OFFMARKET, CASHFLOWING 4 Units in Pasadena Yours at $205k!✔ ONLY NEED $15k TOTAL AT CLOSING! 💲
Loan includes estimated $47k for your renovations to the property!
(contingent to ARV Appraisal)
HOW CAN WE OFFER THIS? A hard money loan is a asset-based loan which focuses on the future as-repaired value (ARV) structure the deal. We loan up to 70% of the ARV, which can include up to 100% of the purchase price, and up to 100% of the rehab budget. 0% down! Qualifying Investors will only bring closing costs to the closing, which is generally 4% – 6% of loan amount.
For this deal:
-Purchase price: $205k
-Rehab budget: $47k
-Loan amount: $252k
-Estimated ARV: $361k
Address: 217 Johnson St., Pasadena, Texas
EXCELLENT FOR VALUE ADD for INVESTORS! Great property with lots of opportunity for growth!
Conveniently located in a highly transited area with direct access to Pasadena High School and State Highway 225
Minutes away from Houston and Baytown
All spacious 2 bed 1 bath
Low cost of ops. Buyer could bill back tenants for water and increase bottom line
2 blocks away from Pasadena High School and 225 Hwy