7718 Parral Dr, El Paso, TX 79915
Great opportunity in Parral Dr, El Paso, TX.
This El Paso home consists of 2 bd/ 1ba/ 715 sqft of living space on a 7,361 sqft lot. Don’t miss out on this great opportunity!
Investment and Property Details
At Strandpark Properties, we believe in creating win-win opportunities. By allowing our clients to sponsor rehab projects, we not only share the financial success but also foster a collaborative partnership. While we have the resources to fund these projects ourselves, we value the insights and involvement of our clients. This unique approach allows you to earn 40% return on your investment when the property is flipped, making it a lucrative opportunity for everyone involved. Explore our current deals and join us in transforming properties into profitable ventures.
Purchase price:
$104,000
After Repair Value:
$210,000
Investment Duration:
52 Days
Return on Investment:
40%
Rehab Cost
$21,000
Agreed Purchase Price:
The end buyer has agreed to purchase the property for $186,000 and has made a 15% non refundable deposit towards the ARV.
Security
Rock-solid, legally binding joint venture agreement guaranteeing your investment return and protection regardless of project outcome.
Lead Contractor
Oscar Gilbert
Property Details:
- Size: 1 bedrooms, 2 bathrooms, 715sq ft
- Year Built: 1981
Rehab Cost Breakdown
- Exterior & Yard Cleanup ($3,000):
- Basic debris removal from front and backyards.
- Mow/weed-whack existing grass/weeds.
- Trim basic overgrowth.
- Minor patch and paint on front fence.
- Interior Paint & Cleaning ($5,000):
- Basic interior wall patching and cheapest possible paint throughout.
- Thorough professional deep cleaning of all surfaces.
- Kitchen (Basic Functionality) ($6,000):
- Clean existing cabinets.
- Clean existing countertops.
- Install a basic, new sink and faucet.
- Bathroom (Minimum Viable) ($4,000):
- Deep clean existing tiles and grout.
- Install a new toilet.
- Install a new, vanity with sink and faucet.
- Replace shower head.
- Basic Safety & Functionality ($3,000):
- Install new smoke detectors.
- Replace clearly broken light switches and outlets.
- Replace missing light bulbs.
- Replace exterior door locks.
Total Rehab Cost: $21,000