• Real Estate Deal of the Day October 05, 2019

    Real Estate Deal of the Day October 05, 2019

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

    MLS Deal Property

    2835 Bentley Avenue, Dallas, Texas 75211

    List Price: $120,000
    Bed/Bath/Pool/Stories: 3/1.0/0/1

    MLS Deal Finder Estimated Value:                          $203,140
    MLS Deal Finder Estimated Discount:                      $83,140
    MLS Deal Finder Estimated Discount%:                   40.93%

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    Real Estate Deal of the Day October 04, 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 two Deals a Day for Dallas, Fort Worth Metro is that 2835 Bentley Avenue Dallas, Texas. With a zip code of 75211. And currently, it's listing price is at $120,000 and it's estimated price or it's worth about $203,140 it's list price per square foot is $92 and 31 cents and it's estimated price per square foot is 156.26. This was listed September 25 and we're looking at three-bedroom property one bathroom and this was built on a year and 1925 with square feet of 1300. The MLS number for our deal for today is 14192196 and the listing agent name is Patrick heroes and this assist phone number. And looking to the remarks. It says here home is bigger than a tax role and its square footage is approximately 1300 square feet. 

    Home needs some tender loving care, but it's priced accordingly. This home is perfect for do it yourself or to seniors investor. So this will give you an impression today off what we have for this specific property. Now let's look into the comps and The possible profit that we can extract from it so she can see the listing price is $120,000 and it's worth about 203,941So we're looking at a very big gross discount which is a $83,000 and 140 which is Google into a discount percentage of 40.93% we're also looking at a very good rental index score of 1.4 which is converted to dollars into 1681 monthly. And let's look into the geographics into location for property. Okay. So the one in the star that's our subject comp. And our comparables are found nearby and numbers 123. Let's look into our subject property and deal with the day. So the one with a star. This is our deal today at Bentley Avenue and is nearby. Good. Now let's look into comps in the neighborhood. So we were able to find three. Best comps. Three best-sold comps. And if you look at the figures. Currently our deal today is priced for $92 and 31 cents per square foot. And the sold ones are average around hard 178.33 186.99 and 100.46 so if we get the average of three. This could be around 130-140. Which means, this would be a good possible deal at if you look into the recency here. And how many days were in the market. This was installed long. Look at two down further. Let's look at the list and remarks of the our comps and neighborhood. 

    So this kind of property. I don't think this would stay long. So it's better that we could make a swift action and decision if you'd like to pursue this property. And let's look into the photos. So here's her deal today2835 Bentley Avenue. Needs more work on the outside. The back. This will be good if you're into fixin flip or in wholesaling. And let's look at our Pictures with the other comps. Well done furnished. wooden floors. Wall paint. Sinks pretty neat bathroom. All right. Floors nice painting furniture. Windows. Good. Alright, so going back with investment summary, we're looking at a very good discount percentage of $40 I mean 40.93%. Which is around $83,140 so don't forget to always do. I mean, do your due diligence when we're making any action and this is our Deal for Day you take care and happy deal finding, everyone. Bye-bye.

    If you want to learn how to analyze deals just like us. Make sure you check out this webinar on how to run comps. The link is below. We'll also introduce to you this new tool called Fast CMA which is a high-end professional comps tool that allows you to pull comps and analyze comps just like the experts. Make sure you check it out.

     

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