| marcus.siefert@realnetusa.com 2006-07-28, 1:25 pm |
| Property 1 - SW Houston, TX 77077
This is a great buy/fix/sell opportunity near the energy corridor. The
house is located near S. Kirkwood and Briar Forest Drive in the Country
Village Subdivision.
2500 sq.ft., 10000 sq.ft. lot, 4 bed, 2 bath, Single Family Brick Home.
After Repair Value = $259,900
Investors Cost = $160,000
Rehab Estimate = $40,000
Gross Margin after Rehab (CASH) = $58,054
Gross Margin after Financing = $43,738
Property 2 - Central Houston, TX 77098
This is a great buy/fix/sell opportunity near Hazard St and Richmond
Ave in central Houston. The general area is near Shepard and I-59 and
close to West university and Rice University. The rehab includes
converting the property into either a large 2 bed 2 bath or a 3 bed 2
bath.
1600 sq.ft., 6250 sq.ft. lot, 2 bed, 1 bath, Single Family Brick Home.
After Repair Value = $375,000
Investors Cost = $250,000
Rehab Estimate = $50,000
Gross Margin after Rehab (CASH) = $75,000
Gross Margin after Financing = $55,073
Property 3 - Central Houston / Sunset Heights of Houston, TX 77008
This is a great buy/fix/sell opportunity in Sunset Heights. The rehab
includes converting the property into a 2 bed 2 bath.
1250 sq.ft., 5000 sq.ft. lot, 2 bed, 1 bath, Single Family Home.
After Repair Value = $229,900
Investors Cost = $132,900
Rehab Estimate = $40,000
Gross Margin after Rehab (CASH) = $55,314
Gross Margin after Financing = $42,476
Property 4 - Central Houston adjacent to the Heights of Houston, TX
77008
This is a great buy/fix/sell opportunity in an area of the Heights near
Houston Ave and Main St. The rehab includes converting the property
into a 3 bed 2 bath or a large 2 bed 2 bath.
1500 sq.ft., 6100 sq.ft. lot, 3 bed, 1 bath, Single Family Home.
After Repair Value = $320,000
Investors Cost = $197,900
Rehab Estimate = $40,000
Gross Margin after Rehab (CASH) = $80,030
Gross Margin after Financing = $62,753
Please call Marcus ANYTIME if you are interested in any of these great
investment properties! 713-252-0833
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