3350 Grafton Ave, Dallas, TX 75211
Great opportunity in Grafton Ave, Dallas, TX.
This Dallas home consists of 4 beds, 2 bath, 1 car garage, 1,904 SqFt of living space on a 7,294 SqFt lot. Don’t miss out on this great opportunity!
Investment and Property Details
At Strandpark Properties, we believe in creating win-win opportunities. We invite our clients to sponsor rehab projects, which not only shares the financial success but also fosters a truly collaborative partnership. While we could fund these projects ourselves, we actively value the insights and involvement of our clients. This unique approach allows you to earn 35% profit from the sale of the property, in addition to your initial investment back, making it a lucrative opportunity for everyone involved.
Explore our current deals and join us in transforming properties into profitable ventures.
Purchase price:
$180,000
After Repair Value:
$370,000
Investment Duration:
42 Days
Return on Investment:
35% profit split
Rehab Cost
$47,000
Estimated Purchase Price:
345,000 to $360,000
Security
IMPORTANT NOTICE: Investment Security and Closing Guarantee
A Purchase Agreement has been signed with a committed End Buyer, providing an anticipated exit for the project.
In the event the End Buyer fails to close immediately following the property rehab completion, Strandpark Properties Limited is contractually obligated to pay the investor their full Return on Investment and Initial Investment on the exact date agreed upon by the investor and Strandpark Properties, as stipulated in the Joint Venture Contract Agreement. This serves as a principal guarantee and ensures the investor is paid on schedule regardless of the final sale timeline.
No Additional Capital Calls: The Operating Partner is solely responsible for any cost overruns, protecting the investor from being asked for further funds beyond the initial $47,000 commitment.
Information Rights: Weekly financial reporting requirements ensure complete transparency, allowing the investor to monitor the project’s financial health in real-time.
Lead Contractor
Jordan Smith
Rehab Cost Breakdown
- 1. Exterior Renovation ($5,000)
- Siding Repair & Paint: This includes scraping, sanding, and applying primer and two coats of a durable exterior paint.
- Cost: $3,000
- Landscaping & Cleanup: The front yard and driveway area need to be cleared of debris. Simple landscaping like trimming trees (especially the large one in the front), adding some new gravel, and cleaning up the walkway.
- Cost: $1,500
- Entryway & Porch: The porch needs deep cleaning and repair on the deck boards.
- Cost: $500
- 2. Kitchen Renovation ($12,000)
- Cabinetry: Replacement of kitchen cabinets with new, modern stock cabinets. This includes both upper and lower cabinets.
- Cost: $4,500
- Countertops: The existing laminate countertops are stained and damaged so we are Installing a new quartz countertops.
- Cost: $2,500
- Appliances: Standard-issue stainless steel appliances.
- Cost: $3,000
- Flooring: The current flooring is damaged, we are installing a new, durable vinyl plank.
- Cost: $1,500
- Plumbing & Sink: We are installing a new kitchen sink, faucet, and garbage disposal. This cost includes labor for installation and minor plumbing adjustments.
- Cost: $500
- 3. Bathroom Renovations ($10,000)
- Main Bathroom (Sink Area): The vanity and sink are messy and the surrounding area shows water damage and exposed wiring. We are replacing the vanity, sink, faucet, and mirror. Repair and re-texture the walls, and install new light fixtures.
- Cost: $3,500
- Bathroom (Tub Area): We are replacing the jetted tub with a standard bathtub unit and Installing a new tile surround for the shower area. We are going to purchase a new shower curtain rod and curtain.
- Cost: $4,500
- Flooring: Bathrooms need new flooring to address water damage and mold. New tile flooring is durable and moisture-resistant option.
- Cost: $1,000
- Fixtures & Toilet: A new, standard toilet, update light fixtures and other small hardware.
- Cost: $1,000
- 4. Interior General Renovations ($10,000)
- Flooring: The flooring throughout the main living areas is worn so we are replacing all flooring with consistent, modern vinyl plank flooring.
- Cost: $5,000
- Interior Paint: The walls are marked and in need of a full paint job. This includes priming and painting all walls, trim, and ceilings throughout the house.
- Cost: $3,500
- Cleanup & Demolition: This includes clearing out all the clutter, debris, and existing damaged materials before any work can begin.
- Cost: $1,500
- 5. Systems & Miscellaneous ($10,000)
- HVAC: Budget for the installation of a central heating and cooling system.
- Cost: $7,000
- Electrical: Inspect and update the wiring, outlets, and fixtures to meet current safety codes.
- Cost: $3,000
Total Rehab Cost: $47,000