• Real Estate Deal of the Day – March 25, 2020

    Real Estate Deal of the Day March 25, 2020

    Get more deals like this post: Sign up for our exclusive Daily Deal of the Day Publication so you can receive a notification as soon as a fresh deal is published.

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

    MLS Deal Property

    12409 Palmway Street, Houston, Texas 77034

    List Price: $80,000
    Bed/Bath/Pool/Stories: 3/1.0/0/1

    MLS Deal Finder Estimated Value:                            $131,050
    MLS Deal Finder Estimated Discount:                      $51,050
    MLS Deal Finder Estimated Discount%:                   38.95%

    Check out our event schedule

     
    Get this GEM before it’s gone!  
     

    Map View

    Photo View

    Real Estate Deal of the Day March 25, 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 another Houston Metro’s Deal of the Day! Today, we are looking at this property at 12409 Palmway Street, Houston, TX, 77304.

     

    Looking at the details of our property, it’s currently listed at $80,000, with an estimated price of $131,050, list price per square foot of $563.49, and estimated price per square foot of $104.01. It was listed just this month.

     

    We’re looking at a one-story property with 3 beds, 1 bathroom, 1 car garage, and was built 1958 with a total square feet of 1260.

     

    Looking at the neighborhood, subdivision, and schools at Genoa Elementary School, Bondy Intermediate School, and Memorial High School (Pasadenia).

     

    You have here the MLS Data: MLS number, listing agent’s name, phone number, and public remarks personally noted by the listing agent, Philip himself.

     

    Now, let’s take a look at our subject property. There is your one car garage, it was flooded before so it needs some renovation, and your toilet.

     

    Let’s take a look at the photos of our sold comps for our property. Here’s your first comp: tiled flooring, white kitchen cabinets, granite countertop, bedroom, laminated hardwood flooring. The other comp has: wooden kitchen cabinets, tiled flooring, bedroom, another laminated hardwood flooring. 

     

    So let’s now take a look at the details of our best sold comps. The first one is at 12017 Dumas Street with $98.50 price per square foot, 0.39 distance, and 160 recency days. The other comp is at 12202 Palmdate Street, $109.51 price per square foot, distance of 0.31, and 98 recency days. Both are 20 days in the market. You also have here your MLS information of your 2 best sold comps; the ones highlighted in blue.

     

    Alright! Let’s go now to our map view. The blue circles are your best selected sold comps, the gray ones are your other comps, and the yellow star is where your subject property is currently situated. You can just zoom it in and drag and drop your google man for you to have a closer look.

     

    Looking at the investment summary, asking or offer price of $80,000, with an estimated price of $131,051 gets you an IQ discount percentage of 38.95% and 1.6 rental index score. We can say that our property is good for flipping or wholesaling, as well as, buy and hold gives you a suggested monthly lease of $1,276, from the IQ discount percentage also gives you a gross discount of $51,050 for renovation and some minor touches.

     

    So that’s it for our Deal of the Day. And as always, thank you for tuning in! Stay safe and 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.

    DISCLAIMER: INVEST AT YOUR OWN RISK. DEAL FINDER LLC DISCLAIMS ALL RESPONSIBILITY FOR ANY LOSS, INJURY, CLAIM, LIABILITY, OR DAMAGE OF ANY KIND RESULTING FROM THIS BLOG SITE; DEAL FINDER LLC SHALL NOT BE LIABLE FOR ANY SPECIAL, DIRECT, INDIRECT, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER (INCLUDING, WITHOUT LIMITATION, ATTORNEYS’ FEES) IN ANY WAY.

    Are you ready to analyze your own deals?

    Our Deal Analysis Suite offers you the tools you need to analyze deals with confidence:

    [Learn more]

    Receive Real Time Notifications as soon as deals hit the market!

     


ERROR: 8 - CURL error: Could not resolve: harchetan.infusionsoft.com (Domain name not found)