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| Pros and Cons of Purchasing a Foreclosure Auction Property | | | There are many properties being offered at foreclosure auctions across the nation right now. Some are good investments and others are not. Read More | | | How to Purchase a Fannie Mae Foreclosure Property | | | Purchasing a Fannie Mae property in my opinion is the easiest and best way to go right now if you are looking for a foreclosure property. Fannie Mae is government run. Read More | |
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Property Details |
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Property Information |
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Project Name : |
Rental Property in Booming Town |
Property Type : |
Single Family |
City : |
Members Only |
State : |
Texas |
Zip Code : |
Members Only |
County : |
Members Only |
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Square Footage (GLA/ GBA) : |
1250 |
Lot Size : |
Members Only |
Lot Attributes : |
Members Only |
Measurement : |
Acres |
Number Of Units : |
0 |
Zoning Code : |
Members Only |
Over All Property Condition : |
Good |
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Property Description: |
Take advantage of the local oil boom. 99% Rental Occupancy rate in this town.
2/1 Nice Home on Major Street in Odessa, TX. Fenced in back yard. Hard Wood Floors in Living Area. Central A/C. Just finish the updates on this house and you’re ready to go! Cash Buyers Only.
ARV: $89,500
Tax Appraisal: $58,825
Repairs: $7500-10,000
Rental Rates: $900/mo
- Comps and Estimates Available
- Title Company ready to go.
- Will manage onsite repairs for you. Contractors already lined up.
- Trusted Property Manager available.
- Payment servicing system for owner-financed properties available that will report to credit bureaus in order to refinance out in 2-3 years.
- Not the property for you? Contact me and let me know what you are looking for. |
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Surrounding Neighborhood: |
Members Only |
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Purchase & Invesment Information |
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Purchase Price : |
$49,500 |
Investment Type : |
Wholesale Property |
Investment Amount Needed: |
$49500.00 |
Equity offered to Equity Partner : |
0.00 |
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Estimated Cash on Cash Return for Investor : |
Members Only |
Contingency Expiration Date : |
Members Only |
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Process Complete to Date: |
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Members Only |
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Why is the Property being Sold?: |
Members Only |
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Personal Invesment Details |
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Will Seller Carry a Note : |
No |
Rate : |
Members Only |
Years Amortized : |
0.00 |
Amount : |
$0.00 |
Ballon Amount : |
$0.00 |
Prepayment Penalty : |
$0.00 |
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Familiarity with Property : |
Very Familiar |
Familiarity with Neighborhood : |
Very Familiar |
Time Inveting in Realestate : |
3 - 5 Years |
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Property Documents |
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Brochures / Flyer (0) |
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Market rent / Vacncy Information(0) |
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Demo Graphics (0) |
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Floor Plan / Site Plan (0) |
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