I’m happy to offer another wholesale property as an assignment of contract. This home in Duncanville would make a really good rental property and has potential as a flip. The structural and mechanical systems seem to be in good working condition. We believe the ARV is somewhere between $190,000 and $200,000. The monthly rents for this type of home in Duncanville average around $1,500 per month.
The home mainly needs cosmetic updating. The biggest “requirement” is to repair and repaint the exterior siding in order to prevent wood rot and insect issues. The rest could be a simple paint and carpet type rehab, depending on the buyer’s personal preferences. I think it would be difficult to spend it, but we set the budget at $15,000 to complete the repairs. If I close on it, I will not spend more than $10,000.
Here is a full slide show of the home:
Our asking price is $150,000 as is. Call Shelby at 214-441-6911 for more information.
Here is a picture gallery: