1112 Seider Ln
Grand Prairie, TX 75052
List Price
$370,000
Initial Investment
$104,401$
about the purchase process.
Features
Occupancy
Occupied
Lease Start
11/05/2021
Lease End
11/04/2022
Lot Size
7,200
HOA
$30/mo
Flood Risk
Not Required
- Attractive and steady five year current market appreciation
- Located in a highly raked neighborhood
- Near schools
- Seller is working on repairing the below items from inspection report making this an ideal property for a new or seasoned investor:
(1) Exterior Walls: Set cracks observed in the brick and mortar at multiple locations which can allow for water intrusion. Recommend evaluation and repairs by a qualified professional. (Health)
(2) Structural: Set cracks observed in the brick and mortar at multiple locations including exposed post tension cable ends at the foundation walls. Corner cracks were found at the foundation slab. Client also noted the living room had a leak coming from the back side of the house’s foundation to the inside. Recommend evaluation and any necessary repairs by a qualified foundation contractor. (Safety)
(3) Bathrooms: The primary bathroom toilet had a slow drain indicating a possible clog. Recommend evaluation and repairs by a qualified plumber. (Health)
(4) Reinspection Electrical: Per inspector, electrical panel access was blocked off by storage. Recommend reinspection once access is available. (Reinspection needed)
See more in Analysis
Annual Financial Highlights
Expected Rent
$27,303Expenses
-$7,123Property Taxes
-$9,000Loan Payments
-$20,115Net Cash Flow
-$8,936See more in Financials
Property Characteristics
Roofstock Exclusive
Listed directly by the seller, Exclusive properties are only available through Roofstock.
- These properties' Diligence Documents include one or more of these documents: inspection report, title search, rent history if occupied.
- If the home is non-certified and the posted inspection is more than 3 months old, an inspection contingency will apply.
- The seller will be represented by a Roofstock-affiliated broker and Roofstock will walk the buyer through the transaction.
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