Dallas-Fort Worth Real Estate Investor Club

3/2 Eagle Mountain Lake – Great flip or easy rent

Estimated ARV                                                 $215,000
Estimated Repairs                                              $35,000

Price                                                                   $149,000

3/2 in high demand area and . Mature trees/shade, walk to lake/marina/bar & grill, 1679 sq ft

Flip or rent. Not many rentals available in this area.

11775 Randle Ln, 76179 (nice Eagle Mountain Lake neighborhood, see pics on Zillow)

Showing 9/6/17 @ 7pm

Contact: info@affordablepropertiestx.com    serious inquiries only please

Other key points:

• Another smaller home (1244 sq ft) very close to this home just sold for ~$249,000 this week

• Great location for access to Lockheed, Alliance, Southlake, Forth Worth, Joint Reserve Base, and lake

• Eagle Mountain ISD!

• No city taxes

• No HOA

• Roof less than 2 years old

• $650,000+ homes/neighborhood across street, other high end homes all around (over $1M)

• Major rehab items: septic ($3800 – 6000 confirmed), some flooring, kitchen, bath, paint

• Large rooms

• Large shop

$4,000 non-refundable deposit/escrow
Buyer pays all closing costs
Property to be sold as-is
Close Date: 9/20/17 (later with higher deposit)

Out of curiosity, do the rehabbers here still look for 70% minus repairs for higher priced homes? For. e.g. over $275K.

I would think getting an $80K spread on a $275K home would be a stretch in this market.