***SOLD*** Solid Desoto Rental Opportunity

Solid Rental Property in Desoto

Assignment of Contract offered by a wholesaler for the property located at 321 Mantlebrook Dr, Desoto, TX 75115

It is rare you find a home built in the mid 70’s in the DFW metroplex that doesn’t need foundation work, and has never had foundation work.  This is one of the few.  This house has been meticulously cared for, and just needs cosmetic updates.  Our internal rental repair numbers are $15,000; but we are marking it up to $12/foot to account for a General Contractor.  We will be recording a video and taking pictures on Thursday, October 18.  Please email deals@2020rei.com or Call/Text (214) 922-1970 to find out the time.  You can meet us there.

Six-month financing available with months with 15% down for non-owner occupants subject to borrower approval.

Estimated Rent:  $1,750
Estimated Value: $250,000 ($105/ft)
Estimated Rehab: $15,000 (rental) or $30,000 retail
Asking Price:  $170,000 OBO

RealAVM™: $224,706

RealAVM™ Range: $199,988 – $249,424

Tax Rolls RealistReport_321_Mantlebrook_Dr

Lease CMA Lease_Quick CMA7792

Sale CMA Quick_CMA7356

Financials

  • After Repaired Value: $250,000 
  • Estimated Rehab: $30,000 
  • Price: $170,000 
  • Terms: Cash, Hard Money, or Bank Financing 
  • Estimated Rent: $1,750 

Property

  • Address: 321 Mantlebrook Dr, DeSoto, TX 75115, USA 
  • Bedrooms:
  • Bathrooms:
  • Garage:
  • SqFt: 2,395 
  • Subdivision: Meadowbrook Estates 
  • Area: Hampton and Wintergreen 

Contact Information

  • Phone Number: (214) 922-1970 
  • Contact Name: Adam Trujillo 
  • Contact User Name: info@2020rei.com 
  • Date Listed: 10/15/2018 

Lease Terms

N/A

School

TBD

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