Single Family Property in desirable South Houston area!

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5246 MaddenLn Houston, TX 77048

Sold
Property Details

5246 MaddenLn Houston, TX 77048

Sold
Description

Single Family Property in desirable South Houston area!

House Sold - Houston TX

Single Family Property in desirable South Houston area!
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Price $81,000
HARD MONEY & CONVENTIONAL Appraisal already checked!
5246 Madden Ln Houston, TX 77048

call 832.648.3626 or email deal@catalystfdg.com 

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Amazing Buy and Hold opportunity in South Houston. Home needs minor updates – lots already done. Homes in this neighborhood RENT FAST!
This one will go quickly!

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$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.

Hard Money with Catalyst Funding and Conventional with Catalyst Group @ SNMC

Property Details

Price: $81,000
Address: 5246 Madden Ln Houston, TX 77048
Estimated ARV: $113,000 VALUE CHECKED
Estimated Repairs: $19,780
Floor Area: 1,048 sqft
Lot Size:  6,930 sqft
More details: 3 Bed / 1.5 Bath
Estimated Cash out of pocket:  $23,750
Cash on Cash: 26.7%
Return on Equity: 20%
Estimated Rents: $1200
Estimated Cash Flow: $529

Estimated Repairs

Foundation – Slab $ 3,000.00
Roofing Service Check $ 350.00
Interior Paint and Drywall Repairs $ 2,550.00
Outside Lights $ 100.00
Flooring – Demo and Replacement Lam/Tile/Carpet $ 2,400.00
Break Box, Weatherhead, Lights, Fans, Switches $ 2,300.00
Bathroom, Vanity, Tub, Surround, Toilet, Etc $ 2,400.00
Appliances $ 775.00
Laminate Counters, Sink, Fixtures $ 1,000.00
Doors, Knobs and stops $ 775.00
Convert back to 3BR $ 3,330.00
Clean Up, Make Ready, Misc, and Debris Remove $ 800.00Total $ 19,780.00

Sale Comps

  • 5202 Canterway – $122,000 – 3/2   1196 sqft
  • 5202 Madden Ln –  $113,500 – 3/1  1079 sqft
  • 5431 Osprey –  $120,000  – 3/2  1578 sqft

Rental Comps

  • 12811 Claygate – $1,250  – 3/2  1318 sqft
  • 12127 Glenhollow Dr –  $1,229  – 3/2  1092 sqft
  • 5211 Bungalow – $1,230  – 3/1.5  1186 sqft

CLICK HERE FOR MORE PHOTOS

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
  • 1.5 bath
  • Built 1968
  • 1 Parking Spaces
  • Land is 6930 sqft
  • Floor Area is 1043 sqft
  • Garage