***SOLD*** East Dallas Rental or Owner Finance Opportunity

Good Income Property

We have a cheap Dallas house on a short fuse.  The bottom line is this property has been a rental property for decades.  We believe its highest and best use is as a rental home or owner finance property.  The home is a 3/2/1 brick property.  It is on the better end of the street if you are familiar with the area.  It is not in Nantucket Village.  Here are the numbers:

Zestimate®: $139,542
Rent Zestimate®: $1,295 /mo
RealAVM™ (1): $124,067
RealAVM™ Range: $104,216 – $143,918

Estimated ARV: $165,000 (comps below)
Estimated rehab: $20,000 (light foundation, paint, flooring, updated counter tops, updated fixtures)
Estimated rent:  $1,350/month
Asking Price:  $100,000

We are touring the property on Wednesday to take video and get a GC bid.  Text us to find out when we’ll be there.

Comps, Tax Rolls, Etc:

Lease_Quick CMA8563

Multi_Map7430

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RealistReport_1823_Red_Cloud_Dr

Financials

  • After Repaired Value: $165,000 
  • Estimated Rehab: $20,000 
  • Price: $100,000 
  • Deposit: $5,000 
  • Terms: Cash, Hard money, or Bank financing 
  • Estimated Rent: $1,300 

Property

  • Address: 1823 Red Cloud Dr, Dallas, TX 75217, USA 
  • Bedrooms:
  • Bathrooms:
  • Garage:
  • SqFt: 1330 
  • Subdivision: St Augustine Park Estates 
  • Area: Lake June and Masters 
  • Year Built: 1973 

Contact Information

  • Phone Number: (214) 922-1970 
  • Contact Name: info@2020rei.com 
  • Contact User Name: Tim Herriage 
  • Date Listed: 12/3/2018 

Lease Terms

N/A

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