• Real Estate Deal of the Day August 19, 2019

    Real Estate Deal of the Day August 19, 2019

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    Update: This property just sold since the recording was made.

    MLS Deal Property

    2323 Fairgreen Drive, Missouri City, Texas 77489

    List Price: $120,000
    Bed/Bath/Pool/Stories: 4/2.0/0/1

    MLS Deal Finder Estimated Value:                          $182,338
    MLS Deal Finder Estimated Discount:                      $62,338
    MLS Deal Finder Estimated Discount%:                   34.19%

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    Real Estate Deal of the Day August 19, 2019

    [Video Transcription]

    This is Real Estate IQ’s Deal of the Day. And today we have found a fabulous deal for you, in the Houston market.

    Happy Monday. Everyone, today's Houston deal of the day is 2323 Fairgreen drive in Missouri city which is southeast of the downtown area 77489. MLS NUMBER IS 10001291. And the agent is Becky Martinez. If you decide you like to go see this house and take a look. The list price is just about 120 capping at about 182. And with the rental index of 1.2 and a monthly lease of 1457 so it's a four-bedroom, two-bath, two-car garage one story built in 1975 and 1718 square feet. Other realtors’ remarks, a nice curb appeal large backyard needs TLC price adjusted for repairs investors special no previous flooding. And that was true of all the ones I've looked at in this neighborhood. All for an appointment. So, the pictures of this House do not show anything on the inside. So, you definitely need to get ahold of the agent and take a look and just see exactly what that means that it needs TLC. So, if we look on the map. We can see there's kind of a by you going here. And a lot of those properties are actually on the by you. Thompson one and six are not so that's something that you want to pay attention to because perhaps these might have gone a little bit higher because of just having water in their backyard. Even though none of them said they flooded.

    So, let's take a look. Our comp one's all-around 100 per square foot one of 390-910-9127 and this one was only 90 and looking at the remarks, they all say that they've been updated and they all say that they have non flooded. So that means they're probably pretty good comps. I'm looking at the square footage of them. Ours was 1718, do 1729, 1622, and 2054. Days on market: Another thing you want to consider this one 130 days on the market sold 171 to get days ago after 30 days on the market. This one sold after 17 days on the market 19 days ago this was the market for 20 days. 14 days and only four days, and that sold a month ago. So, it looks like this neighborhood is going pretty quickly. So that's good news. If you're trying to flip it. And of course, it would all depend on exactly how much you needed to spend on repairs, but this could be a potential flip and maybe even a buy and hold. So as always, make sure you do your own due diligence. Thanks for tuning in and happy investing.

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