfdg.com 

Great Rental opportunity in South East Houston! 

Contact us TODAY!

Estimated ARV: $125,000

Estimated Repairs: $13,750

Floor Area: 1,100 sqft

More details: 2 Beds / 1 Bath / 1 Garage

$2,500 non-refundable earnest money check made to Investus Home Buyers, LLC required to secure property. First one to deliver check gets the deal. Buyers to pay all closing costs.

Please conduct your own due diligence.

Hard Money with Catalyst Funding and Long Term Financing with Catalyst Group @ SNMC

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Property Details

Price: $92,000

Address: 4822 Pederson St

Estimated ARV: $125,000

Estimated Repairs: $13,750

Lot Size:  7,500 sqft

More details: 2 Bed / 1 Bath

Estimated Rent: $1150

Estimated Monthly Cashflow: $346 per Month @ $1025 Rent

ROI: 49%

Cash on Cash:  19.8%

Cash OOP Estimate: $21,571

Estimated Repairs

Foundation (Quoted by Vendor) $     5,800.00
Interior Paint & Sheetrock repairs $     2,900.00
Exterior Touch Up and Repairs $        550.00
Flooring (Vinyl & Carpet) $     2,600.00
Roof Repair above Garage $        500.00
Appliances –  Stainless Range & Hood $        800.00
Interior Light Fixtures $        200.00
Make Ready $        400.00
Total $   13,750.00

 

If interested, please call us @ 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
  • 2 bed
  • 1 bath
  • Built 1945
  • 1 Parking Spaces
  • Land is 7500 square
  • Floor Area is 1100 square
  • Garage