🏡 ✨ FULL Reno Project in Corpus Christi | $70 K Spread | Vacant SFH

Description

Address: 1321 Main Dr, Corpus Christi, TX 78409

4-bedroom / 2-bathroom Single Family Home – great flip opportunity!

Deal Takeaways:

Full Cosmetic work needed around the house
LOW purchase price
Roof needs work
Financials:

ARV: $195,000

Purchase Price: $58,700

Estimated Profit Details (Flipper/MLS Sale):

ARV: $195,000

(*) 94% for sale commissions

(-) $58,700 purchase price

(-) $87,500 estimated rehab costs

(-) $5,000 esti. closing / holding cost

(=) $32,100 profit

Estimated Rental Profit Details:

Estimated Rental Income: $1,800

(-) $68 monthly tax

(-) $110 monthly insurance

(-) $180 property management (estimated recommnedation)

(-) $180 recommended allocation for repairs, vacancy, etc (estimated recommnedation)

(=) $1,262 a month

Property Details:

1,980 Home Square Feet

5,184 SQFT Lot Size