Description

104K GREAT RENTAL–30K EQUITY NEWER 2-STORY 1715 DOUBLETREE PL. 

DESCRIPTION: 1715Doubletree Pl, Mesquite 75149. Great Rental. North Mesquite. 20 min. drivefrom Downtown Dallas. Close to major highways, shopping, new development. Locatedon quiet cul-de-sac w/open floor plan, 2 stories, high ceilings in living area.Current value is approx.. 131-140K .   Renovation to include 5 piers, touch-up paint and carpet - possibly granite add 1800.

FREE INCOME PROPERTY  

THIS IS A NEWER PROPERTY AND IDEAL FOR THE FREE INCOME PROPERTY 1. ACQUIRE 104K

2. REHAB 6K

3. REFINANCE - 20% EQUITY REQUIRED 

4. VALUATION - 138K (RECENT COMPS 140k)

138K x 20%  = 27,600.  138,000-27,600 = 110,400

YOU PULL OUT 110,400 = FREE PROPERTY!

THIS IS A NEWER 2 STORY AND RARE OPPORTUNITY FOR THE FREE INCOME PROPERTY MODEL.    



    




Property Details

Property Status Expired
Price $104,000
Estimated Repairs $6,000
Square Footage 1736
Sq Footage Source tax_records
Estimated ARV $139,000
Estimated Equity $29,000
Bedrooms 3
Bathrooms 3
Garage Size 2
Year Built 1985
Publish Date October 9th, 2016

Seller Information

Lombardia Properties

Member since May 2015


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