6319 Force Street
Houston TX 77020
Price $64,900 OBO
Year Built: 1950 / Appr Dist
SqFt: 1,260 / Appr Dist
Lot Size: 5,000 / Appr Dist
3 Bedrooms, 1 Bath
Financing Considered: Cash Sale, Hard Money.
- Come and get the TRUE 70% of ARV (After Repaired Value) minus repairs deal. HOW REFRESHING in the age of 95% of ARV minus repairs “but you could rent it with X% ROI” deals. Almost $45K remodeling allowance and you will still hit the numbers based on this formula. See 2nd slide showing the comps ONE OF THEM ON THE SAME STREET both of them same lot size. 1,260 sf X $129.47 = $163,132 ARV X 0.7 = $114,192 – $69,900 asking price = $44,292 repair allowance!!!
- Homesite Harbor (Denver Harbor area) flip needs everything but if you can get it done for $45,000 in repairs or less (That’s whopping $37.50 per sf remodeling allowance!!!) and some of you can for sure you will love this little ugg that you can turn into a H-U-U-UGE Trump style treasure chest. ADD A ROOM and make it a 1,600 sf (this is what we suspect the 2nd comp did) and MAKE SOME SERIOUS $$,$$$!!!
- $2,000 Earnest Money – this is not an assignment of contract we own the property.