$267K Ridgmar house with ARV of $405k!

1608 Dakar Rd W, Fort Worth, TX 76116

$405,000 After Repair Value -
$267,000 Asking Price -
$55,000 Cost of Repairs =
$83,000 Potential Profit

Property Details

Asking Price $267,000

After Repair Value $405,000

Costs of Repairs $55,000

Potential Profit $83,000

Living Area 2172 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 2

Half Bathrooms 1

Parking 2

Listed with Agent No

Property Description

Great looking flip opportunity in the popular Ridgmar subdivision in West Fort Worth! This ranch style home has great curb appeal and sits on a large lot with great looking trees. The average DOM of our comps is 17 with three of them selling in 4 days or less! This is also the cheapest house for sale in this pocket by $42k!

Repairs Needed

House needs cosmetics, foundation work, and plumbing work. Roof and HVAC are good. I have a foundation bid and a plumbing bid totaling $16k. If you allocate $16k to repair those two things that still leaves you with $39k to do a cosmetic update which is more than enough for a 2100 square foot house.

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