🏡 COSMETIC Flip in Tomball, TX | + $130K Spread | Nice area✨🌄

Description

Address: 19819 Hollington Dr, Tomball, TX 77375

5-bedroom / 2-1/2 -bathroom Single Family Home

Deal Takeaways:

Nice area 🏠
Vacant at close
Very light rehab
Financials:

ARV: $475,000

Purchase Price: $345,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $475,000

(*) 94% for sale commissions

(-) $345,000 purchase price

(-) $25,000 estimated rehab costs

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

(=) $71,500 profit

Estimated Rental Profit Details:

Estimated Rental Income: $2,997.00

(-) $428 monthly tax

(-) $110 monthly insurance

(-) $299 property management (estimated recommendation)

(-) $299 recommended allocation for repairs, vacancy, etc (estimated recommendation)

(=) $1,861 a month

Property Details:

3,540 Home Square Feet

7,079 SQFT Lot Size