Description

For sale is a turn-key rental house located at 1614 Danbury Drive in Garland. This brick home was built in 1997 on a slab foundation in an interior lot of the Mill Creek Crossing subdivision. This 2 story home features an open layout with 2,828 square feet and 5 bedrooms, 2.5 baths and a 2 car attached garage.

 

The home appears to be in excellent condition for its age and may need just a little make-ready to get it up to current market specs. The major mechanical items; foundation, roof and HVAC appear to be functioning as intended. The roof was replaced a few months ago, HVAC is less than 5 years old, foundation was repaired 8 years ago and the home has recently been painted by the tenant. 

 

This rental home was rented a few months ago to a screened tenantfor a year lease at $1,475 per month. The estimated market rent for thisproperty is around $1,800 per month, so a rent increase or a new tenant isrecommended in order to maximize cash-flow returns. With very little make-readyneeded and an off market asking price of $174,900 OBO this property canpotentially cash-flow over $600 per month after a rent increase to currentmarket prices. 

 

This will be a standard type of transaction with a $3,000 deposit and 40 day closing time. Seller is to pay title policy and seller’s closing costs. No showings until an accepted contract. Please give us a call if you are interested in more details, comparable sales report and a cash-flow analysis for this home. 

 

For Zul please call 817-914-7223 or for Dennis call 214-607-8346. 





Property Details

Property Status Expired
Price $174,900
Estimated Repairs $1,500
Square Footage 2828
Sq Footage Source
Estimated ARV $205,000
Estimated Equity $28,600
Bedrooms 5
Bathrooms 2.5
Garage Size 2
Year Built 1997
Publish Date September 13th, 2016

Seller Information

Investable Realty

Member since June 2015


Do your research before making any investment!

Seller assumes all responsibility for the content of this listing.