• Real Estate Deal of the Day May 15, 2019

    Real Estate Deal of the Day May 15, 2019

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

    MLS Deal Property

    1814 Alta Vista St, Mesquite, Tx 75149

    List Price: $69,000
    Bed/Bath/Pool/Stories: 3/1.0/0/1

    MLS Deal Finder Estimated Value:                          $154,241
    MLS Deal Finder Estimated Discount:                      $85,240
    MLS Deal Finder Estimated Discount%:                   55.26%

    *Based on the following CMA Criteria: 

    ARV- Subdivision

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    Real Estate Deal of the Day May 15, 2019

    [Video Transcription]

    This is Real Estate IQ’s Deal of the Day. And today we have found an awesome deal for you, in the DFW market.

    Hello everyone, today is DFW deal of the day and our subject property for today is at 1814 Alta Vista Street, Mesquite 75149. Since the listing agent doesn't have photos for the subject property, we can go to the map so that we can check even the exterior of the property.

    So this is our subject property and its neighborhood. Looking at the details of this property. It's listed at 69,000 and worth about 154,240. It has a list price per square foot of $57.31 And based on the comps in the area, its estimated price per square foot is $128.11. This one story property has 3 bedrooms, one bathroom, a garage and it was built in 1959 with 1204 square feet.

    The system selected 4 sold comps in the area. So the 4 comps have a good price per square foot, the distance, the recency, as well as the subdivision. So all the 4 comps are on the same subdivision. So let's check on the photos of the comps. This is our first comp. As per the listing agent's remarks, it's already renovated.

    So we got hardwood floor, cabinets. So that's for the first comp. Moving on to the second comp. These are the photos of our second comp. Got the stainless appliances there, hardwood floor as well in the room. And as per the listing agent's remarks, the kitchen has granite countertops. Moving on to the 3rd comp, oh, that's a stunning large kitchen over there. We also have stainless appliances that's for the third comp. And our last comp, these are the photos. Well, it's also renovated, as per the listing agent. Well, we also have a large backyard which will be good for family and friend gatherings.

    So those are the photos of comps, and based on the selected comps, gives us an ARV of 154,241, which gives us a discount as well of 55.26% That's $85,240. We're also getting a good rental index, 2.05 or an estimated monthly lease of $1,411. So this property is good for a fix and flip. You might be interested in doing some renovations. As well as a good buy and hold opportunity since we're getting a great rental index.

    So that ends the deal of the day video for today and happy deals finding everyone.

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