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$168,000

802 N Spears St, Alvarado, TX, 76009

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,293 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129.93 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Range
FlooringLaminate

Building Information

Garage Spaces2

About this property

Here's the deal, this 3 bed, 2 bath home needs foundation and plumbing work, and it's now priced at $185,000 to reflect that. If you've got the know-how, or the crew, to handle the repairs, this one can make a strong rental. Based on recent local trends, area rents average around $1,950 a month. The good stuff is already here. You get a metal roof, no carpet, and room to park just about everything: a 2-car garage plus an extended driveway that fits at least six vehicles. A large gate opens to a very large backyard with a covered patio, a metal storage shed, and plenty of room to spread out. The location is a big plus. The home sits about 600 feet from Highway 67 and less than a mile from I-35W, so commuting and errands are quick. Bring your contractor, run your numbers, and come take a look.

Investor Tools

$0Estimated Mortgage Balance
$194,989Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,704 /month
Positive
Cash Flow Estimate:
$568 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$464/month
No HOA
5.947%

City: Alvarado

802 N Spears St | Property Details | No Agent List