Property is cleaned out and back on the market! This house is a block SFR located in Lockhart. The property is in an industrial heavy area and will need almost everything to get back into tip top shape. You have to go down the street a little bit to find houses of a similar age and style. A month ago, we felt 150k was a very fair estimate for the ARV. Since the situation is what it is, we have reduced the ARV by 10 percent.
A lot of materials are still in the house for the rehab as well. If you were going to rent, you should be able to get $1,000 to $1,100 a month. Rehab will be closer to 30k or less as a rental.
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