{{contact.first_name}} What is your Buy Box for 2023?
Feb 10, 2023 11:11 pm
For Sale is the Equitable Rights to this Contract.
Do not contact the owner / seller without our authorized consent.
Any attempts to renegotiate or make contact with the owner will result in legal action.
We have this property under contract and Offering at $160,000
Current rent is $1030 and the seller will request a 45-60 day lease back.
The purchase offer is based on a Rental /Buy and Hold Strategy. (Not a flip)
(Please note: we have negotiate with seller an this is the least he will take. If this doesn't fit your buy box, then your'e not the buyer.)
For Sale is the Equitable Interest through Assignment of Contract.
OFFER PRICE: $160,000
3 bed
2 bath
1,194 sqft
Please note: this is one side of a duplex. We are NOT selling the entire duplex. Only one side of it. The side being sold has 3b/2ba/1,194sqft.
ARV is $215 and most properties have sold at this number as of 1/2023.
- After purchase market rent is at $1800 mo.
- There is NO HOA.
- NO Restrictions.
- AC is Good,
- Roof is Good,
- NO foundation issues.
- All tile floor and no carpet (ideal for rentals)
Click here to download PDF Investment Analysis showing assumptions if purchased with an 80/20 loan.
- It has great equity build up if you hold it for 5-10 years.
- $ 289/mo Cash Flow
- 10.2% Cap Rate
- 7.6% COC
If you purchase it as a cash sale, then the number goes even higher.
Comps of recent sales at $214-219K
Please let me know soon if you would like to go see it and lock it up.
We are only showing it to a handful of VIP investors like yourself that buy and hold in the DFW area.
Viewing by appointment only. Please do not go to the property and do not disturb tenants.
EMD: $3,500
Closing: Feb 20, 2023
Buyers pays all closings costs
CALL OR TEXT ME TO VIEW IT or
TO LOCK IT UP!
Thanks
Alex Sanders
"EQUITABLE INTEREST DISCLOSURE PURSUANT TO TEXAS PROPERTY CODE SEC. 5.086: THIS INSTRUMENT REPRESENTS ONLY AN OPTION OR ASSIGNMENT OF AN INTEREST IN REAL PROPERTY. IT IS NOT A TRANSFER OF TITLE. ASSIGNOR DOES NOT HAVE LEGAL TITLE TO THE PROPERTY. CONSULT AN ATTORNEY PRIOR TO EXECUTION IF YOU DO NOT UNDERSTAND THIS DISCLOSURE."
Seller is a Licensed Agent in Texas. For sale is the equitable interest through assignment. Property sold "AS-IS" and must be purchased with cash or hard-money. Assignee must sign a binding agreement with Non-refundable earnest money prior to any marketing. Earnest money must be wired to the Title Company within 1 day of the Assigning agreement. Buyer must perform their own due diligence prior to signing assignment agreement. Pictures may not be accurate and only may only show current conditions of the subject property. Selling entity is not selling real property, only offering to sell their equitable interest. Prospective buyers must verify all details of property. Alex Sanders Realty Investment Group, or Seller of interest makes no representation as to the condition, measurements or defects of the subject property. Do not contact the owner / seller without our authorized consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
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