Over 40% ROI Including Furnishing!
- Was Previously Multifamily (Potential to be converted back)
- Vacation Rentals Allowed – VIEW HOA RULES & BYLAWS
- 3 Min Walk to the Water & Boat Ramps
- Large Patio and Balcony
- Ample Parking
- Off-Market
Condition:
- Needs Paint Throughout and Some Drywall Spot-Finishing
- HVAC Units are working per owner
- Needs a Good cleaning
- Bathrooms are in Great Shape
- Kitchen is in Great Shape
Estimated Air BNB/ Short Term Rental Rate (Annual): $61,200 to $82,800 (Rabbu)
Estimated Air BNB/ Short Term Rental Rate (Monthly): $5,100 to $6,900 (Rabbu)
Estimated Padsplit (Room Rental) Rate (Annual): $52,800 to $60,000 (Pad Split)
Estimated Padsplit (Room Rental) Rate (Monthly): $4,400 to $5,000) (Pad Split)
Estimated Renovation Cost: $5k to $15k
PITI: $3,133 /Mo
Mortgage Balance: $363,473.04
Maturity: Feb 2054
Entry Fee Includes: Any Arrears, Cash to Seller and Wholesale Fee
NOTE: The price listed in the entry fee is not the entire purchase price. There is still a mortgage in place (balance listed above).
Deposit: $7,500 (This goes towards the entry fee when you close)
_______________________________________________________________________________________________________
PROPERTY IS BEING SOLD AS-IS, WHERE IS, AND BUYER IS TO PAY ALL CLOSING COSTS. NO REPRESENTATIONS WRITTEN OR ORAL ARE MADE CONCERNING THE PROPERTIES ABOVE. PRICE BASED ON AND REQUIRES A CASH OR PRIVATE/ HARD MONEY OFFER AND IS NET TO SELLER. NO CONVENTIONAL, FHA OR DSCR FINANCING IS ACCEPTED UNLESS OTHERWISE INDICATED. ALL OFFERS ON PROPERTIES REQUIRE A $7,500 OR HIGHER, NON-REFUNDABLE EARNEST DEPOSIT AND HAVE AN AVERAGE 7 DAY CLOSE OF ESCROW. BUYERS TO DO THEIR OWN INDEPENDENT DUE DILIGENCE. CAVALRY CAPITAL, LLC, WHOLESALE PROPERTIES HOUSTON AND/ OR THE ASSOCIATED MEMBERS OR EMPLOYEES MAKE NO GUARANTEES CONCERNING PROPERTY CONDITION, VALUE, CHARACTERISTICS OR FINANCIAL BENEFITS. NOT AN APPRAISAL. OFFERED BY DOUBLE-CLOSE OR ASSIGNMENT OF CONTRACT. BUYER MUST COMPLETE ALL DUE DILIGENCE BEFORE SUBMITTING AN OFFER AND EXECUTING ANY CONTRACT. DUE TO THE NATURE OF OUR BUSINESS TERMINATION OPTIONS / OPTION PERIODS CANNOT BE ACCEPTED. WE MAY NOT HAVE TITLE TO THE PROPERTY AND MAY PLAN TO HAVE TITLE AT A FUTURE DATE. IF WE DO NOT HAVE TITLE, WE ARE MARKETING OUR EQUITABLE INTEREST IN THE PROPERTY. THE EQUITABLE INTEREST IS AN EXECUTED PURCHASE AGREEMENT TO PURCHASE THE PROPERTY. CAVALRY CAPITAL, LLC, WHOLESALE PROPERTIES HOUSTON AND/ OR THE ASSOCIATED MEMBERS OR EMPLOYEES DO NOT REPRESENT YOU OR ANY OTHER PARTY IN ANY POTENTIAL TRANSACTION. EQUAL OPPORTUNITY HOUSING. ONE OR MORE MEMBERS OR EMPLOYEES OF CAVALRY CAPITAL, LLC AND/ OR WHOLESALE PROPERTIES HOUSTON ARE LICENSED REAL ESTATE AGENTS IN THE STATE OF TEXAS.