• Real Estate Deal of the Day – March 16, 2020

    Real Estate Deal of the Day March 16, 2020

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

    MLS Deal Property

    7715 Belgard Street, Houston, Texas 77033

    List Price: $95,000
    Bed/Bath/Pool/Stories: 4/1.0/0/1

    MLS Deal Finder Estimated Value:                            $155,543
    MLS Deal Finder Estimated Discount:                      $60,543
    MLS Deal Finder Estimated Discount%:                   38.92%

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    Real Estate Deal of the Day March 13, 2020

    [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.

    Hello, everyone! Welcome again to our Houston Metro's Deal of the Day. And today, we're looking at this property at 7715 Belgard street, Houston, TX, 77033.

    Looking at the details of our property, it's currently listed for $95,000, with an estimated price of $155,543, list price per square foot at $58.93, and an estimated price per square foot at $96.49. So we're looking at a one-story property with four beds, one full bath built in 1955 with a total square feet of 1612.

    Our neighborhood, subdivision, and schools at Edgewood 6. Alcott Elementary School, Attucks Middle School, and Sterling High School. Of course, you have your MLS information: your listing number as well as your listing agent's name and phone number. And as for the public remark, which is personally noted by the listing agent, Evan himself. “Four bedroom home. Currently under lease at $750 through 9/30/20. Needs repairs foundation. Sold as is.”

    Now let's take a look at our subject property here. The exterior part needs some little touches. On the inside, that's where your kitchen area, white kitchen cabinets still need to be repaired, as well as this one bedroom, needs some fixing, repainting the walls and the flooring.

    So taking a look at the best sold comp. Here is the first one: Hardwood laminated, flooring, kitchen wooden cabinets, bedrooms, and wash area.

    Looking at the characteristics of our two sold comps. The first one is at 6011 Westover Street, $81.61, 0.34 miles from our subject property, and 179 recency days. The second sold comp is at 5935 Bellfort street with $111.37 price per square foot, 0.14 miles from our subject property, and 173 recency days.

    When you scroll down, you'll be able to see the second sold comp is at 5935 Bellfort street with $111.37 price per square foot, 0.14 miles from our subject property, and 173 recency days. When you scroll down, you'll be able to see the public remarks of our sold comps highlighted in blue and of course, MLS listing agent's names, phone number, and showing instructions.

    Looking at the map view, where the yellow star is, that is where our subject property is currently situated. So just like how Google Map works, you can zoom in, drag and drop the google man. For you to have a closer view of this property.

    Looking at the basic details with our subject property, it's currently listed for $95,000 and today's worth in the market is already at $155,543. That is based on the selected sold comps, so it gives us a 38.92% IQ discount percentage with an IQ gross discount of $60,543. We can say that our property here is best for flipping or wholesaling. Also, looking at the rental index score at 1.59, so our median would be 0.80 at now having a rental index for 1.59. You also have a suggested monthly lease of $1,560. We could also say that our subject property is also good for buy and hold have it for lease.

    So that's it for our Deal of the Day. And as always, thank you for tuning in. Happy Deal Finding, everyone!

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