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Property 1
This would be a great buy/fix/rent or sell located in the Oak Forest
Subdivision near W. 43rd St and HWY 290 of Northwest Houston.
1010 sq.ft., 7,300 sq.ft. lot, 3 bed, 1 bath, Single Family Home.
After Repair Value = $119,000
Investors Cost = $74,000
Rehab Estimate = $18,000
Gross Margin after Rehab (CASH) = $25,848
Gross Margin after Financing = $18,471
Property 2
This would be a great buy/fix/rent or sell. You could rent this out
and almost break even and hold on for appreciation since it is located
near the Heights area of Houston. The area is called Brooksmith and
the property is located in the Sapp Gardens Subdivision near Airline Dr
and W. Cavalcade St of Central Houston.
1000 sq.ft., 5200 sq.ft. lot, 3 bed, 2 bath, Single Family Home.
After Repair Value = $150,000
Investors Cost = $90,900
Rehab Estimate = $20,000
Gross Margin after Rehab (CASH) = $39,100
Gross Margin after Financing = $30,256
Property 3
This would be a great buy/fix/rent located in the Mayfair Park
Subdivision of SW Houston near S. Post Oak and South Beltway 8. Rents
= $850 p/month. This home is a nice size for a rental and a bread and
butter home!
1160 sq.ft., 6100 sq.ft. lot, 3 bed, 2 bath, Single Family Brick Home.
After Repair Value = $93,500
Investors Cost = $53,000
Rehab Estimate = $15,000
Gross Margin after Rehab (CASH) = $24,516
Gross Margin after Financing = $18,396
Property 4
This would be a great buy/fix/sell with a lot of potential in the heart
of the Woodland Heights area located in central Houston. The home has
been very well cared for and really just needs updates with nice
accents expected in a $350k home!
1800 sq.ft., 5000 sq.ft. lot, 3 bed, 2 bath, Single Family Home.
After Repair Value = $350,000
Investors Cost = $239,900
Rehab Estimate = $30,000
Gross Margin after Rehab (CASH) = $77,783
Gross Margin after Financing = $59,029
Property 5
This is a GREAT opportunity for a buy/fix/rent and hold for major
appreciation. This house is a duplex located in central Houston in the
Baker NSBB neighborhood which is in the middle of a major comeback.
The house is located near Houston Ave and Winter St just minutes from
downtown. Hold this one for five years and then build Patio Homes on
the 5,000 sq.ft. lot. There is already new construction in this
neighborhood and you are purchasing this for lot value!
1700 sq.ft., 5000 sq.ft. lot, 4 bed, 2 bath, Duplex Multi-Family Home.
After Repair Value = $180,000 (Appraised at $208k)
Investors Cost = $100,000
Rehab Estimate = $35,000
Gross Margin after Rehab (CASH) = $43,508
Gross Margin after Financing = $33,127
Please call Marcus ANYTIME if you are interested in any of these great
investment properties! 713-252-0833
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5 Houston Wholesale Properties - As of 06/28/06
