This home is being offered as an assignment of contract. This home has a solid structure. It is important to note that this home backs up to a creek, and has a large lot that is nearly half an acre (.48). The only other comp I could find in the immediate area that backed up to the creek was 8930 Shorelark Drive (MLS# 14136769). It was only 1,252 SqFt and sold for $190,000 on 09/06/2019. I feel like this property is best used for a fix and flip, but the numbers for rental use make a lot of sense too. I think you could actually do better than a 12% gross yield on this one.
1727 Greendale Dr
Dallas, TX 75217
Estimated Value: $190,000 – $200,000
Estimated Rehab: $20,000 – $30,000
Estimated Rent: $1,500
Here is the video walk through: