Location: Euless, TX
List Price: $49,000
MLS Deal Finder Estimated Market Value: $101K
MLS Deal Finder Estimated Profit: $52K
MLS Deal Finder Estimated Rent: $1,147
Priced at $51/SQFT, this house is listed at LESS THAN HALF the value as the comparables in the same subdivision, which average at $107/SQFT. Based on the property conditions shown in the pictures, this is a fixer upper, and we anticipate quite a bit of work will be needed to extract the potential $52,000 in profit.
By the way, this is a very hot area, where inventory moves extremely fast – the comps were all sold within 2 weeks. Therefore, it is safe to expect this property will turn over in a short amount of time.
Location: Mesquite, TX
List Price: $41K
MLS Deal Finder Estimated Market Value: $118K
MLS Deal Finder Estimated Profit: $77K
MLS Deal Finder Estimated Rent: $995
This amazing opportunity was just listed on the market. All 4 comps we found for this fixer upper are in the same subdivision, so there is a high fidelity in the estimated market value. We notice that there are two groups of sold comps in this neighborhood, and depending on how much upgrades is put in the property, this opportunity can be valued at two different price points. If a moderately upgraded property, the price/sqft is in the $75 range, much higher than the listed price/sqft of $30; if you rehab the entire property, similar comps go as high as $99/sqft.
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