• Real Estate Deal of the Day November 25, 2019

    Real Estate Deal of the Day November 25, 2019

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

    MLS Deal Property

    5929 Westgate Drive, Fort Worth, Texas 76179

    List Price: $239,900
    Bed/Bath/Pool/Stories: 4/2.1/0/2

    MLS Deal Finder Estimated Value:                            $343,378
    MLS Deal Finder Estimated Discount:                      $103,478
    MLS Deal Finder Estimated Discount%:                   30.14%

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    Real Estate Deal of the Day November 25, 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.

    Welcome everyone to Real Estate IQ's Deal! Today for Dallas, Fort Worth Metro, our Deal of the Day would be at 5929 Westgate Drive, Fort Worth, Texas 76179. Using our system, let's look at the full details of the property. So its current offer or listing price in the market right now is $239,900, it worths $343,378. Its listing price per square foot is, 73.86, it’s worth $105.72.

    We're looking at four beds, two and a half bath residential property built in the year 2004. It has a square feet of 3284. If we will look at the financial aspect of the property, we are looking at 30.14%. If you convert that into dollars, we're looking at a gross discount of $103,004.78.

    According to this details page, there are nearby schools and subdivisions around. The MLS number for our Deal today is 14179905 and its agent’s name and phone number. Let's give a few seconds for us to look and read the public remarks of the listing agents. Alright, now let's look at our comps using our systems. We have eight active sold comps and at least one or there are non-active. Let's look at the map here. So we're using recency or property sold the last 90 days in the market. That means, we're looking at the current sold comps using a half a mile radius search. So we can say that we are very, very close. 

    Let's take a peek on our map here and check the subject comp. Here it is, caught up a road, neighborhood, and puffiness of the boulevard.

    See what investment summary is, we're looking at a very big potential that we can extract from this property. We're looking at 1.22 rental index core. It's a good investment if you plan to rent it out. Majority of investors or realtors accredited having a rental index score of one, it could be a good cash flow. So 1.22 is a very decent or good enough score. Let's look at the comps that we have here

    In the system of Real Estate IQ, what are the benefits of our subscribers from our system? We have an Algorithm System to find the best comps in the market. If we're small, it was sold five days ago, numbers two and three were sold 50 days ago on the seventh race. They were born two months ago before they send it to the market. It shows here that, it can be sold in about a month before it can be sold in the market. 

    This one here is about a month, 13, and three. The details have side by side comparison like we're comparing apples. So the list price per square foot is $73.86. For comp number 1, we have $102.60, comp number 2 is $117.53, comp 3 is $103.84, and comp 4 is $98.92. Let’s look into the sold price on the sold comps. We are looking at very good potential here. So I’ll give you guys time to look into the table and the list of remarks as well.

    Let’s check the pictures of the property here. That’s a fireplace, the walls that are in good shape, the overview of the kitchen, and the bathroom. Now, let's look at the two pictures of the other comps. This one has a pool, wooden floors, the kitchen.

    Let's check the last one here. The closets look very good and also the neighbourhood. So once again, here's your Deal for today for Dallas Forward Metro. We're looking at a very good discount percentage of 30.14% or the gross discount of $103.478. Don't forget to always do your diligence in deal-finding. Have a great weekend, everyone! Thank you for tuning in! Take care.

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