• Real Estate Deal of the Day – March 19, 2020

    Real Estate Deal of the Day March 19, 2020

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

    MLS Deal Property

    7014 Avenue Q 1/2, Galveston, Texas 77551

    List Price: $78,888
    Bed/Bath/Pool/Stories: 3/1.0/0/1

    MLS Deal Finder Estimated Value:                            $167,819
    MLS Deal Finder Estimated Discount:                      $88,931
    MLS Deal Finder Estimated Discount%:                   52.99%

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    Map View

    Photo View

    Real Estate Deal of the Day March 19, 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 7014 Avenue Q 1/2 Galveston, Texas, 77551.

    So looking at the list price or the details of this property. It's currently listed at $78,888 with an estimated price of $167,819, the list price per square foot at $64.61, an estimated price per square foot at $137.44.

    Looking at the basic or the physical characteristics of our property, we're currently looking at a one-story with three beds, one full bath built in 1960 with a total square feet of 1221. You have your subdivision and schools at Jones Garden Homes, GISD Open Enroll, and Ball High School. You have here your MLS information, listing agent's name, phone number, and public remark.

    Let's now take a look at our subject property. It does need some renovation outside and inside. 

    Now let's go back to the list view. We have 2 sold comps. The first one is at 6902 Avenue P, $177.48 price per square foot, 0.21 miles from subject property, and 125 recency days. The second one is at 6701 Farway Drive with $157.41 price per sqaure foot, 0.40 miles, and with 100 recency days.

    Let's go back to our photo view. If you can see that are subject property here by the way has five sold comps. We have just selected two best sold comps for us to get a more good deal. So here are the photos of your first sold comp. Tiled flooring, kitchen cabinets, your toilet, and bath. Here is your second sold comp. Laminated hardwood flooring, wooden kitchen cabinets, and granite countertop.

    So going back to the list view again. Let's go check the discount percentage and the rental index score, as mentioned by the listing agent. It's also great for Airbnb rental deals. Having a 2.14 rental index score, which is the median for our rental index score. Suggested monthly lease price is at $1,687 from your asking price of $78,888 and, of course, the discount percentage of 52.99%.

    We could also say that our subject property here is best for flipping or wholesaling. Having an estimated price of $167,819 gives you an IQ discount percentage of $88,931. You can also look at the map view. Where the yellow stars are is where your subject property is. The blue circles are your selected sold comps. We can zoom, drag, and drop your google man.

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

    So if you want to learn more about what a good real estate deal looks like, make sure you come to our monthly training. Every month we are throwing several events in each metropolitan area near you. Make sure you follow the link below to register. Basically what we do at the event is that you know, we will show you how to analyze deals and how to find deals and most importantly what's really cool is that we use the system to find a good real estate investment deals that you can bring home and do more homework on. And so make sure you come to these deal finding training. It's gonna be a really good educational event for you. Also, there are all kinds of networking opportunity at the events as well. So we look forward to seeing you there.

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