Project Description

Asking Price


Howard Dr. Midland, TX

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Howard Dr. Midland, TX 79703

Asking Price: $62,000

Property Description

New Investment deal in Midland!

3 bed 1 bath, 960 sqft. home located Permian Estates!

Plenty of room to add a second bath! Could be a 4/2

Original Hardwood flooring and a spacious lot!

Includes a 282 sqft. insulated efficiency in the backyard!

The Numbers
Estimated After-Repair-Value (ARV) $175,000
Asking Price ($62,000)
Estimated Repairs ($55,000)
Gross Profit Potential $58,000
Rent Estimate $1,500
Estimated Cap Rate 12%
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Property Photos

Facts and Features
Type Single Family Residence Garage N/A
Year Built 1952 Roof Type Composition
Home Square Feet 1242 Foundation Type Peir And Beam
Lot Size 0.155 acres Exterior Material Siding
Bedrooms 3 Number of Levels 1
Bathrooms 1
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Comparable Homes – Sold Square Feet Sold Price Price Per SF Sold Date
505 Raymond Dr 1128 192,000 $170.25 2/10/20
3606 Cunningham 1176 175,000 $148.81 5/29/20
3402 Travis 1188 175,000 $147.31 6/19/20
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DISCLAIMER: House is being sold as-is, and buyer is to pay all closing costs. No representations written or oral are made concerning the property above. Price based on a cash or hard money offer and is net to seller, 7-10 day close of escrow is required. Buyers to do their own independent due diligence and take any necessary precautions to verify any and all material facts. Investidom and its members/representatives make no guarantees concerning property condition, value, characteristics or financial benefits. Investidom may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties (without any warranty or representation other than it is the buyer under the subject contract). Opinion of value is given as courtesy. Our opinion is just an opinion and seller makes no guarantees or warranties, express or implied, as to the value or condition of the home.