• Real Estate Deal of the Day November 4, 2019

    Real Estate Deal of the Day November 4, 2019

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

    MLS Deal Property

    6213 Onyx Drive N, North Richland Hills, Texas 76180

    List Price: $157,000
    Bed/Bath/Pool/Stories: 3/3.0/0/1

    MLS Deal Finder Estimated Value:                          $206,861
    MLS Deal Finder Estimated Discount:                      $49,861
    MLS Deal Finder Estimated Discount%:                   24.10%

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    Real Estate Deal of the Day November 4, 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.

    Good morning everyone and welcome to real estate IQ deal today. So our deal today for Dallas, Fort Worth Metro would be at 6213 Onyx Drive N North Richland Hills and Texas with a zip code of 76180. 

    Look into the details of property its current listing price is $157,000 it's worth about 206,861. We're looking at a very good discount index score of 24% or a gross discount amount of 49,86. Its list price per square foot is $71 and 27 cents and its estimated price per square foot is $93 and 90 cents. 

    We're looking at a three-bedroom, three-bath, two garages, and one fireplace rental property built in the year 1974 with square feet of 2203. And using our software for this would show you also to nearby itself division one schools. And the MLS number for our deal today for description. It is 14211233 and the listing agent is Michelle long and this is her phone number and let's look into to listing remarks of the agent. 

    Okay, so we have accepted an offer, the status will change once it's executed a great quarter lot home. It's just nice to add your personal touches to make it an awesome home. It's good. We have two bedrooms and have dedicated bathrooms. It is a nice sized kitchen would double ovens and a private breakfast area and large show buyer to verify all information. So this is our impression for this property here. 

    Now let's look into the investment summary, and this is the gross discount amount. And let's look into two comps as well. So using our software we can easily zoom in and use the Google Map to find its location as well as looking into our nearby comps. As you can see, it's not far out from our subject property to one with a star. And let's take a good look at the outside of his property, and this is our subject property to the other part of the neighborhood. 

    Okay. Now let's look into the comparables here. So the one on the left, that's our subject property and underwrite. This is our comparables. And let's try to look into the breakdown, one by one. So we have square feet, I mean, the price per square foot is 71.27 cents per subject comp. And if you notice where their best comps here it's priced at $81.81, $105.47 for number two and $94 for number three which is pretty good. And if you look into the recency here. All comps show that this has been sold in less than two months. And shows your days into market..it's over a month, which would give us the impression that this is a really good deal. So it's really hot. So it's best that we look further into the details here. 

    Let's see. The listing price is $169,900, $199,999, and $169,900, so if we get the average here and such and track it from the listing price, this is how much. And let's check on the listing remarks. I'll give you time to read that. 

    Okay, now let's look into pictures of our subject comp. Let's see, look inside. Okay. This definitely need some cleaning. So some work here on the floors. It seems to me that someone left His place in a big mess. Our kitchen. Some trash here. I think we could use some light on this property here. And let's look about or subject properties. And your pictures. And the sold comps pictures. Okay, this is just for are comparable number one. Fireplace. Part of the kitchen. 

    Happy deal finding, everyone. And if you have any questions, feel free to reach us out here, real estate IQ and you guys take care. Have a nice day. Bye-bye.

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