Great Investment 1st Time Buyer or Rental Property Under Market

Property Address 8439 Garland Houston TX 77017 Price 70500 cash Condition Needs repairs. Approximate repair cost 20000 Closing cost estimate 4300 Total 94800 Description 4 beds 2 baths Duplex 1 608 sf Lot size 7780 sf. Median rent in area 750 Average rent 790 Income per year 9000 Taxes per year 970 Approximate annual insurance 250 Approximate total annual expenses 1020 Net yearly income 6760 Return On Investment 7.1% Nearby homes selling prices 5410 Meadow Creek Ln. 4 bed 2 bath 1831 sf. - 144000 5658 Turtle Creek Rd. 4 bed 2 bath 2008 sf. - 129000 8412 Colgate St. 4 bed 2 bath 2422 sf. - 190000 Evaluation as of Zillow.com 112543 Net profit after sale 42043 Good Faith Estimate After repair value should appraise between 100000 - 115000.

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