• Real Estate Deal of the Day November 26, 2019

    Real Estate Deal of the Day November 26, 2019

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

    MLS Deal Property

    9207 Tay Drive, Helotes, Texas 78023

    List Price: $289,000
    Bed/Bath/Pool/Stories: 4/4.0/0/2

    MLS Deal Finder Estimated Value:                            $450,501
    MLS Deal Finder Estimated Discount:                      $161,501
    MLS Deal Finder Estimated Discount%:                   35.85%

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    Real Estate Deal of the Day November 26, 2019

    [Video Transcription]

    This is Real Estate IQ’s Deal of the Day. And today we found a fantastic deal for you in the Austin and San Antonio market.

    Hello everyone! Today is San Antonio Deal of the Day, and our subject property for today is at 9207 Day Drive, Lotus 78023. Looking at the details of this property, it’s currently listed at $289,000 coming from its original price, which was $289,900. Well, this property is worth about $450,501, and the list price per square foot of $80.10. But based on the comps in the area, Its estimated price per square foot is $124.86. So this two-story property has four bedrooms, four bathrooms, and was built in 2004 with 3600 square feet. Let's take a look at the photos, but before that, here are the numbers that we have, based on the comps. The one with the yellow star is our subject property. So basically, we have 13 sold comps around. Let's take a look real quick on our map. So this is a good tool, also that sect the neighborhood. The one with a yellow star is our subject property, and once again, it's neighborhood. Alright, you can even move with the use of the map. Now, let’s take a look at our comps.

    There's a bit of a gap between the price per square foot, very good distance within a half mile and recency. Actually, one of the reasons why the rest of the comps were not selected is because of the recency. The lower the recency, the better. Same goes with the third comp.

    So here are the photos of our subject property. It will give us an idea if it's already renovated or not. Alright, so currently, we're getting advantage for our subject property. Those are the only photos we have for our subject property. We can also check the photos of the comps selected. So here are the photos of the first comps selected. It will give us an idea for us to remodel the property, for it to be sold in no time. This room is good for gaming. Stainless steel appliances, with wood cabinets, and granite countertops as well. Playground for outdoor amenities. Those are the photos of our first selected comps. We can also check the photos of our second comp.

    We don't have photos for our third comp, but based on the comps selected, it gives us and after repair value or estimated price of $450,501, or coming from our list price, which was $289,000, we're getting a discount of $161,501 or that's 32 5.85%. We're also getting 0.99% rental index, or an estimated monthly lease of $2,862. We the comps that we have, this property could be good for fix and flip and buy and hold strategy, or you can also make some changes based on the photos that we’ve seen. That ends our Deal of the Day for today. Happy Deal Finding everyone!

    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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