Wholesale Fix And Flip Owner Financed

TEXT 234 738 0276 - Off-Market Fix-and-Flip Opportunity in McKinney - $375,000

1503 West St, McKinney, TX 75069

$650,000 After Repair Value -
$375,000 Asking Price -
$50,000 Cost of Repairs =
$225,000 Potential Profit

Property Details

Asking Price $375,000

After Repair Value $650,000

Costs of Repairs $50,000

Potential Profit $225,000

Living Area 1680 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 2

Half Bathrooms N/A

Parking 1

Listed with Agent 1

Property Description

Off-Market Fix-and-Flip Opportunity - Assignment of Contract. 1503 West St, McKinney, TX 75069 (Collin County) - Vacant single-family home: 3 bedrooms, 2 bathrooms, 1,680 sq ft, built in 1970, on an 8,276 sq ft lot. Asking Price: $375,000. ARV: $650,000. Nearby recent sales: $528,000-$694,000. Seller financing available: $35,000 down, 8% interest, $2,100/month, 7-8 month term. Solar panels (electric runs about $65/month) and whole-house water filtration. The $30,000 solar lien is paid off at closing. Owner has already put $6,000 into the property. Rehab estimates: $30K or less as a rental; $50K for a $500K+ ARV; $80K-$100K for a $650K ARV. Showings by appointment. Contact: TEXT - | Phone: 234.738.0276. Fast Cash Loan Program: - LVVI funding application form: - Collective Closing Team. This is an assignment of contract.

Repairs Needed

Rehab estimates: $30K or less as a rental; $50K for a $500K+ ARV; $80K-$100K for a $650K ARV. Solar panels and whole-house water filtration already installed.

CONTACT LISTING OWNER

Greg Simpson

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