Loan amount
$257,500
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$324,000 {PP:$324,000}
LTV
79% {LTV}
Property type
Townhome
Borrower Details
Credit score
685
Deal experience
15 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Houston
State
Texas
Loan Details
Purchase price
$324,000
Down payment
$66,500
Additional Loan Information

--PROPERTY ADDRESS:
1115 Augusta Dr. Unit #38
Houston TX 77057

--PROPERTY DETAILS:
*Bed: 3
*Bath: 2 Full Baths -&- 1 (1/2) Baths
*Livable: 1,580sqft.
*Attached Garage:2 Car
*Built: 1977

--PROPERTY DESCRIPTION:
This Townhome is Conveniently Located in the Fabulous Galleria Area!!! This Well-Established Neighborhood is Centrally located to all the amenities Houston has to offer. Just minutes away from the extraordinary shopping and dining choices that surround Post Oak Blvd. Memorial Park Trail, YMCA, HEB, Krogers, Trader Joe's and inner loop 610 are within walking distance or just a moment by car and you have arrived. This 2-story townhouse has been transformed with a complete and total renovation that has covered every inch of the property. Including all new pex plumbing, upgraded and updated electrical, brand new bathrooms, a brand new kitchen that offers open shelving high end black stainless appliances, and everything else that comes with a renovation that takes a homer down to studs. This unit is like new but having the luxury of being in an established neighborhood. It's one of the few Units in the complex that has 3 bedrooms, plus it's on a corner lot, with a private 2-car garage and new roof.

--Zillow Listing: (MLS Listing)
https://www.zillow.com/homedetails/1115-Augusta-Dr-APT-38-Houston-TX-77057/28244663_zpid/

--Type of Loan:
Purchase (Hold as a Rental)

--Loan Programs:
-DSCR (Short or Long Term Rental)
-Asset Depletion Program ($998,000. Cadence Bank)

--PURCHASE PRICE:
$325,000

--CLOSING DATE:
ASAP

--HOA MONTHLY:
$365

--ANNUAL INSURANCE:
$615.

--ANNUAL PROPERTY TAX:
$4,078.

--Borrowers Credit Score:
683

--Real Estate Experience:
5+ (Last 24 Months)

--Available Upon Request:
-1115 Augusta #38 - Analysis AirDNA MarketMinder Report

===========================================================

LOOK WIDER - THINK FURTHER
Bernard Theriot
Bernard Theriot
713-551-3714
cashcowhouse@gmail.com

===========================================================

Disclaimer: The information contained in this communication from the sender is confidential. It is intended solely for use by the recipient and others authorized to receive it. If you are not the recipient, you are hereby notified that any disclosure, copying, distribution or taking action in relation to the contents of this information is strictly prohibited and may be unlawful.
* CONFIDENTIAL * CONFIDENTIAL * CONFIDENTIAL * CONFIDENTIAL*
Status
Created
November 4, 2022 - 7:56am

Hard Money Lenders Now Offering Real Estate Investor Loans in Texas Houston | San Antonio | Dallas | Austin | Fort Worth | El Paso Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans