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 or for Dennis call 214-607-8346.