Solid Flip or Cash Flow Rental in Dallas!

Home Forums Real Estate Community Chatterbox Solid Flip or Cash Flow Rental in Dallas!

This topic contains 0 replies, has 1 voice, and was last updated by  Stephen Salerno 7 months ago.

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    Stephen Salerno

    ARV: $143,000
    Price: $95,000
    Rehab: $15-25,000

    Beds: 4
    Baths: 2
    Sqft: 1686

    Low DOM for both solds and rentals comps. House needs a new roof. No signs of foundation issues. Already has central heat. Just needs condenser to tie into already existing duct work. Basic cosmetic rehab to get desired ARV. Nothing too fancy needed at this price point. I believe you can put $15k into the house to make a nice rental and rent for $1400/month. With the 212 Landlord Program, you will be out of pocket around $30k and cash flow roughly $600/month. That is a rough 20% cash-on-cash return!!! You should have all your initial investment back within 4 to 6 years.
    Comps, full rehab breakdown, and photos available.
    Contact Stephen for more details and access 214-643-8464

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