Cash Flowing Grand Prairie Rental

1818 Spikes St, Grand Prairie, TX 75051

$175,000 After Repair Value -
$102,000 Asking Price -
$38,000 Cost of Repairs =
$35,000 Potential Profit

Property Details

Asking Price $102,000

After Repair Value $175,000

Costs of Repairs $38,000

Potential Profit $35,000

Living Area 1343 ft2

Property Type Single Family House

Bedrooms 4

Bathrooms 1

Half Bathrooms 1

Parking 0

Listed with Agent No

Property Description

1970 build house in Grand Prairie with garage converted to make a 4th bedroom. The conversion was done well with nice windows and vented with central heat and air. Rental rates for partially updated properties are around $1,400/month and flipped comps are selling $170k+. Would work well for really any exit strategy. Cash buyers only please!

Repairs Needed

Will need some foundation work (nothing crazy), and full interior cosmetic updates. Roof looks solid and HVAC is salvageable, especially if you plan to hold it as a rental property.

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