***3409 Vine Ridge, Bedford Tx 76021, Tarrant County***
Arv-$200,000
Estimated Market Rent- $1600+
Estimated Repairs- NONE
Current Mo to Mo rent- $1175.00
Price- $145,000
3BR/2 Full Bath, 1574 SF, LOT- 8677 SF, Slab, 1980 Build Yr
Foundation has some settling but had a foundation guy come out and NO WORK is needed. Roof is NEW.
This would be an instant cash flow. The property currently holds renters that are wanting to stay. They are currently on a month to month lease. They have been good on payments and have been at the property for 2+ years. Currently renting for 1175 a month.
Another option on this one is to go in and do a light rehab ( paint, flooring, carpet, tile) and raise the rent. I feel the rental comps in the area allows the rent to be close to 1600 a month. There is nothing special with the house next door and its renting for $1850 a month!! I think with a light cosmetic rehab, you could get top dollar on the rent.
If you wanted to look at the rehab and flip side, the sold comps in this neighborhood are AMAZING! A lot of the sold comps are 10k over list, and the DOM are 1-10 days on average. I think if the rehab was done right and around 25k all cosmetic, this would work as a flip.
Noteworthy Comps-
3416 Pin Oak- Updated- Listed for 179,900 - SOLD for 190,000 7 DOM!!!
3620 Windsong Ln- All original- Listed for 189,900 SOLD for 191,000 4 DOM!
2217 Sequoai Ln- Updated- Listed for 184,900- SOLD for 195,000- 1 DOM!
3205 Vintage Way- Some Updates- Listed for 204,900 SOLD for 220,000 9 DOM!
Depending on the interest, I might host a showing. If not, contact me and i will let you know how to go see it.
Contact me if interested- ****I can send you the packet with the comps and pictures.****
Kelly Kovar, kkovardfd@gmail.com
214-632-0372, call or text me.
